In a report released today, Mark Lear from Piper Sandler maintained a Hold rating on Black Stone Minerals (BSM – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $15.44.
According to TipRanks, Lear is a 4-star analyst with an average return of 5.0% and a 54.87% success rate. Lear covers the Energy sector, focusing on stocks such as Diamondback, Magnolia Oil & Gas, and APA.
Currently, the analyst consensus on Black Stone Minerals is a Moderate Buy with an average price target of $18.50.
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The company has a one-year high of $17.52 and a one-year low of $11.96. Currently, Black Stone Minerals has an average volume of 553K.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BSM in relation to earlier this year.
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Black Stone Minerals (BSM) Company Description:
Black Stone Minerals LP is an exploration company. The firm engages in the exploration of oil and natural gas minerals. It focuses in the operation of Louisiana-Mississippi Salt Basins, Western Gulf, Permian Basin, Palo Duro Basin, East Texas Basin, Anadarko Basin, Appalachian Basin, Arkoma Basin, Bend Arch-Fort Worth, and Southwestern Wyoming. The company was founded in 1876 and is headquartered in Houston, TX.
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