The stock of Black Stone Minerals LP (NYSE:BSM) is a huge mover today! About 113,764 shares traded hands. Black Stone Minerals LP (NYSE:BSM) has risen 37.05% since March 3, 2016 and is uptrending. It has outperformed by 28.70% the S&P500.
The move comes after 9 months positive chart setup for the $3.38 billion company. It was reported on Oct, 6 by Barchart.com. We have $21.76 PT which if reached, will make NYSE:BSM worth $811.20 million more.
Analysts await Black Stone Minerals LP (NYSE:BSM) to report earnings on November, 14. They expect $0.12 earnings per share, down 55.56% or $0.15 from last year’s $0.27 per share. BSM’s profit will be $23.11M for 36.56 P/E if the $0.12 EPS becomes a reality. After $-0.08 actual earnings per share reported by Black Stone Minerals LP for the previous quarter, Wall Street now forecasts -250.00% EPS growth.
Black Stone Minerals LP (NYSE:BSM) Ratings Coverage
Out of 5 analysts covering Black Stone Minerals (NYSE:BSM), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Black Stone Minerals has been the topic of 6 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Wednesday, March 23, the company rating was initiated by FBR Capital. The rating was maintained by Barclays Capital on Tuesday, August 16 with “Overweight”. The stock has “Overweight” rating given by Barclays Capital on Wednesday, September 30. The company was initiated on Friday, September 25 by Simmons & Co.
According to Zacks Investment Research, “Black Stone Minerals, L.P. is the owner of oil and natural gas mineral primarily in the United States. Black Stone Minerals, L.P. is based in Houston, United States.”
More notable recent Black Stone Minerals LP (NYSE:BSM) news were published by: Marketwatch.com which released: “Black Stone Minerals LP” on September 20, 2011, also Businesswire.com with their article: “Black Stone Minerals, L.P. Enters Into Agreement to Acquire Diverse Mineral …” published on April 21, 2016, Businesswire.com published: “Black Stone Minerals, L.P. Reports First Quarter 2016 Results and Announces …” on May 09, 2016. More interesting news about Black Stone Minerals LP (NYSE:BSM) were released by: Businesswire.com and their article: “Black Stone Minerals, L.P. Announces Fourth Quarter Cash Distribution” published on February 10, 2016 as well as Businesswire.com‘s news article titled: “Black Stone Minerals, L.P. Announces the Appointment of Vice President & Chief …” with publication date: September 15, 2015.
BSM Company Profile
Black Stone Minerals, L.P., incorporated on October 16, 2014, is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is actively managing its existing portfolio of mineral and royalty assets to maximize its value and expanding its asset base through acquisitions of additional mineral and royalty interests. It owns mineral interests in approximately 14.6 million acres, with an average of over 47.8% ownership interest in that acreage. It also owns nonparticipating royalty interests in approximately 1.3 million acres and overriding royalty interests in over 1.4 million acres. These non-cost-bearing interests, which it refers to collectively as its mineral and royalty interests, include ownership in over 45,000 producing wells. The Company’s mineral and royalty interests are located in over 41 states and in approximately 60 onshore basins in the continental United States. Many of these interests are in active resource plays, including the Bakken/Three Forks, Eagle Ford Shale, Wolfcamp, Haynesville/Bossier, and Fayetteville Shale plays, as well as emerging plays, such as the Lower Wilcox and Canyon Lime plays.
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