Black Stone Minerals LP (NYSE:BSM) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded Black Stone Minerals LP(NYSE:BSM) to Hold in a report released on 8/18/2016.
Previously on Tuesday August 16 2016, Barclays Capital released a statement for Black Stone Minerals LP(NYSE:BSM) bumped the target price from $18.00 to $20.00. At the time, this suggested an upside of 0.27%.
Showing a price of $15.62, Black Stone Minerals LP (NYSE:BSM) traded 7.73% lower on the day. With the last stock close up 13.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. BSM has registered a 50-day moving average of $16.31 and two hundred day average of $15.33. 1,252,484 shares of Black Stone Minerals LP traded, up from ann avg. volume of 179,703
With a market cap of $0.0, Black Stone Minerals LP has a 52 week low of $10.71 and a one-year high of $18.91 with a PE ratio of 0.
A total of 8 brokers have released a ratings update on the company. Two analysts rate the stock a strong buy, three firms rate the company a buy, two firms rate the stock a hold, 0 rate the stock to underperform, and finally 0 analystsrate the company as sell with a consensus target price of $17.25
Brief Synopsis On Black Stone Minerals LP (NYSE:BSM)
Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is 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 mineral and royalty interests, include ownership in over 45, 000 producing wells. Its 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, and Eagle Ford Shale and Fayetteville Shale plays.
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