Black Stone Minerals L.P. (BSM) : 5 brokerage houses believe that Black Stone Minerals L.P. (BSM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.17.
Black Stone Minerals L.P. (BSM) : Average target price received by Black Stone Minerals L.P. (BSM) is $19.29 with an expected standard deviation of $1.11. The most aggressive target on the stock is $21, whereas the most downbeat target is $18. 7 financial analysts are currently covering the stock.
Also, Stifel Nicolaus initiates coverage on Black Stone Minerals L.P. (NYSE:BSM). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on September 6, 2016.
Black Stone Minerals L.P. (NYSE:BSM): After opening at $18.54, the stock dipped to an intraday low of $18.54 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $19.65 and the buying power remained strong till the end. The stock closed at $18.88 for the day, a gain of 2.50% for the day session. The total traded volume was 587,445. The stocks close on the previous trading day was $18.42.
Black Stone Minerals, L.P. is a mining company, which is engaged in acquisitions of mineral and royalty properties. The Company owns oil and natural gas mineral interests of approximately 14.5 million acres in the United States. It also owns nonparticipating interests in 1.2 million acres and overriding interests in 1.4 million acres. These non-cost-bearing interests (mineral and royalty interests) include ownership in approximately 40,000 producing wells. It has interests in various active resource plays, including the Bakken/Three Forks plays, Eagle Ford Shale, Wolfcamp play, Haynesville/Bossier plays, Granite Wash play and Fayetteville Shale, as well as emerging plays, such as the Tuscaloosa Marine Shale and the Canyon Lime play. Its properties include Louisiana-Mississippi Salt Basins, Western Gulf (onshore), Williston Basin, Palo Duro Basin, Permian Basin, Anadarko Basin, Appalachian Basin, East Texas Basin, Arkoma Basin, Bend Arch-Fort Worth Basin and Southwestern Wyoming.