Black Stone Minerals LP (BSM) Sees Unusually-High Trading Volume
Black Stone Minerals LP (NYSE:BSM) saw unusually-high trading volume on Thursday . Approximately 143,183 shares changed hands during mid-day trading, an increase of 79% from the previous session’s volume of 79,878 shares.The stock last traded at $16.13 and had previously closed at $15.71.
Separately, Zacks Investment Research downgraded Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.83.
The company’s market capitalization is $3.10 billion. The firm’s 50-day moving average is $15.33 and its 200 day moving average is $14.52.
Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, May 9th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.22. On average, equities analysts anticipate that Black Stone Minerals LP will post $0.56 EPS for the current year.
In other Black Stone Minerals news, Director Ricky J. Haeflinger purchased 3,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was acquired at an average price of $16.09 per share, for a total transaction of $48,270.00. Following the purchase, the director now owns 9,000 shares of the company’s stock, valued at approximately $144,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Black Stone Minerals, L.P. owns oil and natural gas mineral interests in the United States. The Company’s principal business includes managing its existing portfolio of mineral and royalty assets and expanding its asset base through acquisitions of additional mineral and royalty interests. The Company owns mineral interests in approximately 14.5 million acres.
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