Black Stone Minerals LP (NYSE:BSM) shares hit a new 52-week high during trading on Friday . The company traded as high as $17.57 and last traded at $17.45, with a volume of 127,377 shares trading hands. The stock had previously closed at $16.15.

Separately, Zacks Investment Research downgraded shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.83.

The company has a 50 day moving average of $15.38 and a 200 day moving average of $14.54. The company’s market capitalization is $3.21 billion.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, May 9th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.22. On average, analysts forecast that Black Stone Minerals LP will post $0.56 earnings per share for the current fiscal year.

In other Black Stone Minerals news, Director Ricky J. Haeflinger acquired 3,000 shares of the stock in a transaction on Friday, May 13th. The shares were purchased at an average price of $16.09 per share, for a total transaction of $48,270.00. Following the completion of the acquisition, the director now owns 9,000 shares in the company, valued at approximately $144,810. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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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