Black Stone Minerals LP (BSM) Sees Unusually-High Trading Volume
Black Stone Minerals LP (NYSE:BSM) shares saw strong trading volume on Thursday . 330,302 shares changed hands during trading, an increase of 63% from the previous session’s volume of 202,763 shares.The stock last traded at $15.80 and had previously closed at $15.35.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Barclays PLC boosted their price objective on shares of Black Stone Minerals from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Black Stone Minerals presently has an average rating of “Buy” and a consensus target price of $18.60.
The company’s 50-day moving average price is $15.61 and its 200 day moving average price is $14.69. The company’s market cap is $3.01 billion.
Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.26. The business had revenue of $40.57 million for the quarter, compared to analyst estimates of $77.50 million. Equities research analysts forecast that Black Stone Minerals LP will post $0.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 18th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.29%. This is a boost from Black Stone Minerals’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, August 16th.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.