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

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

The firm’s market cap is $3.21 billion. The stock’s 50-day moving average price is $15.33 and its 200 day moving average price is $14.52.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, May 9th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.10 by $0.22. Analysts forecast that Black Stone Minerals LP will post $0.56 earnings per share for the current year.

In other news, Director Ricky J. Haeflinger bought 3,000 shares of Black Stone Minerals stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average cost of $16.09 per share, with a total value of $48,270.00. Following the completion of the transaction, the director now directly owns 9,000 shares in the company, valued at $144,810. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.