Black Stone Minerals, L.P. (NYSE:BSM)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $18.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price target suggests a potential upside of 4.59% from the company’s current price.

Other equities analysts also recently issued research reports about the company. TheStreet raised Black Stone Minerals, L.P. from a “c” rating to a “b-” rating in a research report on Friday, August 25th. Zacks Investment Research raised Black Stone Minerals, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Scotiabank set a $20.00 price objective on Black Stone Minerals, L.P. and gave the company a “hold” rating in a research report on Saturday, July 22nd. Piper Jaffray Companies cut their price objective on Black Stone Minerals, L.P. from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Finally, Barclays PLC cut their price objective on Black Stone Minerals, L.P. from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.00.

Shares of Black Stone Minerals, L.P. (BSM) traded up 0.06% during midday trading on Friday, hitting $17.21. 93,979 shares of the stock were exchanged. The firm’s 50 day moving average price is $17.13 and its 200-day moving average price is $17.13. Black Stone Minerals, L.P. has a 52-week low of $16.61 and a 52-week high of $19.86. The stock has a market cap of $3.37 billion, a P/E ratio of 23.38 and a beta of 0.28.

Black Stone Minerals, L.P. (NYSE:BSM) last released its earnings results on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.14. The firm had revenue of $120.52 million for the quarter, compared to the consensus estimate of $95.87 million. Black Stone Minerals, L.P. had a return on equity of 12.67% and a net margin of 22.71%. On average, equities research analysts expect that Black Stone Minerals, L.P. will post $0.76 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the business. Morgan Stanley grew its position in Black Stone Minerals, L.P. by 47.9% in the 1st quarter. Morgan Stanley now owns 2,973,063 shares of the oil and gas producer’s stock valued at $49,086,000 after acquiring an additional 962,824 shares during the last quarter. FMR LLC grew its position in shares of Black Stone Minerals, L.P. by 7.7% during the 2nd quarter. FMR LLC now owns 1,766,800 shares of the oil and gas producer’s stock worth $27,845,000 after buying an additional 127,052 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Black Stone Minerals, L.P. by 54.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,541,051 shares of the oil and gas producer’s stock worth $24,287,000 after buying an additional 545,689 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Black Stone Minerals, L.P. during the 2nd quarter worth $8,726,000. Finally, EdgePoint Investment Group Inc. bought a new position in shares of Black Stone Minerals, L.P. during the 2nd quarter worth $3,392,000. 21.36% of the stock is currently owned by institutional investors.

About Black Stone Minerals, L.P.

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

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