Media headlines about Black Stone Minerals, L.P. (NYSE:BSM) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Black Stone Minerals, L.P. earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- MLPJ’s Holdings Imply 14% Gain Potential (nasdaq.com)
- Black Stone Minerals, L.P. (NYSE:BSM) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Black Stone Minerals, L.P. (NYSE:BSM) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Black Stone Minerals LP (NYSE:BSM) Given a $20.00 Price Target by Scotiabank Analysts (americanbankingnews.com)
Black Stone Minerals, L.P. (NYSE BSM) traded up 1.15% on Friday, reaching $16.68. The company had a trading volume of 84,188 shares. Black Stone Minerals, L.P. has a 12 month low of $15.07 and a 12 month high of $19.86. The stock has a market capitalization of $3.22 billion, a P/E ratio of 48.63 and a beta of 0.27. The firm has a 50-day moving average of $15.94 and a 200-day moving average of $16.84.
A number of brokerages have recently weighed in on BSM. Zacks Investment Research raised Black Stone Minerals, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $18.00 target price on shares of Black Stone Minerals, L.P. in a research note on Friday, July 14th. Scotiabank set a $20.00 target price on Black Stone Minerals, L.P. and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Barclays PLC reissued an “overweight” rating and set a $19.00 target price (down from $20.00) on shares of Black Stone Minerals, L.P. in a research note on Wednesday, May 17th. Finally, BidaskClub raised Black Stone Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.00.
WARNING: “Black Stone Minerals, L.P. (NYSE:BSM) Earning Somewhat Positive Press Coverage, Report Shows” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/07/29/black-stone-minerals-l-p-nysebsm-earning-somewhat-favorable-media-coverage-analysis-finds-updated-updated-updated.html.
In related news, Director Alexander D. Stuart acquired 18,650 shares of the business’s stock in a transaction on Friday, June 9th. The shares were bought at an average cost of $16.00 per share, with a total value of $298,400.00. Following the completion of the transaction, the director now directly owns 310,698 shares of the company’s stock, valued at approximately $4,971,168. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Carter, Jr. acquired 7,750 shares of the business’s stock in a transaction on Friday, June 9th. The stock was bought at an average cost of $15.86 per share, for a total transaction of $122,915.00. Following the completion of the transaction, the chief executive officer now directly owns 1,124,273 shares of the company’s stock, valued at $17,830,969.78. The disclosure for this purchase can be found here. Insiders acquired 44,000 shares of company stock worth $719,635 over the last three months. 24.30% of the stock is currently owned by corporate insiders.
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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