Black Stone Minerals LP (NYSE:BSM) SVP Luke Stevens Putman sold 14,230 shares of Black Stone Minerals stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $17.58, for a total transaction of $250,163.40. Following the transaction, the senior vice president now directly owns 287,464 shares in the company, valued at $5,053,617.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of BSM opened at $17.35 on Friday. Black Stone Minerals LP has a 1-year low of $16.36 and a 1-year high of $19.29. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 24.69 and a beta of 0.38. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.55.
Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). Black Stone Minerals had a net margin of 17.79% and a return on equity of 9.32%. The company had revenue of $109.31 million for the quarter, compared to analyst estimates of $122.98 million. As a group, equities research analysts predict that Black Stone Minerals LP will post 0.87 earnings per share for the current fiscal year.
BSM has been the topic of a number of analyst reports. Stifel Nicolaus set a $21.00 target price on shares of Black Stone Minerals and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised shares of Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Scotiabank upgraded shares of Black Stone Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, June 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $20.00.
About Black Stone Minerals
Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.
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