Month: October 2021

The ex-dividend date of this dividend is Thursday, August 10th. Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can. According to 3 analysts, the average rating for BSM stock is “Hold.” The 12-month stock price forecast is $18.5, which is an increase of 6.02% from the latest price. Is well-positioned to seize growth opportunities within the energy industry.

Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Black Stone Minerals declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.475 per share on Friday, August 18th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.98%.

Research Report for BSM

Provides a general description of the business conducted by this company. The Zacks Earnings ESP is a great way to find potential earnings surprises. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, BSM info will be updated daily in your Zacks.com Portfolio Tracker – also free.

On average, they expect the company’s share price to reach $19.33 in the next twelve months. This suggests a possible upside of 11.8% from the stock’s current price. View analysts price targets for BSM or view top-rated stocks among Wall Street analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

Company Summary

Expanded its interests and diversified its holdings, amassing millions of acres of mineral interests across various plays and shale formations in the United States. These achievements have solidified the company’s position as a reputable player in the energy sector. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Compare
BSM’s historical performance
against its industry peers and the overall market.

• Their BSM share price forecasts range from $16.00 to $21.00.
• This puts Thomas L. Carter, Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
• Notably, the company discovered the Double A Wells Field in East Texas in 1985, marking a pivotal moment in its journey.
• Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. 2 employees have rated Black Stone Minerals Chief Executive Officer Thomas L. Carter, Jr. on Glassdoor.com. Thomas L. Carter, Jr. has an approval rating of 100% among the company’s employees. This puts Thomas L. Carter, Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Executives Buy at Align Technology and Black Stone Minerals

Black Stone Minerals’ stock was trading at $16.87 at the start of the year. Since then, BSM stock has increased by 2.5% and is now trading at $17.30. BSM’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction.

The company’s key customers are oil and gas exploration and production companies that rely on mineral resources for their operations. These customers benefit from partnering with Black Stone Minerals, L.P., accessing the company’s extensive mineral interests and expertise. Contributes to the sector’s https://1investing.in/ growth and development by focusing on serving the energy industry. As with any company operating in the energy industry, Black Stone Minerals, L.P. Fluctuations in oil and gas prices, regulatory changes, and environmental concerns can impact the company’s operations and profitability.

The company’s target market primarily comprises energy companies engaged in exploration and production activities. By providing access to valuable mineral interests, Black Stone Minerals, L.P. Supports these companies in extracting and producing oil and natural gas. 3 Wall Street research analysts have issued twelve-month target prices for Black Stone Minerals’ stock. Their BSM share price forecasts range from $16.00 to $21.00.

One share of BSM stock can currently be purchased for approximately $17.30. The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023. Has achieved significant milestones and recognition throughout its history. Notably, the company discovered the Double A Wells Field in East Texas in 1985, marking a pivotal moment in its journey.

Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Second Quarter 2022 Results

The consensus among Wall Street equities research analysts is that investors should “moderate buy” BSM shares. Operating in the broader energy sector, Black Stone Minerals, L.P. Holds a strategic position as an owner and manager of oil and natural gas mineral interests. Its extensive portfolio across multiple states provides a competitive advantage, enabling the company to leverage opportunities in various plays and shale formations. This advantageous positioning enhances the company’s potential to thrive in the industry. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

However, the company’s risk management strategies and industry expertise help mitigate these risks to a certain extent. Has demonstrated strong financial performance in recent years, showcasing its robust portfolio of mineral interests. Its earnings metrics are also improving, with a trailing price-to-earnings ratio indicating favorable valuation relative to its earnings. The company boasts a remarkable net margin of over 70%, underscoring its ability to generate substantial profits from mineral interests. Has effectively managed its resources, resulting in a return on equity of over 50% and a return on assets of around 35%.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Black Stone Minerals saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,270,000 shares, an increase of 6.6% from the July 15th total of 2,130,000 shares.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Black Stone Minerals and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Oil prices have swung from over $100 per barrel to under $80 per barrel in a year. Indeed, some portfolios need to be optimally built to cushion such swings and what effects these have on the economy.

It owns oil and natural gas mineral interests, which make up the majority of the asset base. Black Stone Minerals, L.P.’s stock performance reflects investor confidence in the company’s operations. Monitoring recent news and events that may have influenced the company’s share price is essential for understanding its market performance.

Has established itself as a key player in the industry with a rich history and a vast portfolio of approximately 16.8 million gross acres spread across 41 states. Black Stone Minerals LP ( BSM , Financial) is one of the largest owners of oil and natural gas mineral interests in the United States. The company’s current financials are exceptional with sales comin… Black Stone Minerals LP is an oil and natural gas mineral company.

Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion.

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being dtc indicator tradingview directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

Based on an average trading volume of 461,200 shares, the short-interest ratio is presently 4.9 days. Currently, 1.4% of the company’s shares are short sold. Carter & Bro., has evolved into a leading Houston-based oil and natural gas corporation. The company’s primary focus is owning and managing oil and natural gas mineral interests across the United States.

Data may be intentionally delayed pursuant to supplier requirements. The technique has proven to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.