Stocks of Black Stone Minerals L.P. (BSM) are poised to climb above their peers

Black Stone Minerals L.P. (NYSE: BSM) stock fell -1.05% on Friday to $15.02 against a previous-day closing price of $15.18. With 1.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.7 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $15.39 whereas the lowest price it dropped to was $14.73. The 52-week range on BSM shows that it touched its highest point at $17.36 and its lowest point at $9.47 during that stretch. It currently has a 1-year price target of $19.60. With its current market cap of 3.10 billion, BSM has annualized dividend of $1.68 while the current yield stands at 11.19%. Beta for the stock currently stands at 1.11.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BSM was down-trending over the past week, with a drop of -2.09%, but this was up by 10.20% over a month. Three-month performance dropped to -2.91% while six-month performance rose 27.18%. The stock gained 41.43% in the past year, while it has gained 45.40% so far this year. A look at the trailing 12-month EPS for BSM yields 0.66 with Next year EPS estimates of 2.06. For the next quarter, that number is 0.37. This implies an EPS growth rate of 58.60% for this year and 89.33% for next year. EPS is expected to grow by 6.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 59.30%.

Float and Shares Shorts:

At present, 209.32 million BSM shares are outstanding with a float of 159.14 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.96 million, which was 0.94% higher than short shares on Jun 14, 2022. In addition to Mr. Thomas L. Carter Jr. as the firm’s Chairman & CEO of Black Stone Minerals GP L.L.C, Mr. Jeffrey P. Wood serves as its Pres & CFO of Black Stone Minerals GP LLC.

Institutional Ownership:

Through their ownership of 15.33% of BSM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.02% of BSM, in contrast to 19.14% held by mutual funds. Shares owned by individuals account for 12.46%. As the largest shareholder in BSM with 3.47% of the stake, Rice Management Co. holds 7,266,343 shares worth 7,266,343. A second-largest stockholder of BSM, Edgepoint Investment Group, Inc., holds 3,618,261 shares, controlling over 1.73% of the firm’s shares. HCP Asset Management SA is the third largest shareholder in BSM, holding 1,587,809 shares or 0.76% stake. With a 1.48% stake in BSM, the EdgePoint Global Growth & Income is the largest stakeholder. A total of 3,092,337 shares are owned by the mutual fund manager. The Invesco Markets Plc – Morningstar, which owns about 0.51% of BSM stock, is the second-largest Mutual Fund holder. It holds 1,058,372 shares valued at 14.49 million. Edgepoint Canadian Growth & Incom holds 0.25% of the stake in BSM, owning 525,924 shares worth 7.2 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BSM since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BSM analysts setting a high price target of $23.00 and a low target of $17.00, the average target price over the next 12 months is $20.00. Based on these targets, BSM could surge 53.13% to reach the target high and rise by 13.18% to reach the target low. Reaching the average price target will result in a growth of 33.16% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BSM will report FY 2022 earnings on 02/20/2023. Analysts have provided yearly estimates in a range of $1.51 being high and $1.06 being low. For BSM, this leads to a yearly average estimate of $1.19. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Black Stone Minerals L.P. surprised analysts by $0.21 when it reported $0.59 EPS against a consensus estimate of $0.38. The surprise factor in the prior quarter was -$0.39. Based on analyst estimates, the high estimate for the next quarter is $0.40 and the low estimate is $0.38. The average estimate for the next quarter is thus $0.39.

Summary of Insider Activity:

Insiders traded BSM stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 5,933 shares were bought while 0 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 694,527 while 260,908 shares were sold.

Leave a Comment

Your email address will not be published.