Black Stone Minerals (BSM) Receives a Rating Update from a Top Analyst

RBC Capital analyst T J Schultz maintained a Hold rating on Black Stone Minerals (BSMResearch Report) on August 15 and set a price target of $19.00. The company’s shares closed yesterday at $14.83.

According to TipRanks, J Schultz is a top 25 analyst with an average return of 18.8% and a 69.84% success rate. J Schultz covers the Industrial Goods sector, focusing on stocks such as Archrock, Enterprise Products Partners, and Williams Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Black Stone Minerals with a $20.40 average price target.

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Based on Black Stone Minerals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $180.37 million and a net profit of $131.79 million. In comparison, last year the company earned a revenue of $58.44 million and had a net profit of $15.43 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BSM in relation to earlier this year.

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Black Stone Minerals LP is an exploration company. The firm engages in the exploration of oil and natural gas minerals. It focuses in the operation of Louisiana-Mississippi Salt Basins, Western Gulf, Permian Basin, Palo Duro Basin, East Texas Basin, Anadarko Basin, Appalachian Basin, Arkoma Basin, Bend Arch-Fort Worth, and Southwestern Wyoming. The company was founded in 1876 and is headquartered in Houston, TX.

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