Stifel Nicolaus Maintains Their Buy Rating on Black Stone Minerals (BSM)

In a report issued on June 3, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on Black Stone Minerals (BSMResearch Report), with a price target of $19.00. The company’s shares closed last Monday at $16.63, close to its 52-week high of $16.75.

According to, Whitfield has 0 stars on 0-5 stars ranking scale with an average return of -9.6% and a 36.7% success rate. Whitfield covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Northern Oil And Gas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Black Stone Minerals with a $19.17 average price target, implying a 15.3% upside from current levels. In a report issued on May 23, Wells Fargo also maintained a Buy rating on the stock with a $19.00 price target.

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Black Stone Minerals’ market cap is currently $3.45B and has a P/E ratio of 26.62.

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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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