Stifel Nicolaus Sticks to Their Buy Rating for Black Stone Minerals (BSM)

In a report released yesterday, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on Black Stone Minerals (BSMResearch Report), with a price target of $18.00. The company’s shares closed yesterday at $16.22.

Whitfield covers the Utilities sector, focusing on stocks such as Diamondback, Callon, and Comstock Resources. According to TipRanks, Whitfield has an average return of -8.4% and a 39.16% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Black Stone Minerals with a $20.50 average price target.

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BSM market cap is currently $3.38B and has a P/E ratio of 14.26.

Based on the recent corporate insider activity of 42 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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