Black Stone Minerals (NYSE:BSM) had its price objective decreased by investment analysts at Raymond James from $17.00 to $16.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “strong-buy” rating on the oil and gas producer’s stock. Raymond James’ price objective indicates a potential upside of 53.70% from the company’s current price.
Several other equities research analysts have also issued reports on BSM. Wells Fargo & Company raised shares of Black Stone Minerals from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $11.00 to $13.00 in a report on Friday, September 3rd. Piper Sandler increased their target price on shares of Black Stone Minerals from $10.50 to $12.25 and gave the stock a “neutral” rating in a report on Wednesday, October 13th. Finally, Zacks Investment Research lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 24th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Black Stone Minerals presently has an average rating of “Buy” and a consensus price target of $32.85.
Shares of NYSE:BSM opened at $10.41 on Monday. Black Stone Minerals has a fifty-two week low of $6.63 and a fifty-two week high of $12.75. The business has a 50-day simple moving average of $11.88 and a two-hundred day simple moving average of $11.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 38.56 and a beta of 1.41.
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Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, November 1st. The…
