The price-to-earnings ratio for Black Stone Minerals, L.P. (NYSE: BSM) is above average at 8.43x, Company’s 36-month beta value is 0.92.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BSM is 162.04M, and currently, short sellers hold a 2.75% ratio of that floaft. The average trading volume of BSM on April 18, 2024 was 484.62K shares.
BSM) stock’s latest price update
Black Stone Minerals, L.P. (NYSE: BSM)’s stock price has gone decline by -2.29 in comparison to its previous close of 15.72, however, the company has experienced a -5.42% decrease in its stock price over the last five trading days. Business Wire reported 2024-04-17 that HOUSTON–(BUSINESS WIRE)–Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today declared the distribution attributable to the first quarter of 2024. Additionally, the Partnership announced the date of its first quarter 2024 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the first quarter of 2024 of $0.375 per unit. Distributions will be payable o.
BSM’s Market Performance
BSM’s stock has fallen by -5.42% in the past week, with a monthly drop of -2.60% and a quarterly drop of -4.83%. The volatility ratio for the week is 2.27% while the volatility levels for the last 30 days are 1.49% for Black Stone Minerals, L.P. The simple moving average for the past 20 days is -4.57% for BSM’s stock, with a -7.90% simple moving average for the past 200 days.
BSM Trading at -2.45% from the 50-Day Moving Average
After a stumble in the market that brought BSM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.20% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -2.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.49% lower at present.
During the last 5 trading sessions, BSM fell by -5.79%, which changed the moving average for the period of 200-days by -3.41% in comparison to the 20-day moving average, which settled at $16.08. In addition, Black Stone Minerals, L.P. saw -3.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BSM starting from DeWalch D Mark, who purchase 3,250 shares at the price of $15.47 back on Feb 26 ’24. After this action, DeWalch D Mark now owns 320,436 shares of Black Stone Minerals, L.P., valued at $50,277 using the latest closing price.
Carter Thomas L Jr, the CEO, President, and Chairman of Black Stone Minerals, L.P., purchase 2,075 shares at $16.20 during a trade that took place back on Dec 08 ’23, which means that Carter Thomas L Jr is holding 2,792,443 shares at $33,617 based on the most recent closing price.
Stock Fundamentals for BSM
Current profitability levels for the company are sitting at:
- 0.65 for the present operating margin
- 0.76 for the gross margin
The net margin for Black Stone Minerals, L.P. stands at 0.87. The total capital return value is set at 0.25. Equity return is now at value 43.90, with 31.90 for asset returns.
Currently, EBITDA for the company is 288.01 million with net debt to EBITDA at -0.21. When we switch over and look at the enterprise to sales, we see a ratio of 6.55. The receivables turnover for the company is 5.88for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.50.
Conclusion
In a nutshell, Black Stone Minerals, L.P. (BSM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
