The stock of Black Stone Minerals L.P (BSM) has gone up by 0.20% for the week, with a -2.04% drop in the past month and a 4.05% rise in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are 1.69% for BSM. The simple moving average for the past 20 days is -0.29% for BSM’s stock, with a -3.67% simple moving average for the past 200 days.
Is It Worth Investing in Black Stone Minerals L.P (NYSE: BSM) Right Now?
The price-to-earnings ratio for Black Stone Minerals L.P (NYSE: BSM) is above average at 9.92x, Company’s 36-month beta value is 0.95.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.”
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The public float for BSM is 161.88M, and currently, short sellers hold a 1.90% ratio of that floaft. The average trading volume of BSM on November 08, 2024 was 384.44K shares.
BSM) stock’s latest price update
The stock price of Black Stone Minerals L.P (NYSE: BSM) has plunged by -3.37 when compared to previous closing price of 15.42, but the company has seen a 0.20% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that Black Stone Minerals, L.P. Common Units (NYSE:BSM ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Mark Meaux – Director of Finance Thomas Carter – Chairman, President and Chief Executive Officer Taylor DeWalch – Senior Vice President and Chief Financial Officer Conference Call Participants Timothy Rezvan – KeyBanc Capital Markets Inc. Operator Hello, everyone, and thank you for joining us today for this Black Stone Minerals Q3 2024 Earnings Conference Call.
BSM Trading at -0.05% 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 -16.29% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -2.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.73% lower at present.
During the last 5 trading sessions, BSM rose by +0.13%, which changed the moving average for the period of 200-days by -9.70% in comparison to the 20-day moving average, which settled at $14.94. In addition, Black Stone Minerals L.P saw -6.64% 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 Carter Thomas L Jr, who purchase 100,000 shares at the price of $14.12 back on Sep 06 ’24. After this action, Carter Thomas L Jr now owns 3,133,128 shares of Black Stone Minerals L.P, valued at $1,411,800 using the latest closing price.
Clark Carrie Pearson, the SVP, Chief Commercial Officer of Black Stone Minerals L.P, sale 18,532 shares at $14.84 during a trade that took place back on Aug 26 ’24, which means that Clark Carrie Pearson is holding 116,923 shares at $274,957 based on the most recent closing price.
Stock Fundamentals for BSM
Current profitability levels for the company are sitting at:
- 0.61 for the present operating margin
- 0.73 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 0.22. Equity return is now at value 38.50, with 27.70 for asset returns.
Currently, EBITDA for the company is 288.01 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 7.3. The receivables turnover for the company is 6.26for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.20.
Conclusion
In a nutshell, Black Stone Minerals L.P (BSM) has experienced a mixed 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.
