Black Stone Minerals L.P (NYSE: BSM)’s stock price has increased by 0.26 compared to its previous closing price of 15.35. However, the company has seen a 1.58% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-10 that With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.
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 9.40x. The 36-month beta value for BSM is also noteworthy at 0.94. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BSM is 161.88M, and at present, short sellers hold a 1.83% of that float. The average trading volume of BSM on November 28, 2024 was 390.06K shares.
BSM’s Market Performance
BSM’s stock has seen a 1.58% increase for the week, with a 5.05% rise in the past month and a 2.60% gain in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.75% for Black Stone Minerals L.P The simple moving average for the last 20 days is 1.53% for BSM stock, with a simple moving average of -0.12% for the last 200 days.
BSM Trading at 2.09% 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 -13.54% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +4.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.94% upper at present.
During the last 5 trading sessions, BSM rose by +1.58%, which changed the moving average for the period of 200-days by -2.53% in comparison to the 20-day moving average, which settled at $15.16. In addition, Black Stone Minerals L.P saw -3.57% 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:
- 0.66 for the present operating margin
- 0.71 for the gross margin
The net margin for Black Stone Minerals L.P stands at 0.94. The total capital return value is set at 0.22. Equity return is now at value 42.80, with 30.50 for asset returns.
Currently, EBITDA for the company is 472.03 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 8.17. The receivables turnover for the company is 5.79for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.60.
Conclusion
In summary, Black Stone Minerals L.P (BSM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
