Black Stone Minerals (NYSE:BSM) Given a $21.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $21.00 price objective on Black Stone Minerals (NYSE:BSM) in a research report sent to investors on Tuesday, August 7th, Marketbeat.com reports. The firm currently has a buy rating on the oil and gas producer’s stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Black Stone Minerals from a hold rating to a strong-buy rating and set a $21.00 price target on the stock in a report on Wednesday, May 23rd. Scotiabank raised shares of Black Stone Minerals from a sector perform rating to an outperform rating in a report on Monday, June 25th. Finally, TheStreet raised shares of Black Stone Minerals from a c rating to a b- rating in a report on Monday, April 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $19.80.

NYSE:BSM traded up $0.05 during mid-day trading on Tuesday, hitting $18.52. The stock had a trading volume of 79,100 shares, compared to its average volume of 143,974. The company has a market capitalization of $3.73 billion, a P/E ratio of 18.33 and a beta of 0.32. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.16 and a current ratio of 1.16. Black Stone Minerals has a twelve month low of $16.36 and a twelve month high of $19.29.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 16th were issued a dividend of $0.338 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $1.35 annualized dividend and a dividend yield of 7.30%. Black Stone Minerals’s dividend payout ratio is presently 133.66%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new position in shares of Black Stone Minerals during the first quarter worth approximately $185,000. Jane Street Group LLC bought a new position in Black Stone Minerals in the fourth quarter valued at approximately $221,000. Renaissance Technologies LLC bought a new position in Black Stone Minerals in the fourth quarter valued at approximately $245,000. Tower Research Capital LLC TRC increased its stake in Black Stone Minerals by 176.9% in the second quarter. Tower Research Capital LLC TRC now owns 15,791 shares of the oil and gas producer’s stock valued at $292,000 after acquiring an additional 10,089 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in Black Stone Minerals in the second quarter valued at approximately $323,000. 13.46% of the stock is currently owned by institutional investors.

About Black Stone Minerals

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.

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Analyst Recommendations for Black Stone Minerals (NYSE:BSM)

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