Black Stone Minerals, L.p. (BSM): Ricky J. Haeflinger , director of Black Stone Minerals, L.p. purchased 3,000 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.09 per share for a total value of $48,270.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, William N. Mathis (director) purchased 11,410 shares at $13.71 per share price.On Nov 24, 2015, Thomas L Jr Carter (CEO) purchased 2,100 shares at $14.38 per share price.Also, On Aug 3, 2015, D Mark Dewalch (director) purchased 15 shares at $14.56 per share price.On Jun 15, 2015, Ricky J. Haeflinger (director) purchased 3,000 shares at $17.82 per share price.
Black Stone Minerals LP: On Monday, May 16, 2016 heightened volatility was witnessed in Black Stone Minerals LP which led to swings in the share price. The shares opened for trading at $15.79 and hit $16.25 on the upside , eventually ending the session at $15.99, with a gain of 1.78% or 0.28 points. The heightened volatility saw the trading volume jump to 2,21,151 shares. The 52-week high of the share price is $18.406 and the company has a market cap of $3,066 M . The 52-week low of the share price is at $10.71.
Company has been under the radar of several Street Analysts.Black Stone Minerals LP is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $17. The Rating was issued on Mar 23, 2016.
Black Stone Minerals L.P. is a mining company which is engaged in acquisitions of mineral and royalty properties. The Company owns oil and natural gas mineral interests of approximately 14.5 million acres in the United States. It also owns nonparticipating interests in 1.2 million acres and overriding interests in 1.4 million acres. These non-cost-bearing interests (mineral and royalty interests) include ownership in approximately 40000 producing wells. It has interests in various active resource plays including the Bakken/Three Forks plays Eagle Ford Shale Wolfcamp play Haynesville/Bossier plays Granite Wash play and Fayetteville Shale as well as emerging plays such as the Tuscaloosa Marine Shale and the Canyon Lime play. Its properties include Louisiana-Mississippi Salt Basins Western Gulf (onshore) Williston Basin Palo Duro Basin Permian Basin Anadarko Basin Appalachian Basin East Texas Basin Arkoma Basin Bend Arch-Fort Worth Basin and Southwestern Wyoming.