Black Stone Minerals L.P. (BSM) has risen sharply, recording gains of 10.39% in the past 4 weeks. However, the stock has corrected -4.18% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.67% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.08% and the 50-Day Moving Average is 7.82%.The 200 Day SMA reached 17.4% Black Stone Minerals, L.P. is up 15.06% in the last 3-month period. Year-to-Date the stock performance stands at 20.72%.
Black Stone Minerals L.P. (BSM) : 7 Wall Street analysts covering Black Stone Minerals L.P. (BSM) believe that the average level the stock could reach for the short term is $19.29. The maximum price target given is $21 and the minimum target for short term is around $18, hence the standard deviation is calculated at $1.11.
For the current week, the company shares have a recommendation consensus of Buy. Black Stone Minerals L.P. (NYSE:BSM): stock was range-bound between the intraday low of $17.26 and the intraday high of $18.86 after having opened at $18.64 on Fridays session. The stock finally closed in the red at $18.64, a loss of -7.73%. The stock remained in the red for the whole trading day. The total traded volume was 1,252,484 shares. The stock failed to cross $18.86 in Fridays trading. The stocks closing price on Thursday was $17.42.
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 40,000 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.