Black Stone Minerals LP (NYSE: BSM) has reported earnings for its second fiscal quarter (ending June 30) of $0.29 versus $0.35 for the same period a year ago — a decline of -17%. Relative to the consensus estimate of $0.37, this was a shortfall of $-0.08. For the latest four quarters through June 30, E.P.S. were $1.50 versus $2.59 for the same period a year ago — a decline of -42%.
Recent Price Action
Black Stone Minerals LP (NYSE: BSM) stock declined by -2.0% on 8/5/24. The shares closed at $14.20. Moreover, exceptionally high trading volume at 216% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -7.7% during the last week.
Current PriceTarget Research Rating
BSM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Black Stone Minerals has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Black Stone Minerals has a neutral Appreciation Score of 50 but a poor Power Rating of 18, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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