Black Stone Minerals LP (NYSE: BSM) has reported E.P.S. of $0.27 for its first fiscal quarter (ending March 31) versus $0.62 for the same period a year ago — a decline of -56%. This performance was $-0.12 short of the consensus estimate of $0.40. For the latest four quarters through March 31, E.P.S. were $1.56 versus $2.85 for the same period a year ago — a decline of -45%.
Recent Price Action
On 5/6/24, Black Stone Minerals LP (NYSE: BSM) stock increased 1.9%, closing at $16.70. Moreover, this advance was accompanied by unusually high trading volume at 164% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.7% 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 F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Black Stone Minerals has a neutral Appreciation Score of 46 but a very low Power Rating of 11, leading to the Lowest Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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