On Tuesday, Black Stone Minerals L.P (NYSE: BSM) opened lower -1.83% from the last session, before settling in for the closing price of $14.73. Price fluctuations for BSM have ranged from $13.94 to $16.92 over the past 52 weeks.
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A company in the Energy sector has dropped its sales by -2.60% annually for the last half of the decade. Company’s average yearly earnings per share was noted -11.60% at the time writing. With a float of $161.88 million, this company’s outstanding shares have now reached $210.69 million.
In terms of profitability, gross margin is 70.89%, operating margin of 65.53%, and the pretax margin is 94.46%.
Black Stone Minerals L.P (BSM) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Black Stone Minerals L.P is 18.10%, while institutional ownership is 14.80%. The most recent insider transaction that took place on Sep 06 ’24, was worth 1,411,800. In this transaction CEO, President, and Chairman of this company bought 100,000 shares at a rate of $14.12, taking the stock ownership to the 3,133,128 shares. Before that another transaction happened on Aug 26 ’24, when Company’s SVP, Chief Commercial Officer sold 18,532 for $14.84, making the entire transaction worth $274,957. This insider now owns 116,923 shares in total.
Black Stone Minerals L.P (BSM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -11.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.60% during the next five years compared to 6.70% growth over the previous five years of trading.
Black Stone Minerals L.P (NYSE: BSM) Trading Performance Indicators
Check out the current performance indicators for Black Stone Minerals L.P (BSM). In the past quarter, the stock posted a quick ratio of 4.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.66. Likewise, its price to free cash flow for the trailing twelve months is 8.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.64, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.48 in one year’s time.
Technical Analysis of Black Stone Minerals L.P (BSM)
Let’s dig in a bit further. During the last 5-days, its volume was 0.6 million. That was better than the volume of 0.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.18%. Additionally, its Average True Range was 0.28.
During the past 100 days, Black Stone Minerals L.P’s (BSM) raw stochastic average was set at 28.89%, which indicates a significant increase from 6.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.08% in the past 14 days, which was higher than the 18.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.10, while its 200-day Moving Average is $15.40. However, in the short run, Black Stone Minerals L.P’s stock first resistance to watch stands at $14.71. Second resistance stands at $14.96. The third major resistance level sits at $15.13. If the price goes on to break the first support level at $14.29, it is likely to go to the next support level at $14.12. Assuming the price breaks the second support level, the third support level stands at $13.87.
Black Stone Minerals L.P (NYSE: BSM) Key Stats
There are currently 210,695K shares outstanding in the company with a market cap of 3.05 billion. Presently, the company’s annual sales total 592,220 K according to its annual income of 422,550 K. Last quarter, the company’s sales amounted to 134,860 K and its income totaled 92,730 K.
