Black Stone Minerals (BSM) Stock Sinks As Market Gains: What You Should Know
Black Stone Minerals (BSM) closed the most recent trading day at $15.71, moving -1.5% from the previous trading session. This change lagged the S&P 500's 1.29% gain on the day. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 10.96%.
Coming into today, shares of the partnership that owns mineral and royalty interests had lost 8.54% in the past month. In that same time, the Oils-Energy sector gained 4.41%, while the S&P 500 lost 0.23%.
Investors will be hoping for strength from Black Stone Minerals as it approaches its next earnings release. The company is expected to report EPS of $0.43, up 65.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $162.97 million, down 9.17% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Black Stone Minerals. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.61% lower. Black Stone Minerals is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Black Stone Minerals is holding a Forward P/E ratio of 7.35. This represents a discount compared to its industry's average Forward P/E of 10.79.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BSM in the coming trading sessions, be sure to utilize Zacks.com.
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Black Stone Minerals, L.P. (BSM) : Free Stock Analysis Report
