BSM

Black Stone Minerals LP

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14.510

-0.090(-0.620%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

14.580

Open

14.550

VWAP

14.53

Vol

26.89K

Mkt Cap

3.30B

Low

14.460

Amount

390.82K

EV/EBITDA(TTM)

10.36

Total Shares

210.70M

3.37B

EV/OCF(TTM)

8.67

P/S(TTM)

6.94

Black Stone Minerals, L.P. is an owner and manager of oil and natural gas mineral interests in the United States. The Company's principal business is maximizing the value of its existing mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. It owns mineral interests in approximately 16.8 million gross acres. It also owns nonparticipating royalty interests (NPRIs) in 1.8 million gross acres and overriding royalty interests (ORRIs) in 1.6 million gross acres. The Company owns mineral and royalty interests in 41 states in the continental United States, including all of the onshore producing basins. Many of these interests are in active resource plays, including the Haynesville/Bossier shales in East Texas/Western Louisiana, the Wolfcamp/Spraberry/Bone Springs in the Permian Basin, the Bakken/Three Forks in the Williston Basin, and the Eagle Ford shale in South Texas.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q2

FY2025Q1

124.67M

-7.55%

0.360

+16.92%

117.03M

+6.75%

0.330

-11.58%

118.25M

+12.1%

0.345

-11.33%

Estimates Revision

The market is revising Upward the revenue expectations for Black Stone Minerals, L.P. (BSM) for FY2025, with the revenue forecasts being adjusted by 4.68% over the past three months. During the same period, the stock price has changed by -1.69%.

Revenue Estimates for FY2025

Revise Upward

+4.68%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-4.1%

In Past 3 Month

Stock Price

Go Down

-1.69%

In Past 3 Month

1 Analyst Rating

10.27% Upside

Wall Street analysts forecast BSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSM is 16.00 USD with a low forecast of 16.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

1 Hold

0 Sell

Hold

10.27% Upside

Current: 14.510

Low

16.00

Averages

16.00

High

16.00

10.27% Upside

Current: 14.510

Low

16.00

Averages

16.00

High

16.00

Piper Sandler

Mark Lear

Hold

Maintains

$16 → $15

2025-04-22

Reason

Piper Sandler

Mark Lear

Price Target

$16 → $15

2025-04-22

Maintains

Hold

Reason

Piper Sandler lowered the firm's price target on Black Stone Minerals to $15 from $16 and keeps a Neutral rating on the shares. The firm sees a tricky set up into Q1 prints amid a trade-war and overall macro uncertainty paired with increased OPEC+ supply and a messy seasonal gas tape. While periods of volatility certainly provide entry opportunities in names with deep low-cost inventory and strong balance sheets, for a group where reversion and positioning have also had a big impact on shorter term performance, Piper has a bit of a stronger bias toward oil vs gas heading into Q1.

Piper Sandler

Mark Lear

Hold

Maintains

$14 → $16

2025-03-06

Reason

Piper Sandler

Mark Lear

Price Target

$14 → $16

2025-03-06

Maintains

Hold

Reason

Piper Sandler

Mark Lear

Hold

Maintains

$15 → $14

2024-11-18

Reason

Piper Sandler

Mark Lear

Price Target

$15 → $14

2024-11-18

Maintains

Hold

Reason

Piper Sandler lowered the firm's price target on Black Stone Minerals to $14 from $15 and keeps a Neutral rating on the shares. The firm adjusted estimates and price targets across its exploration and production coverage coming out of the Q3 results. The analyst continues to see a trend of upstream "doing more with less" and projects pro-forma low single-digit oil growth in fiscal 2025, driven by mid-single-digit lower spending. While the macro outlook and investor sentiment is leaning toward gas equities, valuations remain more favorable for oil equities discounting a median $65 per barrel oil price compared to gas at $3.40, the analyst tells investors in a research note.

Piper Sandler

Mark Lear

Hold

Maintains

$17 → $15

2024-08-15

Reason

Piper Sandler

Mark Lear

Price Target

$17 → $15

2024-08-15

Maintains

Hold

Reason

Keybanc

Tim Rezvan

Hold

Initiates

n/a

2024-06-27

Reason

Keybanc

Tim Rezvan

Price Target

n/a

2024-06-27

Initiates

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Black Stone Minerals LP (BSM.N) is 10.45, compared to its 5-year average forward P/E of 10.31. For a more detailed relative valuation and DCF analysis to assess Black Stone Minerals LP 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

10.31

Current PE

10.45

Overvalued PE

12.13

Undervalued PE

8.48

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

8.65

Current EV/EBITDA

9.48

Overvalued EV/EBITDA

9.63

Undervalued EV/EBITDA

7.67

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

5.81

Current PS

6.32

Overvalued PS

6.75

Undervalued PS

4.88