BSM Price Prediction Next Week
Analysis and Insights
To predict the stock price of Black Stone Minerals (BSM) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Black Stone Minerals (BSM) recently reported its Q4 2024 earnings, with revenue of $83.73 million, down 56.1% year-over-year. Despite this, the company maintained its quarterly distribution of $0.375 per unit and expects positive growth in 2025 due to stronger gas pricing and increased activity in key areas. The company projects full-year production guidance of 38–41 MBoe/d, representing a 2% growth over 2024.
Technical Analysis:
The stock is currently trading at $15.32 with a neutral RSI of 58.10, indicating neither overbought nor oversold conditions. The MACD is slightly bullish at 0.10, suggesting weak upward momentum. Fibonacci levels indicate resistance at $15.44 and support at $14.77.
Price Prediction:
Based on the Fibonacci levels and current price action, BSM is expected to trade between $14.77 and $15.44 in the next trading week. The stock is likely to face resistance at $15.44, which may cap upside potential.
Buy/Sell Recommendation:
Given the current price near the lower end of the expected range and the company's positive 2025 outlook, it may be a good time to buy BSM stock, anticipating a move toward the resistance level of $15.44.
BSM Similar Chart Price Prediction
The price of BSM is predicted to go up -15.98%, based on the high correlation periods with FRO. The similarity of these two price pattern on the periods is 92.81%.
BSM
FRO
Down: -15.98%Similarity: 92.81%
BSM Revenue Forecast
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BSM Analyst's Forecast
Mark Lear
Piper Sandler
Hold
2024-11-18
Price Target
$15 → $14
Downside
-6.88%
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.
