We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Black Stone Minerals (BSM) Moves 5.7% Higher: Will This Strength Last?
Read MoreHide Full Article
Black Stone Minerals (BSM - Free Report) shares rallied 5.7% in the last trading session to close at $14.35. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.5% gain over the past four weeks.
Black Stone Minerals continued its surge for the third straight day. The recent rise in oil prices due to fears over Russian crude supply disruptions primarily drove the stock. The sturdy increase in oil prices to more than $100 a barrel and natural gas surging to around $5.90 per MMBtu has boosted the energy space and contributed to the strength of Black Stone Minerals which is the owner and manager of oil and natural gas mineral interests in the U.S.
This partnership that owns mineral and royalty interests is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +106.3%. Revenues are expected to be $124.23 million, up 101.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Black Stone Minerals, the consensus EPS estimate for the quarter has been revised 9% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on BSM going forward to see if this recent jump can turn into more strength down the road.
Black Stone Minerals belongs to the Zacks Energy and Pipeline - Master Limited Partnerships industry. Another stock from the same industry, Hess Midstream Partners LP (HESM - Free Report) , closed the last trading session 0.5% lower at $30.06. Over the past month, HESM has returned -9.8%.
Hess Midstream Partners LP's consensus EPS estimate for the upcoming report has changed -12.7% over the past month to $0.56. Compared to the company's year-ago EPS, this represents a change of +30.2%. Hess Midstream Partners LP currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Black Stone Minerals (BSM) Moves 5.7% Higher: Will This Strength Last?
Black Stone Minerals (BSM - Free Report) shares rallied 5.7% in the last trading session to close at $14.35. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.5% gain over the past four weeks.
Black Stone Minerals continued its surge for the third straight day. The recent rise in oil prices due to fears over Russian crude supply disruptions primarily drove the stock. The sturdy increase in oil prices to more than $100 a barrel and natural gas surging to around $5.90 per MMBtu has boosted the energy space and contributed to the strength of Black Stone Minerals which is the owner and manager of oil and natural gas mineral interests in the U.S.
This partnership that owns mineral and royalty interests is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +106.3%. Revenues are expected to be $124.23 million, up 101.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Black Stone Minerals, the consensus EPS estimate for the quarter has been revised 9% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on BSM going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Black Stone Minerals belongs to the Zacks Energy and Pipeline - Master Limited Partnerships industry. Another stock from the same industry, Hess Midstream Partners LP (HESM - Free Report) , closed the last trading session 0.5% lower at $30.06. Over the past month, HESM has returned -9.8%.
Hess Midstream Partners LP's consensus EPS estimate for the upcoming report has changed -12.7% over the past month to $0.56. Compared to the company's year-ago EPS, this represents a change of +30.2%. Hess Midstream Partners LP currently boasts a Zacks Rank of #3 (Hold).