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Black Stone Minerals (BSM) Flat As Market Sinks: What You Should Know
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In the latest trading session, Black Stone Minerals (BSM - Free Report) closed at $15.50, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 1.17%. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 2.45%.
Prior to today's trading, shares of the partnership that owns mineral and royalty interests had lost 10.04% over the past month. This has lagged the Oils-Energy sector's loss of 6.76% and the S&P 500's loss of 5.25% in that time.
Black Stone Minerals will be looking to display strength as it nears its next earnings release. On that day, Black Stone Minerals is projected to report earnings of $0.43 per share, which would represent year-over-year growth of 65.38%. Our most recent consensus estimate is calling for quarterly revenue of $162.97 million, down 9.17% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Black Stone Minerals. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.25% lower within the past month. Black Stone Minerals is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Black Stone Minerals is holding a Forward P/E ratio of 7.14. This represents a discount compared to its industry's average Forward P/E of 10.27.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Black Stone Minerals (BSM) Flat As Market Sinks: What You Should Know
In the latest trading session, Black Stone Minerals (BSM - Free Report) closed at $15.50, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 1.17%. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 2.45%.
Prior to today's trading, shares of the partnership that owns mineral and royalty interests had lost 10.04% over the past month. This has lagged the Oils-Energy sector's loss of 6.76% and the S&P 500's loss of 5.25% in that time.
Black Stone Minerals will be looking to display strength as it nears its next earnings release. On that day, Black Stone Minerals is projected to report earnings of $0.43 per share, which would represent year-over-year growth of 65.38%. Our most recent consensus estimate is calling for quarterly revenue of $162.97 million, down 9.17% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Black Stone Minerals. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.25% lower within the past month. Black Stone Minerals is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Black Stone Minerals is holding a Forward P/E ratio of 7.14. This represents a discount compared to its industry's average Forward P/E of 10.27.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.