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Tale of the Tape

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Why Black Stone Minerals (BSM) Could Be Positioned for a Surge?
September 27, 2016


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Black Stone Minerals, L.P. (BSM - Snapshot Report) is an oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BSM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Black Stone Minerals could be a solid choice for investors.

Current Quarter Estimates for BSM

In the past 30 days, estimates for Black Stone Minerals have increased from 12 cents a share, to 16 cents today, a move of 33.3%.

Current Year Estimates for BSM

Meanwhile, Black Stone Minerals’ current year figures are also looking quite promising, with estimates increasing from 20 cents per share 30 days ago to 31 cents per share today, an increase of 55%.

BLACK STONE MNL Price and Consensus

BLACK STONE MNL Price and Consensus | BLACK STONE MNL Quote

Bottom Line

The stock has also started to move higher lately, adding nearly 10% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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