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Why Black Stone (BSM) Could Be Positioned for a Surge

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Black Stone Minerals, L.P. (BSM - Free Report) is an oil and natural gas mineral owning 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 could be a solid choice for investors.

Current Quarter Estimates for BSM

In the past 30 days, 1 estimate has gone higher for Black Stone while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates with estimates increasing from 13 cent a share 30 days ago, to 18 cents today, a move of 38.5%.

Current Year Estimates for BSM

Meanwhile, Black Stone’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 17 cents per share 30 days ago to 32 cents per share today, an increase of 88.2%.

BLACK STONE MNL Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 5.3% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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