Black Stone Minerals L.P (NYSE:BSM) shares traded 0.07% higher at $15.13 on Wall Street last session.
BSM stock price is now 2.45% away from the 50-day moving average and -0.23% away from the 200-day moving average. The market capitalization of the company currently stands at $3.19B.
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, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Carter Thomas L Jr, CEO, President, and Chairman bought 100,000 shares of the company’s stock on Sep 06 ’24. The stock was bought for $1,411,800 at an average price of $14.12. Upon completion of the transaction, the CEO, President, and Chairman now directly owns 3,133,128 shares in the company, valued at $47.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, SVP, Chief Commercial Officer Clark Carrie Pearson sold 18,532 shares of the business’s stock. A total of $274,957 was realized by selling the stock at an average price of $14.84. This leaves the insider owning 116,923 shares of the company worth $1.77 million. A total of 17.10% of the company’s stock is owned by insiders.
During the past 12 months, Black Stone Minerals L.P has had a low of $13.78 and a high of $16.92. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.60, and a quick ratio of 4.60. The fifty day moving average price for BSM is $14.7682 and a two-hundred day moving average price translates $15.16465 for the stock.
The latest earnings results from Black Stone Minerals L.P (NYSE: BSM) was released for 2024-09-30. The net profit margin was 81.50% and return on equity was 42.80% for BSM. The company reported revenue of $134.86 million for the quarter, compared to $109.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.82 percent.
