BSM Stock Summary and Trading Ideas (Black Stone Minerals LP Common Units Representing Limited Partner Interests | NYSE:BSM)

Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.

Black Stone Minerals LP Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol BSM.

As of April 24, 2024, BSM stock price climbed to $15.84 with 352,974 million shares trading.

BSM has a beta of 0.44, meaning it tends to be less sensitive to market movements. BSM has a correlation of 0.07 to the broad based SPY ETF.

BSM has a market cap of $3.33 billion. This is considered a Mid Cap stock.

Last quarter Black Stone Minerals LP Common Units Representing Limited Partner Interests reported $191 million in Revenue and $.65 earnings per share. This beat revenue expectation by $53 million and exceeded earnings estimates by $.16.

In the last 3 years, BSM stock traded as high as $20.24 and as low as $9.47.

The top ETF exchange traded funds that BSM belongs to (by Net Assets): DIV, ZIG, CVY, DSMC, VRAI.

BSM has underperformed the market in the last year with a price return of +4.8% while the SPY ETF gained +24.3%. BSM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.8% and -4.8%, respectively, while the SPY returned +4.6% and -2.6%, respectively.

BSM support price is $15.53 and resistance is $15.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BSM stock will trade within this expected range on the day.