Black Stone Minerals (BSM) Gets a Buy Rating from Raymond James

In a report released today, John Freeman from Raymond James maintained a Buy rating on Black Stone Minerals (BSMResearch Report). The company’s shares closed last Tuesday at $10.62.

According to, Freeman is a 3-star analyst with an average return of 4.4% and a 43.9% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Occidental Petroleum.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Black Stone Minerals with a $10.50 average price target, a 4.4% upside from current levels. In a report issued on April 26, Citigroup also maintained a Buy rating on the stock with a $11.00 price target.

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Black Stone Minerals’ market cap is currently $2.15B and has a P/E ratio of 21.40. The company has a Price to Book ratio of 2.01.

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Black Stone Minerals LP is an exploration company. The firm engages in the exploration of oil and natural gas minerals. It focuses in the operation of Louisiana-Mississippi Salt Basins, Western Gulf, Permian Basin, Palo Duro Basin, East Texas Basin, Anadarko Basin, Appalachian Basin, Arkoma Basin, Bend Arch-Fort Worth, and Southwestern Wyoming. The company was founded in 1876 and is headquartered in Houston, TX.