Barclays Keeps a Buy Rating on Black Stone Minerals

By Jason Carr

Barclays analyst Jeffrey Robertson maintained a Buy rating on Black Stone Minerals (NYSE: BSM) on May 17 and set a price target of $19. The company’s shares closed yesterday at $16.68.

According to, Robertson is a 4-star analyst with an average return of 3.3% and a 47.4% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Quicksilver Resources Inc, and Whiting Petroleum Corp.

Black Stone Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $20.

Black Stone Minerals’ market cap is currently $3.22B and has a P/E ratio of 48.70. The company has a book value ratio of 4.5180.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BSM in relation to earlier this year. Earlier this month, Thomas L. Carter, the Pres., CEO & COB of BSM bought 17,600 shares for a total of $298,216.

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Black Stone Minerals LP engages in oil and natural gas mineral interests in the United States. The company markets its mineral assets for lease and promotes structuring to encourage and accelerate drilling activity; and participates alongside its lessees on a working-interest basis. Black Stone Minerals was founded in 1876 and is headquartered in Houston, TX.