Black Stone Minerals now expects 2022 production to come in at the low end of guidance due to well delays. See why we are bullish on BSM stock.
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KeyBanc analysts started covering the minerals industry with Overweight ratings for Black Stone Minerals (BSM) and Viper Energy Partners (VNOM)
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Back in August, I made the argument why now’s the right time to buy safe stocks . Just over a month later, this continues to be the case. The volatility and uncertainty that has rocked the stock market so far in 2022 doesn’t show many signs of letting up anytime soon. The Federal Reserve continues to raise interest rates. This is likely to continue, as interest rates remain at multi-decade highs. Climbing interest rates are likely to continue putting pressure on the speculative stocks that thrived during the 2020/2021 bull market. Along with hurting the market, according to the World Bank, this raising of interest rates by the Fed and other central banks is raising the chances of a global recession. This could affect the operating results of many companies (both established and early-stage), also challenging a recovery for stocks. Nevertheless, the discouraging prospect of more pain ahead doesn’t mean you need to sit in cash. Your better option is to stay invested, but go on the defensive.
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Black Stone Minerals saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before.
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Black Stone Minerals, L.P. with ticker code (BSM) have now 5 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 23 and 17 calculating the mean target price we have 20. Given that the stocks previous close was at 16.25 this indicates there is a potential upside of 23.1%. The 50 day MA is 14.63 and the 200 day moving average is 13.33. The company has a market capitalisation of $3,424m. You can visit the company''s website by visiting: https://www.blackstoneminerals.com [stock_market_widget type="chart" template="basic" color="green" assets="BSM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $4,214m based on the market concensus. Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.
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Cathie Wood’s Views Draw Flak on Twitter (TipRanks) In the latest episode of In The Know, renowned hedge fund manager Cathie Wood discussed her reasons for believing that the economy is already in a recession. The CEO and CIO of ARK Invest funds invest in disruptive technology stocks as a means to fight inflation. Cathie […]
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Black Stone Minerals, L.P. (NYSE:NYSE:BSM) Q2 2022 Earnings Conference Call August 02, 2022 10:00 AM ET Company Participants Evan Kiefer - Vice President, Finance & Investor Relations.
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Black Stone Minerals (NYSE: BSM ) reported its Q2 earnings results on Monday, August 1, 2022 at 05:15 PM. Here''s what investors need to know about the announcement. Earnings Black Stone Minerals beat estimated earnings by 59.46%, reporting an EPS of $0.59 … Full story available on Benzinga.com
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HOUSTON (AP) _ Black Stone Minerals LP (BSM) on Monday reported second-quarter earnings of $131.8 million. On a per-share basis, the Houston-based company said it had net income of 59 cents. Earnings, adjusted for non-recurring gains, were 43 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. The partnership that owns mineral and royalty interests posted revenue of $180.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $156.1 million. Black Stone Minerals shares have risen 46% since the beginning of the year. In the final minutes of trading on Monday, shares hit $15.07, a climb of 42% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSM at https://www.zacks.com/ap/BSM
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Black Stone Minerals, press release (BSM): Q2 Non-GAAP EPS of $0.05 misses by $0.35.Revenue of $140.72M (+37.5% Y/Y) beats by $1.87M.Shares -1.86% AH.
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Black Stone Minerals (NYSE: BSM ) is set to give its latest quarterly earnings report on Monday, 2022-08-01. Here''s what investors need to know before the announcement. Analysts estimate that Black Stone Minerals will report an earnings per share (EPS) of $0.37. Black Stone Minerals bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, … Full story available on Benzinga.com
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https://www.investing.com/news/pro/black-stone-minerals-pt-raised-to-22-at-jones-trading-432SI-2857094
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Black Stone Minerals, declares $0.42 dividendBlack Stone Minerals, declares $0.42 dividend
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Black Stone should benefit from surging natural gas prices. Hedging losses will have an impact on 2022 results. See why BSM''s 2023 distributable cash flow may be significantly higher.
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Black Stone Minerals, L.P. with ticker code (BSM) have now 5 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 22 and 17 with the average target price sitting at 19.6. Given that the stocks previous close was at 13.45 this would indicate that there is a potential upside of 45.7%. There is a 50 day moving average of 14.95 and the 200 day MA is 12.9. The market capitalisation for the company is $2,906m. You can visit the company''s website by visiting: https://www.blackstoneminerals.com [stock_market_widget type="chart" template="basic" color="green" assets="BSM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $4,235m based on the market concensus. Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.
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Black Stone Minerals, L.P. found using ticker (BSM) now have 6 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 22 and 17 and has a mean target at 19.5. Now with the previous closing price of 13.96 this indicates there is a potential upside of 39.7%. There is a 50 day moving average of 15.16 and the 200 day moving average is 12.84. The market cap for the company is $2,913m. Find out more information at: https://www.blackstoneminerals.com [stock_market_widget type="chart" template="basic" color="green" assets="BSM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $4,069m based on the market concensus. Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.
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Black Stone Minerals'' year-to-date returns have outpaced its peers by a wide margin. Read more to find out why the market is correctly rewarding BSM.
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Black Stone Minerals, L.P. found using ticker (BSM) now have 6 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 22 and 17 with the average target price sitting at 19.33. With the stocks previous close at 13.24 this would indicate that there is a potential upside of 46.0%. The 50 day moving average now sits at 15.39 and the 200 moving average now moves to 12.71. The market capitalisation for the company is $2,823m. Find out more information at: https://www.blackstoneminerals.com [stock_market_widget type="chart" template="basic" color="green" assets="BSM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $4,121m based on the market concensus. Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.
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Black Stone Minerals has 10% distribution yield. BSM has exposure to a rapidly growing area of the Haynesville shale play and there are many paths to unlock value.
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Analysts have provided the following ratings for Black Stone Minerals (NYSE: BSM ) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 1 0 0 These 5 analysts have an average price target of $17.6 versus the current price of Black Stone Minerals at $15.013, implying upside. Below is a summary of how these 5 analysts rated Black Stone Minerals over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the … Full story available on Benzinga.com
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Black Stone Minerals, L.P. with ticker code (BSM) now have 6 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 21 and 16 calculating the average target price we see 18. With the stocks previous close at 14.91 this is indicating there is a potential upside of 20.7%. The 50 day moving average now sits at 14.35 while the 200 day moving average is 12.11. The company has a market capitalisation of $3,137m. Find out more information at: https://www.blackstoneminerals.com [stock_market_widget type="chart" template="basic" color="green" assets="BSM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,787m based on the market concensus. Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.
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Related Stocks: DFH , DISCK , BSM , NC , ALLY , ARCH ,
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Black Stone Minerals expects Carrie Clarks acumen in leading teams will further strengthen its land and land administration groups, says the companys chairman and CEO, Thomas L. Carter Jr.
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Black Stone Minerals, L.P. with ticker code (BSM) have now 7 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 15 and 11 with the average target price sitting at 12.29. Given that the stocks previous close was at 10.99 this now indicates there is a potential upside of 11.8%. The day 50 moving average is 10.24 and the 200 day moving average is 9.32. The company has a market cap of $2,237m. Company Website: /> [stock_market_widget type="chart" symbol="BSM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2020, the company had a total estimated proved oil and natural gas reserves of 55,987 barrels of oil equivalent.
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone or the Company) today announced that Carrie P. Clark will join the Companys executive team as Senior Vice President, Land & Legal on August 2, 2021. In that role, she will oversee Black Stones Land and Land Administration groups. Steve Putman will continue in his current role as Senior Vice President, General Counsel, and Secretary. Thomas L. Carter, Jr., Black Stones Chairman and Chief Executive Officer, c
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Black Stone Minerals, L.P. with ticker code (BSM) have now 7 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 15 and 10 calculating the average target price we see 12.14. With the stocks previous close at 10.07 this indicates there is a potential upside of 20.6%. There is a 50 day moving average of 10.17 and the 200 day moving average is 8.95. The market cap for the company is $2,171m. Visit the company website at: /> [stock_market_widget type="chart" symbol="BSM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2020, the company had a total estimated proved oil and natural gas reserves of 55,987 barrels of oil equivalent.
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Black Stone Minerals, L.P. with ticker code (BSM) have now 7 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 15 and 10 calculating the average target price we see 12. With the stocks previous close at 9.82 this now indicates there is a potential upside of 22.2%. The 50 day MA is 10.1 while the 200 day moving average is 8.77. The market cap for the company is $2,055m. Visit the company website at: /> [stock_market_widget type="chart" symbol="BSM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2020, the company had a total estimated proved oil and natural gas reserves of 55,987 barrels of oil equivalent.
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Black Stone Minerals, L.P. with ticker code (BSM) have now 7 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 15 and 10 calculating the average target price we see 12. Now with the previous closing price of 10 this is indicating there is a potential upside of 20.0%. The day 50 moving average is 9.99 and the 200 day moving average is 8.66. The market cap for the company is $2,053m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="BSM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2020, the company had a total estimated proved oil and natural gas reserves of 55,987 barrels of oil equivalent.
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Black Stone Minerals, L.P. found using ticker (BSM) now have 7 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 14 and 10 calculating the mean target price we have 11.71. Given that the stocks previous close was at 9.96 this would indicate that there is a potential upside of 17.6%. The day 50 moving average is 9.19 and the 200 day moving average is 7.69. The market cap for the company is $2,103m. Company Website: /> [stock_market_widget type="chart" symbol="BSM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2020, the company had a total estimated proved oil and natural gas reserves of 55,987 barrels of oil equivalent.
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Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone or the Company) today announced its participation in the Citi 2021 Global Energy and Utilities Virtual Conference on May 12, 2021. Black Stone management will conduct one-on-one meetings with investors at the conference. Updated presentation materials will be made available in the Investor Relations section of the Black Stone Minerals
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Related Stocks: BSM ,
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RBC Capital Stick to Their Hold Rating for Black Stone Minerals
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “Black Stone,” or “the Company”) today announces its financial and operating results for the fourth quarter and full year of 2020 and provides guidance for 2021. Fourth Quarter 2020 Highlights Mineral and royalty production for the fourth quarter of 2020 equaled 32.0 MBoe/d, an increase of 3% over the prior quarter; total production, including working interest volumes, was 39.0 MBoe/d for the quarter. Net
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Black Stone Minerals announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
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Black Stone Minerals (NYSE:BSM) announces its next round of earnings this Monday, February 22. Here is Benzinga's everything-that-matters guide for this …
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Raymond James Stick to Their Buy Rating for Black Stone Minerals
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today declared the distribution attributable to the fourth quarter of 2020. Additionally, the Partnership announced the date of its fourth quarter 2020 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the fourth quarter of 2020 of $0.175 per unit. This represents an increase of approximately 17
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the third quarter of 2020. Highlights Total mineral and royalty production for the third quarter of 2020 equaled 31.1 MBoe/d, a decrease of 8.6% over the prior quarter; total production, including working interest volumes, was 37.9 MBoe/d for the quarter. Net income and Adjusted EBITDA for the quarter totaled $23.7 mil
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On Monday, November 02, Black Stone Minerals (NYSE: BSM) will release its latest earnings report. Here is Benzinga's outlook for the company. What …
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Black Stone Minerals LP (NYSE:BSM) – Research analysts at KeyCorp reduced their Q1 2021 earnings estimates for Black Stone Minerals in a research note issued to investors on Tuesday, October 20th. KeyCorp analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.13 for the quarter, down from […]
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Black Stone Minerals (NYSE:BSM) was upgraded by equities researchers at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Anlyst Ratings reports. The firm currently has a $9.00 target price on the oil and gas producer’s stock. Raymond James’ target price indicates a […]
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Raymond James upgraded shares of Black Stone Minerals (NYSE:BSM) from an outperform rating to a strong-buy rating in a research note released on Wednesday, AR Network reports. The brokerage currently has $9.00 price objective on the oil and gas producer’s stock. A number of other analysts also recently issued reports on BSM. ValuEngine downgraded shares […]
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Black Stone Minerals (NYSE:BSM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports. According to Zacks, “Black Stone Minerals, L.P. is the owner of oil and natural gas mineral primarily in the United States. Black Stone Minerals, L.P. is based in […]
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Black Stone Minerals (NYSE:BSM) was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report issued on Wednesday, Benzinga reports. The firm currently has a $9.00 price target on the oil and gas producer’s stock. Raymond James’ price objective would indicate a potential upside of 45.16% from […]
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2020. Highlights Total mineral and royalty production for the second quarter of 2020 equaled 34.0 MBoe/d, a decrease of 7.3% over the prior quarter; total production, including working interest volumes, was 42.6 MBoe/d for the quarter. Net income (loss) and Adjusted EBITDA for the quarter totaled
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today announced an update on the two previously announced asset sales and declared the distribution attributable to the second quarter of 2020. Additionally, the Partnership announced the date of its second quarter 2020 earnings call. Update on Asset Sales On July 21, 2020, the Company closed on the previously announced sale of undivided interests across parts of Black Stone’s Delaware and
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today announced it has entered into a new incentive agreement with XTO Energy Inc. (“XTO”) with respect to certain drilled but uncompleted wells (“DUCs”) in the Company’s Shelby Trough acreage in San Augustine County, Texas. The agreement allows for royalty relief on 13 existing DUCs if XTO completes and turns the wells to sales by March 31, 2021, and complements the recent development agre
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HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today announced it has entered into two separate agreements to sell certain mineral and royalty properties in the Permian Basin for gross proceeds totaling approximately $155 million. One of these agreements involves the sale of Black Stone’s mineral and royalty interests in specific tracts in Midland County, Texas to a private buyer for gross proceeds of approximately $55 million. The effe
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Black Stone Minerals (BSM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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