Piper Sandler has revised its price target for Black Stone Minerals (BSM, Financial), reducing it from $16 to $15 while maintaining a Neutral rating for the stock. This adjustment comes as the firm navigates the complexities of current market conditions influenced by trade conflicts, macroeconomic uncertainties, and the increased supply from OPEC+.
The firm notes the potential for volatility to offer investment opportunities in companies with substantial low-cost inventory and robust balance sheets. However, given the recent trends, Piper Sandler expresses a slight preference for oil over gas as the sector moves into the first quarter. The firm believes that market reversion and investor positioning have notably influenced short-term performance for entities like Black Stone Minerals.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Black Stone Minerals LP (BSM, Financial) is $17.00 with a high estimate of $18.00 and a low estimate of $16.00. The average target implies an upside of 18.72% from the current price of $14.32. More detailed estimate data can be found on the Black Stone Minerals LP (BSM) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Black Stone Minerals LP's (BSM, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Black Stone Minerals LP (BSM, Financial) in one year is $14.47, suggesting a upside of 1.05% from the current price of $14.32. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Black Stone Minerals LP (BSM) Summary page.
