Stifel Starts Black Stone Minerals (BSM) at Buy

September 6, 2016 7:46 AM EDT
Get Alerts BSM Hot Sheet
Price: $18.72 +3.43%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
Trade BSM Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Stifel initiates coverage on Black Stone Minerals (NYSE: BSM) with a Buy rating and a price target of $19.00.

Analyst Brian Brungardt, Jr. commented, "Black Stone Minerals LP (BSM) offers investors a geographically well diversified option for those seeking direct commodity exposure. Additionally, through the use of escalating minimum quarterly distributions (“MQD”) and subordinated units, we anticipate the partnership will be able to achieve the targeted 9% annual DPU growth through 2019. With units trading at a current yield of approximately 6.9% and an EV/NTM EBITDA multiple of 12.0x, we view the units attractively positioned and, in turn, are initiating coverage with a Buy rating and establishing a target price of $19.00"

For an analyst ratings summary and ratings history on Black Stone Minerals click here. For more ratings news on Black Stone Minerals click here.

Shares of Black Stone Minerals closed at $16.75 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities


Add Your Comment