Added to YB: 2024-07-10
Pitch date: 2024-07-09
BSM [bullish]
Black Stone Minerals, L.P.
+9.78%
current return
Author Info
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests.
Market Cap
$2.9B
Pitch Price
$13.27
Price Target
N/A
Dividend
10.74%
EV/EBITDA
10.25
P/E
12.17
EV/Sales
7.67
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Show full summary:
Drill Baby Drill, or Else: Black Stone Minerals $BSM
BSM: Oil/gas royalty LP w/ 7.4M net acres in Permian, Haynesville, Bakken. 60% 2024 nat gas hedged at $3.55/mmbtu. 1.22x dividend coverage after cut to $1.50/yr. Active acreage marketing, strategic power over operators. 63/620 US rigs on BSM land. CEO buying. $15.60/sh, 9.6% yield. LNG export growth potential. Options strategy for 10%+ yield.
Read full article (4 min)