Black Stone Minerals (BSM) Valuation - July 5
Posted: Tue Jul 05, 2022 3:32 pm
BSM was trading at $13.63 at the time of this post.
It is more exposed to natual gas prices than our other three minerals companies, so I've lowered my valuation by $0.50 to $18.50.
TipRanks: "In the last 3 months, 6 ranked analysts set 12-month price targets for BSM. The average price target among the analysts is $19.33."
Based on my forecast, 2022 cash distributions should be $1.70 for the year. The Q1 distribution was $0.40, compared to $0.27 for Q4 2021.
BSM is an MLP.
It is more exposed to natual gas prices than our other three minerals companies, so I've lowered my valuation by $0.50 to $18.50.
TipRanks: "In the last 3 months, 6 ranked analysts set 12-month price targets for BSM. The average price target among the analysts is $19.33."
Based on my forecast, 2022 cash distributions should be $1.70 for the year. The Q1 distribution was $0.40, compared to $0.27 for Q4 2021.
BSM is an MLP.