Black Stone Minerals (BSM) Valuation - July 5

Black Stone Minerals (BSM) Valuation - July 5

Postby dan_s » 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.
Dan Steffens
Energy Prospectus Group
dan_s
 
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