Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Black Stone Minerals LP
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.… Read full Trend Edge analysis →
Sector: Energy
Industry: Oil & Gas E&P
Exchange: NYSE
IPO Date: May 1, 2015
Headquarters: 1001 Fannin Street, Houston, TX, United States, 77002
Founder-Led: Yes — W.T. Carter (Executive Chairman of the Board)
Key Metrics
Current Price
$13.28
Market Cap
$2.95B
Float
177.9M
Shares Outstanding
212.5M
P/E (Forward)
7.17
P/E (TTM)
10.93
Price/Sales (TTM)
7.19
vs. Analyst Target
+5.4% to analyst PT
Profit Margin
72.47%
Operating Margin (TTM)
14.16%
Revenue (TTM)
$410M
Earnings Growth (YoY)
-30.50%
Dividend Rate
1.2%
Analyst Target Price
$14.00 (3 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$297M
$122M
$157M
$215M
2021
$506M
$182M
$382M
$249M
2022
$784M
$476M
$658M
$531M
2023
$501M
$423M
$387M
$471M
2024
$439M
$271M
$335M
$320M
2025
$422M
$300M
$316M
$347M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$107M
$120M
Sep 2025
$77.9M
$91.7M
Dec 2025
$95.2M
$72.2M
Mar 2026
$188M
$13.3M
Ownership & Float
Insider Ownership
20.8%
Institutional Ownership
18.6%
Short Float
2.1%
% of All Funds Holding
2.20%
Number of Funds Holding
181
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$14.04
Near-term / short-term trend
Weekly
40-Week SMA
$13.90
Medium-term trend
Weekly
80-Week SMA
$13.99
Cyclical trend (business cycle)
Weekly
200-Week SMA
$15.30
Secular trend (multi-year)
Monthly
10-Month SMA
$13.84
Near-term monthly trend
Monthly
20-Month SMA
$14.05
Medium-term monthly trend
Monthly
40-Month SMA
$15.11
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$12.10
support
1.03x
7 months ago
$15.30
resistance
1.55x
16 months ago
Historical Earnings Reactions (45 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
0.57%
0.22%
57.78%
9.93%
-2.56%
1 Day
0.10%
-0.24%
40.00%
8.69%
-4.37%
1 Week
-0.19%
-1.37%
33.33%
20.33%
-7.09%
2 Weeks
-0.74%
-1.12%
42.22%
23.33%
-27.32%
1 Month
-0.10%
-1.13%
45.45%
41.49%
-51.51%
Next earnings: July 24, 2026 (56 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
3.0%
54.5%
11
Feb
-2.2%
45.5%
11
Mar
-2.5%
54.5%
11
Apr
7.7%
63.6%
11
May
-2.5%
45.5%
11
Jun
-1.5%
45.5%
11
Jul
0.1%
45.5%
11
Aug
0.9%
45.5%
11
Sep
1.2%
45.5%
11
Oct
0.9%
45.5%
11
Nov
2.6%
54.5%
11
Dec
-4.8%
18.2%
11
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
0.02%
52.9%
520
Tuesday
0.03%
50.5%
574
Wednesday
-0.08%
48.1%
570
Thursday
-0.03%
49.5%
560
Friday
0.11%
50.3%
559
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 18.6%
Insider Transactions — Smart Summary
Total insider ownership: 20.8%
Founder-led management: W.T. Carter (Executive Chairman of the Board)
Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Black Stone Minerals LP
(BSM) powered by Claude Opus — Anthropic's most capable AI model.
The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
volume shelf support and resistance, breakout and breakdown signals),
qualitative analysis (business model, competitive moat, sector dynamics),
insider sentiment (buy and sell signals from executive and director transactions),
share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit,
stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward.
Whether you are building a long position, initiating a short, or looking for a reversal setup,
AI Consult identifies the highest-probability signal from the current trend.