Black Stone Minerals, L.P. (BSM) Stock Analysis
Range Bound setup
Energy · Oil & Gas E&P
Wait for pullback to $13.60. BUY gates pass at $14.21, but concentration risk — Commodity: oil and condensate (52.0%) and value-trap signals (2/5): Revenue declining (-19.4% YoY), Material insider selling (6 sells, 0.04% of cap) argue for a more patient entry. Engine's entry $13.60 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum.
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... Read more
Wait for pullback to $13.60. BUY gates pass at $14.21, but concentration risk — Commodity: oil and condensate (52.0%) and value-trap signals (2/5): Revenue declining (-19.4% YoY), Material insider selling (6 sells, 0.04% of cap) argue for a more patient entry. Engine's entry $13.60 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: RSI 56 mid-range, Bollinger mid-band. Earnings in 3 days. Wait until post-earnings. Score 5.8/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Fails on earnings proximity 3d<=7d. Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCommodityoil and condensate52%10-K Item 1A: 'Approximately 52% of our 2025 oil and natural gas revenues were derived from oil and condensate sales'
- MEDIUMCommoditynatural gas and natural gas liquids48%10-K Item 1A: 'Approximately 48% of our 2025 oil and natural gas revenues were derived from natural gas and natural gas liquids sales'
- LOWGeographicShelby Trough10-K Item 1A: 'we generated 13% of our royalty revenues and 14% of our working interest revenues from three operators in the Shelby Trough area'
Material Events(8-K, last 90d)
- 2026-02-10Item 5.02LOWOn February 4, 2026, the Board of Black Stone Minerals GP appointed Anne Hamman to the Board and Audit Committee, effective immediately. Standard non-employee director compensation. No reason cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $13.60. BUY gates pass at $14.21, but concentration risk — Commodity: oil and condensate (52.0%) and value-trap signals (2/5): Revenue declining (-19.4% YoY), Material insider selling (6 sells, 0.04% of cap) argue for a more patient entry. Engine's entry $13.60 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: RSI 56 mid-range, Bollinger mid-band. Earnings in 3 days. Wait until post-earnings. Target $14.39 (+1.3%), stop $13.02 (−9.1%), Setup A.R:R 1.6:1. Score 5.8/10, moderate confidence.
Take-profit target: $14.39 (+6.4% upside). Target $14.39 (+1.3%), stop $13.02 (−9.1%), Setup A.R:R 1.6:1. Stop-loss: $13.02.
Concentration risk — Commodity: oil and condensate (52.0%); Value-trap signals (2/5): Revenue declining (-19.4% YoY), Material insider selling (6 sells, 0.04% of cap).
Black Stone Minerals, L.P. trades at a P/E of 11.2 (forward 12.7). TrendMatrix value score: 8.3/10. Verdict: Buy (Wait for Entry).
8 analysts cover BSM with a consensus score of 3.6/5.
What does Black Stone Minerals, L.P. do?Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It...
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.