Insider buying last 90 days
No open-market insider purchases were filed for BSM in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every BSM insider filing, plotted on the chart in Gekko.Open BSM in Gekko
NYSE: BSM
Black Stone Minerals (BSM) Stock Analysis & Forecast
Oct 12 close
$14.84+0.03 (+0.2%)
Gekko Brief
AI summaryOct 12 closeBlack Stone Minerals this week drew attention around its Q2 2026 results, which showed revenue of $148.97 million and net income of $106.36 million, beating analyst consensus estimates, alongside a distribution increase of 7% to $1.28 annualized. Separate insider filings disclosed that directors D. Mark DeWalch and William E. Randall each received common units, 1,309 and 1,571 respectively, in lieu of cash retainer payments at $14.32 per unit, part of standing board compensation arrangements rather than open-market purchases.
BSM closed at $14.84, up 0.2%, sitting above both its 50-day average of $14.68 and its 200-day average of $14.42, with the shorter average above the longer one. The GekkoIndex reads 52.8, placing the stock in the Neutral zone after a 6.1 move over the past five sessions. Against Gekko Fair Value of $21.73, the current price sits 31.7% below that level.
Earnings are scheduled for 2 November 2026, 21 days away, falling inside a typical 20-trading-day holding window; the prior quarter's report produced a -1.1% reaction despite an EPS beat of $0.47 versus a $0.22 estimate. No insider, Congress or unusual options activity appears in the respective windows. Seasonally, the next 20 trading days have averaged a 4% move over 5 years, rising in 3 of them, a pattern worth noting heading into the report.
Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.
Black Stone Minerals price vs fair value
Close $14.84200-day averageGekko Fair Value $21.73
Black Stone Minerals quick facts
- Market cap
- $3.15B
- P/E ratio
- 12.2
- Forward P/E
- 12.3
- EPS, TTM
- $1.20
- Revenue, TTM
- $423.6M
- Profit margin
- 66.9%
- Dividend yield
- 8.32%
- Beta
- 0.12
- Volume
- 650,556 avg 344,119
- 1-year return
- +12.8%
- Typical daily move
- ±1.6%
- Typical 20-day move
- ±3.8%
- 50-day average
- $14.68
- 200-day average
- $14.42
- Next earnings
- Nov 2
- Shares outstanding
- 212.7M
Black Stone Minerals swing-trade checklist
Black Stone Minerals scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
- Trendsupportive
Above 50 and 200-day
Close $14.84 is above the 50-day ($14.68) and 200-day ($14.42) averages, and the 50-day is above the 200-day.
See the chart - GekkoIndexmixed
52.8, Neutral
Reading 52.8 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
31.7% below
Price is 31.7% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings riskheadwind
Reports in 21 days
Reports on Nov 2, 2026, 21 days away — inside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+4.0% on average
From this point in the calendar, the next 20 trading days averaged +4% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Black Stone Minerals stock chart and price history
Black Stone Minerals closed at $14.84 on Oct 12, 2026, +12.8% over the past year, inside a 52-week range of $12.32 to $15.49.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −1.0%
- 3 months
- +3.6%
- 6 months
- +6.8%
- 1 year
- +12.8%
The full BSM chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open BSM in Gekko
Follow Black Stone Minerals through every session
Put BSM on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.
Track BSM in GekkoFree for 7 days. No credit card required.
About Black Stone Minerals
Black Stone Minerals owns and actively manages mineral interests tied to oil and natural gas production. Its holdings span a large footprint of mineral acreage along with nonparticipating royalty interests and overriding royalty interests, spread across dozens of states in the United States. The company is best known for this scale of mineral ownership rather than for operating wells itself.
Rather than drilling or producing directly, Black Stone Minerals earns from the interests it holds in underlying oil and gas properties, benefiting from royalties and related rights tied to extraction carried out by operators on its acreage. Its business centers on managing this large base of mineral and royalty positions across many states.
Black Stone Minerals traces its founding back to 1876 and is headquartered in Houston, Texas. Its units are listed on the NYSE under the ticker BSM.
- Listed
- NYSE
- Sector
- Miscellaneous
- Industry
- Investment trusts/Mutual funds
- Website
- blackstoneminerals.com
Black Stone Minerals GekkoIndex: the smart money zone
Black Stone Minerals’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 52.8, in the Neutral zone, down 6.1 points over five sessions.
52.8Neutral
Down 6.1 points over five sessions.
Reading for Oct 12, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 45 | +1.1% | +0.9% | ||
| Accumulation | 225 | +0.6% | +1.3% | ||
| Neutral (current zone) | 390 | −0.5% | −1.0% | ||
| Distribution | 18 | −0.8% | −2.9% | ||
| Selling | 4 | Too few readings yet | |||
Average BSM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the BSM price, zone by zone.Track BSM in Gekko
Is Black Stone Minerals stock overvalued? Gekko Fair Value
Black Stone Minerals trades 31.7% below Gekko Fair Value of $21.73, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Black Stone Minerals shares are worth, recalculated every trading day.
$21.73
Gekko Fair Value, Oct 9, 2026
31.7% Undervalued
At the end of Aug 2026 the price was 39.8% below the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open BSM in Gekko
Black Stone Minerals insider and Congress trading
No open-market insider purchases were filed for Black Stone Minerals, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in BSM were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for BSM, plotted on the chart in Gekko.Open BSM in Gekko
Buybacks
Black Stone Minerals has been buying back its own shares.
- Bought back, quarter ended Mar 31, 2026
- $2.34M
- As a share of market cap
- 0.07%
From company filings.
Hedge funds and billionaires quarter ended Dec 31
0of the funds Gekko tracks hold BSM.
0added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko
Black Stone Minerals earnings: next date and track record
Black Stone Minerals reports on Nov 2, 2026 (21 days away), and beat the EPS estimate in 5 of its last 8 reports.
Next earnings report
Nov 2, 2026
21 days away
- EPS estimate
- $0.26
- Revenue estimate
- $114.0M
5 of 8reports beat the EPS estimate
±1.7%average move across the report
5 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 3, 2026 AI summary
- What they said
- Black Stone Minerals reported progress in Q2 2026 with active development across the Shelby Trough and Haynesville expansion, continued mineral and royalty acquisitions (~$40 million in the quarter and ~$300 million since program launch), meaningful leasing and lease-bonus income (~$13 million YTD), and refunds from lease provision reviews (~$6.5 million). Management announced a 7% increase in the quarterly distribution to $0.32 (annualized $1.28) with 1.18x coverage. Production averaged 32.5 MBoe/day for mineral royalty production and 33.5 MBoe/day total, down from Q1 driven by lower Haynesville gas volumes, while realized prices (ex-derivatives) rose to $37.82/BoE, supported by strong oil performance. Financial results included net income of ~$106 million, adjusted EBITDA of $91 million, and distributable cash flow of $80 million. Management remains constructive about near- and medium-term activity, citing rig count increases in Shelby Trough, operator development programs (Adamas, Revenant, Caturus) and potential new operator agreements. They signaled continued capital deployment into acquisitions and asset management while evaluating capital structure (including $300 million of preferred securities).
- Guidance
- No formal numeric forward-looking revenue or EPS guidance was provided. Management did provide operational expectations: Adamas turned 4 wells to sales in July with another 8 wells expected online during the remainder of 2026 and Adamas plans to drill 17 wells under the new program year beginning in July. Revenant spud two additional wells despite a reduced first-year commitment. Caturus has a pilot well underway and expects to begin development drilling in H2 2026. Management expects a ramp in production as contracted development programs progress and indicated confidence in sustaining the $0.32 quarterly distribution, targeting continued distribution growth over time.
- Risks flagged
- Mentioned risks and challenges include quarter-to-quarter production variability and 'lumpy' gas volumes (Haynesville), a previously disclosed Revenant well-control incident that reduced its drilling commitment, exposure to commodity price volatility (especially gas), dependence on operator activity to convert activity to production, and capital structure considerations including $300 million of preferred securities that will need to be addressed in the coming windows. Management also referenced the standard cautionary statements in the 2025 10-K and press release.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 3, 2026 | $0.47 est $0.22 | $149.0M est $108.3M | −1.1% |
| May 4, 2026 | $0.28 est $0.29 | $59.36M est $107.4M | −3.9% |
| Feb 23, 2026 | $0.31 est $0.27 | $118.7M est $98.44M | +1.1% |
| Nov 3, 2025 | $0.40 est $0.28 | $77.90M est $98.08M | +1.1% |
| Aug 4, 2025 | $0.53 est $0.30 | $106.7M est $119.1M | +1.4% |
| May 5, 2025 | $0.31 est $0.32 | $115.3M est $117.0M | −3.6% |
| Feb 24, 2025 | $0.33 est $0.33 | $104.3M est $115.5M | +1.1% |
| Nov 4, 2024 | $0.41 est $0.35 | $103.2M est $122.0M | +0.3% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Black Stone Minerals stock forecast and analyst price targets
Analysts’ average 12-month price target for Black Stone Minerals is $16.00, +7.8% from the last close.
$16.00consensus 12-month target, +7.8% from the last close
−1.0%average 20-day move after past Neutral readings
+4.0%average move over the next 20 trading days in the last 5 years
±1.6%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Black Stone Minerals seasonality: the next 20 trading days
Over the next 20 trading days from Oct 10, Black Stone Minerals averaged +4.0% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | −0.7% | 1 of 5 |
| Next 10 trading days | +0.6% | 3 of 5 |
| Next 15 trading days | +2.4% | 4 of 5 |
| Next 20 trading days | +4.0% | 3 of 5 |
| Next 30 trading days | +1.4% | 2 of 5 |
For scale, BSM’s typical 20-trading-day move in either direction is about 3.8%.
Black Stone Minerals market cap and key statistics
Black Stone Minerals’s market cap is $3.15B, with a P/E ratio of 12.2 and revenue of $423.6M over the last twelve months.
Valuation
- Market cap
- $3.15B
- P/E ratio
- 12.2
- Forward P/E
- 12.3
- EPS, TTM
- $1.20
- Gekko Fair Value
- $21.73
Trading
- Volume
- 650,556
- Avg volume, 20 days
- 344,119
- 52-week high
- $15.49
- 52-week low
- $12.32
- Shares outstanding
- 212.7M
Financials
- Revenue, TTM
- $423.6M
- Profit margin
- 66.9%
- Return on equity
- 25.6%
- Quarterly earnings growth, YoY
- −12.0%
Risk and income
- Beta
- 0.12
- Typical daily move
- ±1.6%
- Typical 20-day move
- ±3.8%
- Dividend yield
- 8.32%
Black Stone Minerals stock news this week
Coverage of Black Stone Minerals this week reads neutral: 2 positive, 4 neutral and 1 negative headlines.
- Form 4 Black Stone Minerals For: 12 October By Investing.comInvesting.com Nigeria, Oct 12
- Black Stone Minerals, L.P. (BSM) Stock Price, News, Quote & HistoryYahoo! Finance Canada, Oct 10
- Black Stone Minerals (NYSE:BSM) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?Defense World, Oct 10
- Black Stone Minerals Q3 2026 Earnings Date and EstimatesMarketBeat, Oct 8
- Black Stone Minerals: The Payout Is Growing AgainSeeking Alpha, Oct 7
- Black Stone Minerals stock gets fresh insider filing after Q2 beatAD HOC NEWS, Oct 7
Black Stone Minerals peers
Black Stone Minerals’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| TPLTexas Pacific Land | Neutral | 0.2% below |
| VNOMViper Energy | Neutral | 9.2% below |
| BXSLBlackstone Secured Lending Fund | Accumulation | 2.7% below |
| WTWisdomTree | Accumulation | 9.3% below |
| FSKFS KKR Capital | Accumulation | 7.9% below |
| ASSTStrive | Neutral | 3.7% above |
A peer links to its own page where one exists.
Black Stone Minerals stock FAQ
What is Black Stone Minerals’s market cap?
Black Stone Minerals’s market cap is $3.15B at the Oct 12, 2026 close of $14.84, with 212.7M shares outstanding. The shares trade on a P/E ratio of 12.2.
What is the Black Stone Minerals stock forecast?
The consensus analyst 12-month price target for Black Stone Minerals is $16.00, +7.8% from the last close. Gekko doesn’t publish price predictions of its own.
Is Black Stone Minerals stock overvalued or undervalued?
On Gekko’s estimate Black Stone Minerals is undervalued: the Oct 12, 2026 close of $14.84 is 31.7% below Gekko Fair Value of $21.73. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Black Stone Minerals report earnings next?
Black Stone Minerals is expected to report on Nov 2, 2026 (21 days away). Analysts expect earnings of $0.26 per share on revenue of $114.0M. Black Stone Minerals beat the earnings estimate in 5 of its last 8 reports, moving 1.7% on average across the report.
What is Black Stone Minerals’s 52-week high and low?
Black Stone Minerals’s 52-week high is $15.49 and its 52-week low is $12.32; it closed at $14.84 on Oct 12, 2026, +12.8% over the past year. Over the last five years the shares peaked at $20.24 on Nov 7, 2022.
Is Black Stone Minerals stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (trend, fair value and seasonality), 1 as mixed (gekkoindex) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
See Black Stone Minerals the way Gekko members do
Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.
Join 1,408 other traders using Gekko
Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.