Black Stone Minerals, L.P. : A support level that should be taken advantage of

06/23/2022 | 02:41am EDT

Nicolas Aleksy

long trade Live

Entry price : 13.77$ | Target : 16.8$ | Stop-loss : 10.7$ | Potential : 22%

The recent downward movement has sent Black Stone Minerals, L.P. shares back to attractive levels situated around 13.37 USD. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the $ 16.8.

Summary

• The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

Strengths

• The company's profit outlook over the next few years is a strong asset.
• The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
• Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
• Thanks to a sound financial situation, the firm has significant leeway for investment.
• Given the positive cash flows generated by its business, the company's valuation level is an asset.
• The company is one of the best yield companies with high dividend expectations.
• Over the last twelve months, the sales forecast has been frequently revised upwards.
• Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
• For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
• Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
• The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
• Over the past four months, analysts' average price target has been revised upwards significantly.
• The opinion of analysts covering the stock has improved over the past four months.
• Historically, the company has been releasing figures that are above expectations.

Weaknesses

• The company's "enterprise value to sales" ratio is among the highest in the world.

Ratings chart

Subsector Other Oil & Gas Exploration and Production

1st jan. Capitalization (M$) Investor Rating BLACK STONE MINERALS, L.P. 34.37% 2 906 CONOCOPHILLIPS 26.71% 116 067 EOG RESOURCES, INC. 27.46% 66 314 CNOOC LIMITED 30.01% 63 382 CANADIAN NATURAL RESOURCES .. 31.24% 62 802 OCCIDENTAL PETROLEUM CORPOR.. 112.87% 55 388 PIONEER NATURAL RESOURCES C.. 24.36% 54 726 WOODSIDE ENERGY GROUP LTD 49.66% 42 885 DEVON ENERGY CORPORATION 34.98% 36 865 HESS CORPORATION 47.68% 33 854 OIL AND NATURAL GAS CORPORA.. 8.25% 24 555

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