BSM
Black Stone Minerals, L.P. Energy - Oil & Gas E&P Investor Relations →
Black Stone Minerals, L.P. (BSM) closed at $15.00 as of 2026-02-02, trading 17.7% above its 200-week moving average of $12.74. The stock moved further from the line this week, up from 16.1% last week. With a 14-week RSI of 72, BSM is in overbought territory.
Over the past 514 weeks of data, BSM has crossed below its 200-week moving average 5 times. On average, these episodes lasted 24 weeks. Historically, investors who bought BSM at the start of these episodes saw an average one-year return of +3.2%.
With a market cap of $3.2 billion, BSM is a mid-cap stock. The company generates a free cash flow yield of 3.6%. Return on equity stands at 23.9%, indicating strong profitability. The stock trades at 3.9x book value.
BSM passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 9.9 years, a hypothetical investment of $100 in BSM would have grown to $214, compared to $393 for the S&P 500. BSM has returned 8.0% annualized vs 14.8% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 4.2% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: BSM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BSM Crosses Below the Line?
Across 5 historical episodes, buying BSM when it crossed below its 200-week moving average produced an average return of -4.8% after 12 months (median +2.0%), compared to +9.2% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +27.2% vs +36.5% for the index.
Each line shows $100 invested at the moment BSM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
BSM has crossed below its 200-week MA 5 times with an average 1-year return of +3.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2016 | Apr 2016 | 1 | 0.5% | +22.8% | +149.7% |
| Aug 2019 | Sep 2019 | 4 | 5.7% | -44.4% | +95.1% |
| Sep 2019 | Sep 2021 | 104 | 68.3% | -52.0% | +93.0% |
| Dec 2021 | Dec 2021 | 1 | 3.8% | +86.3% | +128.6% |
| Jul 2025 | Sep 2025 | 8 | 3.5% | N/A | +29.0% |
| Average | 24 | — | +3.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02