BSM
Black Stone Minerals, L.P. Energy - Oil & Gas E&P Investor Relations →
Black Stone Minerals, L.P. (BSM) closed at $14.24 as of 2026-05-01, trading 11.6% above its 200-week moving average of $12.76. The stock moved further from the line this week, up from 11.4% last week. The 14-week RSI sits at 49, indicating neutral momentum.
Trading volume is running at 0.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.87 ratio) is neutral — neither side is clearly dominating.
Over the past 526 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 $3.0 billion, BSM is a mid-cap stock. The company generates a free cash flow yield of 3.1%. Return on equity stands at 26.6%, indicating strong profitability. The stock trades at 3.6x book value.
BSM passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 10.1 years, a hypothetical investment of $100 in BSM would have grown to $208, compared to $410 for the S&P 500. BSM has returned 7.5% annualized vs 15.0% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -22.6% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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% | +141.9% |
| Aug 2019 | Sep 2019 | 4 | 5.7% | -44.4% | +88.9% |
| Sep 2019 | Sep 2021 | 104 | 68.3% | -52.0% | +86.9% |
| Dec 2021 | Dec 2021 | 1 | 3.8% | +86.3% | +121.4% |
| Jul 2025 | Sep 2025 | 8 | 3.5% | N/A | +24.9% |
| Average | 24 | — | +3.2% | — |
Frequently Asked Questions
Is BSM below its 200-week moving average?
No. Black Stone Minerals, L.P. (BSM) is currently 11.6% above its 200-week moving average of $12.76. It would need to fall to $12.76 to cross below the line.
What is BSM's 200-week moving average price?
Black Stone Minerals, L.P.'s 200-week moving average is $12.76 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BSM drops below its 200-week moving average?
BSM has crossed below its 200-week moving average 5 times in our data. On average, buying at that moment produced a one-year return of +3.2%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is BSM a good value right now?
Here's what our data says about BSM as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 49. Free cash flow yield is 3.1%. Return on equity is 26.6%. Price-to-book is 3.6x. This is not a buy or sell recommendation — always do your own research.
How does BSM compare to the S&P 500?
Over the past 10.1 years, $100 invested in BSM would have grown to $208, compared to $410 for the S&P 500. That's 7.5% annualized vs 15.0% for the index. BSM has underperformed the broader market over this period.
Does BSM pay a dividend?
Yes. Black Stone Minerals, L.P. currently pays a dividend yield of 843.00%.
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 week of 2026-05-01