Piper Sandler Raises Black Stone Minerals (BSM) Price Target to $14

Black Stone Minerals, L.P. (NYSE:BSM) is one of the MLP Stocks List: 20 Largest MLPs.

Piper Sandler Raises Black Stone Minerals (BSM) Price Target to $14

On March 5, 2026, Piper Sandler raised its price target on Black Stone Minerals, L.P. (NYSE:BSM) from $13 to $14 while maintaining a Neutral rating on the company’s stock. The firm noted that the conflict with Iran has heavily impacted the rotation trade, effectively raising the risk for about 20% of the global oil, product, and gas supply. Although the fourth-quarter results and the 2026 outlooks are affected by the war in the Middle East, the firm anticipates stability from American operators, with minimal changes.

Separately, in its Q4 2025 earnings call on February 24, 2026, Black Stone Minerals, L.P. (NYSE:BSM) highlighted securing development agreements with Revenant and Caturus Energy, placing 500,000 acres under drilling commitments. It also noted strategic investments in large-scale seismic surveys and expansion into Western Haynesville with the aim of capitalizing on the growth in Gulf Coast gas demand. Additionally, the management will increase the 2026 administrative expenses to support and manage this operational ramp.

Founded in 1876, Black Stone Minerals, L.P. (NYSE:BSM) is one of the largest oil and gas mineral and royalty owners in the U.S. The company is based in Texas and manages over 20 million mineral acres across 41 states.

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