Wall Street analysts expect that Black Stone Minerals, L.P. (NYSE:BSM) will report $96.36 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Black Stone Minerals, L.P.’s earnings, with the highest sales estimate coming in at $100.66 million and the lowest estimate coming in at $92.06 million. Black Stone Minerals, L.P. reported sales of $99.17 million in the same quarter last year, which indicates a negative year over year growth rate of 2.8%. The business is scheduled to issue its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Black Stone Minerals, L.P. will report full-year sales of $96.36 million for the current fiscal year, with estimates ranging from $418.45 million to $432.23 million. For the next financial year, analysts forecast that the firm will report sales of $427.97 million per share, with estimates ranging from $387.17 million to $468.78 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Black Stone Minerals, L.P..

Black Stone Minerals, L.P. (NYSE:BSM) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.14. The firm had revenue of $120.52 million during the quarter, compared to analysts’ expectations of $95.87 million. Black Stone Minerals, L.P. had a net margin of 22.71% and a return on equity of 12.67%.

A number of research firms have issued reports on BSM. TheStreet raised shares of Black Stone Minerals, L.P. from a “c” rating to a “b-” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Black Stone Minerals, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Scotiabank set a $20.00 target price on shares of Black Stone Minerals, L.P. and gave the company a “hold” rating in a research note on Saturday, July 22nd. Stifel Nicolaus reissued a “buy” rating and set a $18.00 target price on shares of Black Stone Minerals, L.P. in a research note on Friday, July 14th. Finally, Barclays PLC reduced their target price on shares of Black Stone Minerals, L.P. from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/17/brokerages-expect-black-stone-minerals-l-p-bsm-will-announce-quarterly-sales-of-96-36-million.html.

Black Stone Minerals, L.P. (NYSE:BSM) opened at 17.23 on Friday. The company’s 50-day moving average is $17.12 and its 200 day moving average is $17.29. The stock has a market capitalization of $3.38 billion, a PE ratio of 23.41 and a beta of 0.28. Black Stone Minerals, L.P. has a 12-month low of $16.61 and a 12-month high of $19.86.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th were paid a $0.313 dividend. This is a positive change from Black Stone Minerals, L.P.’s previous quarterly dividend of $0.29. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date was Tuesday, August 15th. Black Stone Minerals, L.P.’s dividend payout ratio is currently 150.60%.

Large investors have recently modified their holdings of the company. Freestone Capital Holdings LLC lifted its stake in shares of Black Stone Minerals, L.P. by 64.5% in the 2nd quarter. Freestone Capital Holdings LLC now owns 110,209 shares of the oil and gas producer’s stock worth $1,737,000 after acquiring an additional 43,209 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of Black Stone Minerals, L.P. in the 2nd quarter worth approximately $8,726,000. Bank of America Corp DE lifted its stake in shares of Black Stone Minerals, L.P. by 17.0% in the 1st quarter. Bank of America Corp DE now owns 52,859 shares of the oil and gas producer’s stock worth $873,000 after acquiring an additional 7,696 shares during the period. Morgan Stanley lifted its stake in shares of Black Stone Minerals, L.P. by 47.9% in the 1st quarter. Morgan Stanley now owns 2,973,063 shares of the oil and gas producer’s stock worth $49,086,000 after acquiring an additional 962,824 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Black Stone Minerals, L.P. by 8.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,900 shares of the oil and gas producer’s stock worth $196,000 after acquiring an additional 902 shares during the period. 21.36% of the stock is owned by institutional investors.

About Black Stone Minerals, L.P.

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

Get a free copy of the Zacks research report on Black Stone Minerals, L.P. (BSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Black Stone Minerals L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals L.P. and related companies with MarketBeat.com's FREE daily email newsletter.