Equities research analysts expect Black Stone Minerals LP (NYSE:BSM) to report earnings of $0.16 per share for the current quarter, Zacks reports. Two analysts have made estimates for Black Stone Minerals’ earnings. Black Stone Minerals posted earnings per share of $0.01 during the same quarter last year, which suggests a positive year-over-year growth rate of 1,500%. The company is scheduled to announce its next earnings results on Monday, February 26th.
On average, analysts expect that Black Stone Minerals will report full year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.71 to $0.84. For the next year, analysts forecast that the firm will post earnings of $0.70 per share, with EPS estimates ranging from $0.66 to $0.74. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Black Stone Minerals.
Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, November 6th. The oil and gas producer reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Black Stone Minerals had a return on equity of 11.44% and a net margin of 21.57%.
In other news, CFO Jeffrey P. Wood sold 10,810 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $18.30, for a total transaction of $197,823.00. Following the completion of the transaction, the chief financial officer now directly owns 53,031 shares in the company, valued at approximately $970,467.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Luke Stevens Putman sold 23,170 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $18.28, for a total value of $423,547.60. Following the transaction, the senior vice president now owns 257,141 shares of the company’s stock, valued at $4,700,537.48. The disclosure for this sale can be found here. 25.00% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of BSM. Acadian Asset Management LLC acquired a new position in shares of Black Stone Minerals in the 4th quarter valued at approximately $221,000. Westwood Holdings Group Inc. acquired a new position in shares of Black Stone Minerals in the 2nd quarter valued at approximately $234,000. Alliancebernstein L.P. grew its position in shares of Black Stone Minerals by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 18,468 shares of the oil and gas producer’s stock valued at $291,000 after purchasing an additional 1,034 shares during the period. Alps Advisors Inc. acquired a new position in shares of Black Stone Minerals in the 3rd quarter valued at approximately $478,000. Finally, Sterling Capital Management LLC grew its position in shares of Black Stone Minerals by 13.7% in the 3rd quarter. Sterling Capital Management LLC now owns 34,794 shares of the oil and gas producer’s stock valued at $603,000 after purchasing an additional 4,191 shares during the period. Institutional investors own 21.98% of the company’s stock.
Shares of Black Stone Minerals (NYSE BSM) opened at $18.54 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1,917.00, a PE ratio of 21.81 and a beta of 0.30. Black Stone Minerals has a 12-month low of $15.12 and a 12-month high of $19.05.
About Black Stone Minerals
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.
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