Analysts expect Black Stone Minerals LP (NYSE:BSM) to report $0.24 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Black Stone Minerals’ earnings. Black Stone Minerals reported earnings per share of $0.36 in the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The business is scheduled to report its next earnings report on Monday, May 14th.
On average, analysts expect that Black Stone Minerals will report full year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.97. For the next fiscal year, analysts expect that the company will report earnings of $1.04 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Black Stone Minerals.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. Stifel Nicolaus set a $18.00 price objective on shares of Black Stone Minerals and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, Barclays set a $18.00 price objective on shares of Black Stone Minerals and gave the company a “buy” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Black Stone Minerals presently has a consensus rating of “Hold” and a consensus target price of $19.00.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, February 16th. Black Stone Minerals’s dividend payout ratio is currently 126.26%.
In other news, CEO Thomas L. Carter, Jr. acquired 14,240 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average price of $17.26 per share, with a total value of $245,782.40. Following the completion of the acquisition, the chief executive officer now owns 972,182 shares of the company’s stock, valued at approximately $16,779,861.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dawn Smajstrla sold 6,664 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $17.23, for a total transaction of $114,820.72. Following the completion of the sale, the vice president now directly owns 23,514 shares of the company’s stock, valued at approximately $405,146.22. The disclosure for this sale can be found here. Insiders sold 65,644 shares of company stock valued at $1,168,941 in the last three months. 25.00% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its stake in Black Stone Minerals by 6.3% during the fourth quarter. Bank of Montreal Can now owns 90,527 shares of the oil and gas producer’s stock worth $1,624,000 after buying an additional 5,327 shares during the period. Evergreen Capital Management LLC boosted its stake in Black Stone Minerals by 10.9% during the third quarter. Evergreen Capital Management LLC now owns 613,870 shares of the oil and gas producer’s stock worth $10,645,000 after buying an additional 60,175 shares during the period. Alps Advisors Inc. purchased a new position in Black Stone Minerals during the third quarter worth about $478,000. Dumac Inc. purchased a new position in Black Stone Minerals during the fourth quarter worth about $3,169,000. Finally, Tower Research Capital LLC TRC purchased a new position in Black Stone Minerals during the fourth quarter worth about $170,000. 22.74% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Black Stone Minerals LP (BSM) Will Post Earnings of $0.24 Per Share” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/13/zacks-analysts-expect-black-stone-minerals-lp-bsm-will-post-earnings-of-0-24-per-share.html.
Black Stone Minerals Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.