Black Stone Minerals (BSM) Scheduled to Post Quarterly Earnings on Monday

Black Stone Minerals (NYSE:BSM) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Black Stone Minerals had a return on equity of 42.38% and a net margin of 70.46%. The business had revenue of $190.84 million during the quarter, compared to analyst estimates of $142.67 million. During the same quarter in the prior year, the business posted $0.71 EPS. On average, analysts expect Black Stone Minerals to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Black Stone Minerals Stock Performance

Shares of BSM stock opened at $16.10 on Monday. Black Stone Minerals has a 52-week low of $14.80 and a 52-week high of $18.55. The firm has a market capitalization of $3.39 billion, a PE ratio of 8.61 and a beta of 0.92. The stock has a fifty day simple moving average of $15.73 and a two-hundred day simple moving average of $16.41.

Black Stone Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.50 dividend on an annualized basis and a yield of 9.32%. Black Stone Minerals’s payout ratio is presently 80.21%.

Wall Street Analysts Forecast Growth

BSM has been the subject of a number of research analyst reports. Piper Sandler raised their price objective on Black Stone Minerals from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Stifel Nicolaus cut their price objective on Black Stone Minerals from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd.

Insider Buying and Selling

In related news, Director D Mark Dewalch purchased 3,250 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $15.47 per share, for a total transaction of $50,277.50. Following the completion of the transaction, the director now owns 320,436 shares in the company, valued at approximately $4,957,144.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 19.60% of the stock is currently owned by company insiders.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.