KeyCorp Reduces Earnings Estimates for Black Stone Minerals

Black Stone Minerals, L.P. (NYSE:BSM) – Equities researchers at KeyCorp cut their Q2 2027 EPS estimates for shares of Black Stone Minerals in a report released on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $0.28 for the quarter, down from their previous estimate of $0.30. The consensus estimate for Black Stone Minerals’ current full-year earnings is $0.97 per share. KeyCorp also issued estimates for Black Stone Minerals’ FY2027 earnings at $1.19 EPS.

BSM has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Black Stone Minerals in a report on Friday, April 24th. Piper Sandler lifted their target price on shares of Black Stone Minerals from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Zacks Research downgraded shares of Black Stone Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada began coverage on shares of Black Stone Minerals in a report on Friday, May 29th. They issued a “sector perform” rating and a $16.00 target price for the company. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $15.00.

Black Stone Minerals Stock Down 0.1%

Black Stone Minerals stock opened at $13.88 on Monday. Black Stone Minerals has a fifty-two week low of $11.78 and a fifty-two week high of $15.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a 50 day moving average price of $14.02 and a 200 day moving average price of $14.31. The company has a market capitalization of $2.95 billion, a PE ratio of 10.93 and a beta of 0.05.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, May 4th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.19). Black Stone Minerals had a net margin of 61.67% and a return on equity of 42.40%. The company had revenue of $59.36 million during the quarter, compared to analyst estimates of $107.38 million.

Hedge Funds Weigh In On Black Stone Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSM. Axiom Investment Management LLC purchased a new stake in shares of Black Stone Minerals during the 1st quarter worth $37,000. Quantinno Capital Management LP lifted its position in shares of Black Stone Minerals by 3.0% during the 1st quarter. Quantinno Capital Management LP now owns 42,516 shares of the oil and gas producer’s stock worth $643,000 after purchasing an additional 1,228 shares during the last quarter. Aristides Capital LLC lifted its position in shares of Black Stone Minerals by 19.2% during the 1st quarter. Aristides Capital LLC now owns 42,330 shares of the oil and gas producer’s stock worth $640,000 after purchasing an additional 6,814 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Black Stone Minerals during the 1st quarter worth $166,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Black Stone Minerals during the 1st quarter worth $83,000. Hedge funds and other institutional investors own 14.49% of the company’s stock.

Insider Buying and Selling at Black Stone Minerals

In other Black Stone Minerals news, Director Ashley J. Longmaid sold 11,128 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $13.45, for a total value of $149,671.60. Following the completion of the transaction, the director owned 137,335 shares of the company’s stock, valued at $1,847,155.75. This trade represents a 7.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Luke Stevens Putman sold 29,386 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $13.75, for a total transaction of $404,057.50. Following the completion of the transaction, the senior vice president directly owned 702,645 shares of the company’s stock, valued at $9,661,368.75. This represents a 4.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders purchased 179,254 shares of company stock worth $2,407,265 and sold 69,900 shares worth $978,357. Company insiders own 17.80% of the company’s stock.

Black Stone Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was Friday, May 8th. Black Stone Minerals’s dividend payout ratio (DPR) is currently 94.49%.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.