Brokerages predict that Black Stone Minerals, L.P. (NYSE:BSM) will post earnings of $0.13 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Black Stone Minerals' earnings. The highest EPS estimate is $0.14 and the lowest is $0.12. Black Stone Minerals posted earnings of $0.23 per share in the same quarter last year, which suggests a negative year over year growth rate of 43.5%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, May 3rd.
On average, analysts expect that Black Stone Minerals will report full year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.55. For the next financial year, analysts expect that the firm will post earnings of $0.77 per share, with EPS estimates ranging from $0.58 to $0.93. Zacks Investment Research's earnings per share averages 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 earnings results on Sunday, February 21st. The oil and gas producer reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.07). The business had revenue of $77.43 million during the quarter, compared to analyst estimates of $86.01 million. Black Stone Minerals had a net margin of 31.42% and a return on equity of 16.85%.
A number of research analysts have issued reports on the stock. TheStreet lowered shares of Black Stone Minerals from a "b-" rating to a "c" rating in a report on Thursday, March 18th. Zacks Investment Research raised shares of Black Stone Minerals from a "sell" rating to a "hold" rating in a research note on Thursday, January 28th. Citigroup upped their price objective on shares of Black Stone Minerals from $9.00 to $110.00 in a research note on Tuesday. Finally, Raymond James increased their target price on shares of Black Stone Minerals from $12.00 to $13.00 and gave the stock a "strong-buy" rating in a research report on Thursday, February 4th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Black Stone Minerals currently has a consensus rating of "Buy" and a consensus target price of $30.00.
NYSE:BSM opened at $10.48 on Thursday. Black Stone Minerals has a fifty-two week low of $5.36 and a fifty-two week high of $10.50. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.19. The firm's fifty day simple moving average is $9.32 and its 200-day simple moving average is $8.11. The stock has a market cap of $2.17 billion, a PE ratio of 19.77 and a beta of 1.57.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Friday, May 14th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Thursday, May 13th. Black Stone Minerals's dividend payout ratio (DPR) is 60.34%.
A number of large investors have recently modified their holdings of BSM. Childress Capital Advisors LLC acquired a new stake in Black Stone Minerals in the fourth quarter valued at approximately $25,000. Optimum Investment Advisors grew its position in Black Stone Minerals by 100.0% in the first quarter. Optimum Investment Advisors now owns 4,000 shares of the oil and gas producer's stock valued at $35,000 after acquiring an additional 2,000 shares in the last quarter. Crescent Capital Consulting LLC acquired a new stake in Black Stone Minerals in the fourth quarter valued at approximately $40,000. Annandale Capital LLC purchased a new position in shares of Black Stone Minerals during the 4th quarter valued at approximately $74,000. Finally, Blair William & Co. IL purchased a new position in shares of Black Stone Minerals during the 4th quarter valued at approximately $116,000. 19.11% of the stock is owned by institutional investors.
About Black Stone Minerals
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 1.7 million gross acres located in 41 states in the United States.
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