Black Stone Minerals (BSM) Set to Announce Quarterly Earnings on Monday

Black Stone Minerals (NYSE:BSM - Get Free Report) will 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. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Black Stone Minerals (NYSE:BSM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.15. The business had revenue of $190.84 million during the quarter, compared to the consensus estimate of $142.67 million. Black Stone Minerals had a return on equity of 42.38% and a net margin of 70.46%. During the same quarter in the previous year, the business earned $0.71 earnings per share. 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 Trading Up 0.7 %

Shares of NYSE BSM traded up $0.12 on Monday, reaching $16.22. 239,017 shares of the company traded hands, compared to its average volume of 492,305. The stock has a market capitalization of $3.41 billion, a PE ratio of 8.67 and a beta of 0.92. Black Stone Minerals has a fifty-two week low of $14.80 and a fifty-two week high of $18.55. The company has a 50 day moving average of $15.75 and a 200 day moving average of $16.40.

Black Stone Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 9.25%. The ex-dividend date is Thursday, May 9th. Black Stone Minerals's dividend payout ratio (DPR) is 101.60%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BSM. Piper Sandler upped their price objective on Black Stone Minerals from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 7th. Stifel Nicolaus dropped their price target on Black Stone Minerals from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 23rd.

Insider Activity

In other Black Stone Minerals news, Director D Mark Dewalch bought 3,250 shares of Black Stone Minerals stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $15.47 per share, with a total value of $50,277.50. Following the acquisition, the director now directly owns 320,436 shares of the company's stock, valued at $4,957,144.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.60% of the company's stock.

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 1.6 million gross acres located in 41 states in the United States.