What is KeyCorp's Forecast for BSM Q1 Earnings?

Key Points

• KeyCorp forecasts Black Stone Minerals' Q1 2027 earnings per share (EPS) at $0.35, aligning with a full-year EPS estimate of $1.36.
• The company recently reported Q2 revenue of $159.49 million, exceeding expectations and reflecting a strong net margin of 61.21%.
• Black Stone Minerals declared a quarterly dividend of $0.30 per share, with a 9.6% dividend yield, set for payment on November 13th to shareholders of record by November 6th.

Black Stone Minerals, L.P. (NYSE:BSM - Free Report) - Investment analysts at KeyCorp issued their Q1 2027 EPS estimates for Black Stone Minerals in a research note issued to investors on Tuesday, October 14th. KeyCorp analyst T. Rezvan expects that the oil and gas producer will post earnings per share of $0.35 for the quarter. The consensus estimate for Black Stone Minerals' current full-year earnings is $1.36 per share. KeyCorp also issued estimates for Black Stone Minerals' Q2 2027 earnings at $0.33 EPS, Q3 2027 earnings at $0.33 EPS and FY2027 earnings at $1.36 EPS.

Black Stone Minerals (NYSE:BSM - Get Free Report) last posted its earnings results on Monday, August 4th. The oil and gas producer reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.23. Black Stone Minerals had a net margin of 61.21% and a return on equity of 39.67%. The business had revenue of $159.49 million during the quarter, compared to the consensus estimate of $112.19 million.

BSM has been the subject of several other research reports. Zacks Research raised shares of Black Stone Minerals from a "strong sell" rating to a "hold" rating in a report on Monday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Black Stone Minerals in a research note on Wednesday, October 8th. Finally, Piper Sandler decreased their target price on shares of Black Stone Minerals from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $13.00.

Black Stone Minerals Trading Up 0.6%

NYSE:BSM opened at $12.50 on Thursday. Black Stone Minerals has a 12 month low of $11.78 and a 12 month high of $15.66. The company has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $13.21. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.12. The company has a market cap of $2.65 billion, a PE ratio of 10.77 and a beta of 0.24.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BSM. SVB Wealth LLC purchased a new position in Black Stone Minerals in the first quarter valued at $25,000. PNC Financial Services Group Inc. purchased a new position in Black Stone Minerals in the first quarter valued at $29,000. Newbridge Financial Services Group Inc. increased its holdings in Black Stone Minerals by 71.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 2,981 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 1,245 shares in the last quarter. North Capital Inc. purchased a new position in Black Stone Minerals in the first quarter valued at $46,000. Finally, Motco purchased a new position in Black Stone Minerals in the second quarter valued at $46,000. Hedge funds and other institutional investors own 14.49% of the company's stock.

Insider Activity

In other Black Stone Minerals news, CEO Thomas L. Carter, Jr. bought 27,500 shares of Black Stone Minerals stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $12.20 per share, with a total value of $335,500.00. Following the completion of the acquisition, the chief executive officer directly owned 3,396,831 shares in the company, valued at approximately $41,441,338.20. This trade represents a 0.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 163,080 shares of company stock valued at $1,983,910 over the last three months. Company insiders own 17.80% of the company's stock.

Black Stone Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, November 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.6%. Black Stone Minerals's dividend payout ratio (DPR) is currently 103.45%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.