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NYSE:BSM

Black Stone Minerals (BSM) Stock Forecast, Price & News

$17.31
+0.08 (+0.46%)
(As of 09:32 AM ET)
Compare
Today's Range
$17.31
$17.34
50-Day Range
$16.74
$18.14
52-Week Range
$13.41
$20.24
Volume
17,469 shs
Average Volume
556,745 shs
Market Capitalization
$3.89 billion
P/E Ratio
6.87
Dividend Yield
10.98%
Price Target
$19.33

Black Stone Minerals MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
12.2% Upside
$19.33 Price Target
Short Interest
Bearish
1.39% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Black Stone Minerals in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-13.98%
From $1.86 to $1.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Oils/Energy Sector

207th out of 247 stocks

Crude Petroleum & Natural Gas Industry

73rd out of 81 stocks


BSM stock logo

About Black Stone Minerals (NYSE:BSM) Stock

Black Stone Minerals, L.P., founded in 1876 as W.T. Carter & Bro., has evolved into a leading Houston-based oil and natural gas corporation. The company's primary focus is owning and managing oil and natural gas mineral interests across the United States. Black Stone Minerals, L.P. has established itself as a key player in the industry with a rich history and a vast portfolio of approximately 16.8 million gross acres spread across 41 states.

The company's mission centers around the efficient and responsible development and management of its mineral assets while maximizing long-term value for its stakeholders. Black Stone Minerals, L.P. plays a crucial role in supporting oil and gas exploration and production company operations by participating, nonparticipating, and overriding royalty interests.

Black Stone Minerals, L.P.'s core product is the ownership of oil and natural gas mineral interests, which grants the company a share in the proceeds generated from oil and gas production on its properties. The company's target market primarily comprises energy companies engaged in exploration and production activities. By providing access to valuable mineral interests, Black Stone Minerals, L.P. supports these companies in extracting and producing oil and natural gas.

The company's key customers are oil and gas exploration and production companies that rely on mineral resources for their operations. These customers benefit from partnering with Black Stone Minerals, L.P., accessing the company's extensive mineral interests and expertise. Black Stone Minerals, L.P. contributes to the sector's growth and development by focusing on serving the energy industry.

Black Stone Minerals, L.P. has achieved significant milestones and recognition throughout its history. Notably, the company discovered the Double A Wells Field in East Texas in 1985, marking a pivotal moment in its journey. Over the years, Black Stone Minerals, L.P. expanded its interests and diversified its holdings, amassing millions of acres of mineral interests across various plays and shale formations in the United States. These achievements have solidified the company's position as a reputable player in the energy sector.

The success of Black Stone Minerals, L.P. is attributed to its solid and experienced management team. The team is led by President, Chief Executive Officer, and Chairman Thomas L. Carter, Jr. and possesses a wealth of industry knowledge and expertise. Each member plays a crucial role in shaping the company's strategic direction and ensuring operational excellence. Dawn K. Smajstrla serves as the Chief Accounting Officer (CAO) of Black Stone Minerals, L.P. With her comprehensive background in accounting and finance in the energy industry, Smajstrla is responsible for overseeing the company's financial operations. She joined the company as Vice President and CAO in September 2015, bringing valuable experience from her previous roles at LRR Energy, LP, and Goodrich Petroleum.

Black Stone Minerals, L.P. has demonstrated strong financial performance in recent years, showcasing its robust portfolio of mineral interests. The company has experienced consistent revenue growth. Its earnings metrics are also improving, with a trailing price-to-earnings ratio indicating favorable valuation relative to its earnings. The company boasts a remarkable net margin of over 70%, underscoring its ability to generate substantial profits from mineral interests. Black Stone Minerals, L.P. has effectively managed its resources, resulting in a return on equity of over 50% and a return on assets of around 35%. These metrics highlight the company's commitment to maximizing returns for its stakeholders.

Black Stone Minerals, L.P.'s stock performance reflects investor confidence in the company's operations. Monitoring recent news and events that may have influenced the company's share price is essential for understanding its market performance. These factors can contribute to a more comprehensive company stock performance analysis.

Operating in the broader energy sector, Black Stone Minerals, L.P. holds a strategic position as an owner and manager of oil and natural gas mineral interests. Its extensive portfolio across multiple states provides a competitive advantage, enabling the company to leverage opportunities in various plays and shale formations. This advantageous positioning enhances the company's potential to thrive in the industry.

Black Stone Minerals, L.P. is well-positioned to seize growth opportunities within the energy industry. The company can leverage its extensive mineral interests to capitalize on emerging prospects and fuel its expansion. With a focus on maintaining competitive advantages, such as its vast acreage and strategic partnerships, Black Stone Minerals, L.P. is poised to pursue growth confidently.

As with any company operating in the energy industry, Black Stone Minerals, L.P. faces potential risks and challenges. Fluctuations in oil and gas prices, regulatory changes, and environmental concerns can impact the company's operations and profitability. However, the company's risk management strategies and industry expertise help mitigate these risks to a certain extent.

BSM Price History

BSM Stock News Headlines

How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
3 Very Oversold Dividend Stocks to Buy Right Now
Q2 2023 Black Stone Minerals LP Earnings Call
Preview: Black Stone Minerals's Earnings
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
BSM - Black Stone Minerals, L.P.
The Dividend Investor's Oil Playbook - Part 4
Piper Sandler Keeps Their Hold Rating on Black Stone Minerals (BSM)
Piper Sandler Keeps Their Hold Rating on Black Stone Minerals (BSM)
Q1 2023 Black Stone Minerals LP Earnings Call
Earnings Preview: Black Stone Minerals
See More Headlines
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BSM Company Calendar

Last Earnings
7/31/2023
Ex-Dividend for 8/18 Dividend
8/10/2023
Dividend Payable
8/18/2023
Today
10/02/2023
Next Earnings (Estimated)
10/30/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.33
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+12.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$476.48 million
Pretax Margin
76.45%

Debt

Sales & Book Value

Annual Sales
$738.39 million
Cash Flow
$2.63 per share
Book Value
$4.35 per share

Miscellaneous

Free Float
180,651,000
Market Cap
$3.87 billion
Optionable
Optionable
Beta
1.04
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Key Executives

  • Mr. Thomas L. Carter Jr. (Age 71)
    Pres, CEO & Chairman
    Comp: $1.49M
  • Ms. Dawn K. SmajstrlaMs. Dawn K. Smajstrla (Age 52)
    Chief Accounting Officer & VP of Black Stone Minerals GP LLC
    Comp: $644.85k
  • Mr. L. Steve Putman J.D. (Age 48)
    Sr. VP, Gen. Counsel & Sec. of Black Stone Minerals GP LLC
    Comp: $915k
  • Ms. Carrie P. Clark (Age 46)
    Sr. VP of Land & Commercial of Black Stone Minerals GP L.L.C
    Comp: $914.61k
  • Mr. Evan M. Kiefer (Age 36)
    Treasurer & Interim CFO
  • Ms. Kristin Wiggs
    VP of HR
  • Mr. Garrett Gremillion
    VP of Engineering & Geology
  • Mr. R. Marc Carroll (Age 53)
    Consultant of Black Stone Minerals Gp L.L.C













BSM Stock - Frequently Asked Questions

Should I buy or sell Black Stone Minerals stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Black Stone Minerals in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BSM shares.
View BSM analyst ratings
or view top-rated stocks.

What is Black Stone Minerals' stock price forecast for 2023?

3 Wall Street analysts have issued 1 year target prices for Black Stone Minerals' shares. Their BSM share price forecasts range from $16.00 to $21.00. On average, they expect the company's stock price to reach $19.33 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for BSM
or view top-rated stocks among Wall Street analysts.

How have BSM shares performed in 2023?

Black Stone Minerals' stock was trading at $16.87 at the beginning of 2023. Since then, BSM shares have increased by 2.1% and is now trading at $17.23.
View the best growth stocks for 2023 here
.

When is Black Stone Minerals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our BSM earnings forecast
.

How were Black Stone Minerals' earnings last quarter?

Black Stone Minerals, L.P. (NYSE:BSM) announced its quarterly earnings data on Monday, July, 31st. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.02. The oil and gas producer earned $117 million during the quarter, compared to analyst estimates of $116.33 million. Black Stone Minerals had a net margin of 75.74% and a trailing twelve-month return on equity of 48.98%.

How often does Black Stone Minerals pay dividends? What is the dividend yield for Black Stone Minerals?

Black Stone Minerals declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.475 per share on Friday, August 18th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date of this dividend is Thursday, August 10th.
Read our dividend analysis for BSM
.

What ETFs hold Black Stone Minerals' stock?
Is Black Stone Minerals a good dividend stock?

Black Stone Minerals (NYSE:BSM) pays an annual dividend of $1.90 per share and currently has a dividend yield of 10.97%. BSM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 75.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BSM will have a dividend payout ratio of 118.75% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BSM.

What is Thomas L. Carter, Jr.'s approval rating as Black Stone Minerals' CEO?

2 employees have rated Black Stone Minerals Chief Executive Officer Thomas L. Carter, Jr. on Glassdoor.com. Thomas L. Carter, Jr. has an approval rating of 100% among the company's employees. This puts Thomas L. Carter, Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Black Stone Minerals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Black Stone Minerals investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer (ET), Ares Capital (ARCC), Alibaba Group (BABA), NVIDIA (NVDA), General Electric (GE), Baidu (BIDU), Mplx (MPLX) and USA Compression Partners (USAC).

When did Black Stone Minerals IPO?

(BSM) raised $450 million in an IPO on Friday, May 1st 2015. The company issued 22,500,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse and Wells Fargo Securities served as the underwriters for the IPO and J.P. Morgan, Morgan Stanley, Raymond James, Scotia Howard Weil and Simmons & Company International were co-managers.

What is Black Stone Minerals' stock symbol?

Black Stone Minerals trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSM."

How do I buy shares of Black Stone Minerals?

Shares of BSM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Black Stone Minerals' stock price today?

One share of BSM stock can currently be purchased for approximately $17.23.

How much money does Black Stone Minerals make?

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.87 billion and generates $738.39 million in revenue each year. The oil and gas producer earns $476.48 million in net income (profit) each year or $2.52 on an earnings per share basis.

How many employees does Black Stone Minerals have?

The company employs 2,020 workers across the globe.

How can I contact Black Stone Minerals?

Black Stone Minerals' mailing address is 1001 FANNIN STREET SUITE 2020, HOUSTON TX, 77002. The official website for the company is www.blackstoneminerals.com. The oil and gas producer can be reached via phone at (713) 445-3200, via email at investorrelations@blackstoneminerals.com, or via fax at 713-658-0943.

This page (NYSE:BSM) was last updated on 10/2/2023 by MarketBeat.com Staff

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