Free Trial
NYSE:BSM

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

$16.22
-0.01 (-0.06%)
(As of 05/20/2024 ET)
Today's Range
$16.12
$16.31
50-Day Range
$15.21
$16.67
52-Week Range
$14.88
$18.55
Volume
313,214 shs
Average Volume
500,108 shs
Market Capitalization
$3.41 billion
P/E Ratio
10.53
Dividend Yield
9.25%
Price Target
$19.33

Black Stone Minerals MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
19.2% Upside
$19.33 Price Target
Short Interest
Bearish
2.88% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.28mentions of Black Stone Minerals in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$50,278 Bought Last Quarter
Proj. Earnings Growth
12.77%
From $1.41 to $1.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.11 out of 5 stars

Oils/Energy Sector

122nd out of 238 stocks

Crude Petroleum & Natural Gas Industry

44th out of 75 stocks

BSM stock logo

About Black Stone Minerals Stock (NYSE:BSM)

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 Stock Price History

BSM Stock News Headlines

Two High Quality 8-9% Yielding Stocks Worth Considering
7 Affordable Energy Stocks to Buy Under $20
Black Stone Minerals: A Distribution Cut Is Coming
Q4 2023 Black Stone Minerals LP Earnings Call
Black Stone Minerals Q4 Profit Down, But Results Top Estimates
BSM Apr 2024 12.500 put
BSM Feb 2024 12.500 put
BSM Jul 2024 17.500 call
BSM Jan 2025 7.500 put
See More Headlines
Receive BSM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Black Stone Minerals and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/23 Dividend
2/15/2024
Last Earnings
2/20/2024
Dividend Payable
2/23/2024
Ex-Dividend for 5/17 Dividend
5/09/2024
Dividend Payable
5/17/2024
Today
5/21/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

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 Target
$19.33
High Stock Price Target
$21.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+19.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$422.55 million
Pretax Margin
67.29%

Debt

Sales & Book Value

Annual Sales
$592.22 million
Cash Flow
$2.23 per share
Book Value
$4.37 per share

Miscellaneous

Free Float
169,092,000
Market Cap
$3.41 billion
Optionable
Optionable
Beta
0.91
Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives


BSM Stock Analysis - Frequently Asked Questions

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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Black Stone Minerals in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BSM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BSM, but not buy additional shares or sell existing shares.
View BSM analyst ratings
or view top-rated stocks.

What is Black Stone Minerals' stock price target for 2024?

3 brokerages have issued twelve-month price objectives for Black Stone Minerals' stock. Their BSM share price targets range from $17.00 to $21.00. On average, they anticipate the company's stock price to reach $19.33 in the next year. This suggests a possible upside of 19.2% 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 2024?

Black Stone Minerals' stock was trading at $15.96 at the start of the year. Since then, BSM shares have increased by 1.6% and is now trading at $16.22.
View the best growth stocks for 2024 here
.

When is Black Stone Minerals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our BSM earnings forecast
.

How were Black Stone Minerals' earnings last quarter?

Black Stone Minerals, L.P. (NYSE:BSM) released its quarterly earnings results on Tuesday, February, 20th. The oil and gas producer reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.15. The oil and gas producer earned $190.84 million during the quarter, compared to the consensus estimate of $142.67 million. Black Stone Minerals had a net margin of 66.29% and a trailing twelve-month return on equity of 38.71%. During the same period last year, the business earned $0.71 earnings per share.

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 Wednesday, April 17th. Investors of record on Friday, May 10th will be given a dividend of $0.375 per share on Friday, May 17th. This represents a $1.50 annualized dividend and a dividend yield of 9.25%. The ex-dividend date is Thursday, May 9th.
Read our dividend analysis for BSM
.

Is Black Stone Minerals a good dividend stock?

Black Stone Minerals (NYSE:BSM) pays an annual dividend of $1.50 per share and currently has a dividend yield of 9.24%. 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 97.40%. 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 94.34% 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?

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

Who are Black Stone Minerals' major shareholders?

Black Stone Minerals' stock is owned by many different institutional and retail investors. Top institutional shareholders include Penn Davis Mcfarland Inc. (0.64%), Raymond James & Associates (0.21%), Prevail Innovative Wealth Advisors LLC (0.08%), LB Partners LLC (0.07%), Mcdaniel Terry & Co. (0.06%) and GraniteShares Advisors LLC (0.05%). Insiders that own company stock include D Mark Dewalch, Dawn Smajstrla, Luke Stevens Putman and Thomas L Carter Jr.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BSM) was last updated on 5/21/2024 by MarketBeat.com Staff

From Our Partners