Black Stone Minerals - BSM Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Black Stone Minerals in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BSM shares.
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4 analysts have issued twelve-month price targets for Black Stone Minerals' shares. Their BSM share price forecasts range from $16.00 to $22.00. On average, they anticipate the company's stock price to reach $19.75 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
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Black Stone Minerals' stock was trading at $10.33 at the start of the year. Since then, BSM shares have increased by 62.1% and is now trading at $16.75.
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Black Stone Minerals saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,170,000 shares, an increase of 14.2% from the August 15th total of 1,900,000 shares. Based on an average daily volume of 641,100 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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Black Stone Minerals, L.P. (NYSE:BSM) announced its quarterly earnings results on Monday, August, 1st. The oil and gas producer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The oil and gas producer earned $180.37 million during the quarter, compared to the consensus estimate of $156.08 million. Black Stone Minerals had a net margin of 60.34% and a trailing twelve-month return on equity of 41.83%. During the same period in the prior year, the company posted $0.25 EPS.

Black Stone Minerals declared a quarterly dividend on Monday, July 25th. Investors of record on Friday, August 12th will be paid a dividend of $0.42 per share on Friday, August 19th. This represents a $1.68 annualized dividend and a dividend yield of 10.03%. The ex-dividend date is Thursday, August 11th. This is a boost from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for BSM.

Black Stone Minerals (NYSE:BSM) pays an annual dividend of $1.68 per share and currently has a dividend yield of 10.35%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 142.37%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BSM will have a dividend payout ratio of 74.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BSM.

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.

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).

(BSM) raised $450 million in an initial public offering 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 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.

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

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.
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One share of BSM stock can currently be purchased for approximately $16.75.

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.75 billion and generates $359.26 million in revenue each year. The oil and gas producer earns $181.99 million in net income (profit) each year or $1.18 on an earnings per share basis.

The company employs 2,020 workers across the globe.

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.