Black Stone Minerals - BSM Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Black Stone Minerals in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BSM shares.
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4 brokers have issued twelve-month price targets for Black Stone Minerals' stock. Their BSM share price forecasts range from $17.00 to $21.00. On average, they expect the company's share price to reach $19.00 in the next year. This suggests a possible upside of 29.2% from the stock's current price.
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Black Stone Minerals' stock was trading at $16.87 at the beginning of the year. Since then, BSM stock has decreased by 12.8% and is now trading at $14.71.
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Black Stone Minerals saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,570,000 shares, an increase of 6.1% from the February 13th total of 1,480,000 shares. Based on an average daily volume of 896,000 shares, the short-interest ratio is presently 1.8 days. Approximately 0.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our BSM earnings forecast.

Black Stone Minerals, L.P. (NYSE:BSM) posted its earnings results on Monday, November, 1st. The oil and gas producer reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.10. The oil and gas producer had revenue of $59.83 million for the quarter, compared to the consensus estimate of $85.22 million. Black Stone Minerals had a net margin of 71.80% and a trailing twelve-month return on equity of 56.28%. The business's revenue was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS.

Black Stone Minerals declared a quarterly dividend on Wednesday, February 1st. Shareholders of record on Thursday, February 16th will be paid a dividend of $0.475 per share on Thursday, February 23rd. This represents a $1.90 dividend on an annualized basis and a yield of 12.92%. The ex-dividend date is Wednesday, February 15th. This is an increase from the stock's previous quarterly dividend of $0.45.
Read our dividend analysis for BSM.

ETFs with the largest weight of Black Stone Minerals (NYSE:BSM) stock in their portfolio include Invesco Zacks Multi-Asset Income ETF (CVY), RH Hedged Multi-Asset Income ETF (AMAX), Arrow Dow Jones Global Yield ETF (GYLD), First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Distillate Small/Mid Cash Flow ETF (DSMC) and

Black Stone Minerals (NYSE:BSM) pays an annual dividend of $1.90 per share and currently has a dividend yield of 13.03%. 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 90.48%. 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 100.53% in the coming year. This indicates that the company may not be able to sustain their current 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 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.

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

Black Stone Minerals' stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (1.91%), UBS Group AG (1.50%), Penn Davis Mcfarland Inc. (0.74%), Natixis (0.67%), Mudita Advisors LLP (0.61%) and JPMorgan Chase & Co. (0.55%). Insiders that own company stock include D Mark Dewalch, Dawn Smajstrla, Jeffrey P Wood, Luke Stevens Putman and Thomas L Carter Jr.
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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 $14.71.

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.08 billion and generates $663.60 million in revenue each year. The oil and gas producer earns $476.48 million in net income (profit) each year or $2.10 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.