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 Wall Street research analysts 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 anticipate the company's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
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Black Stone Minerals' stock was trading at $16.87 at the start of the year. Since then, BSM shares have decreased by 7.0% and is now trading at $15.69.
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Black Stone Minerals saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 1,390,000 shares, a decline of 11.5% from the February 28th total of 1,570,000 shares. Based on an average daily volume of 863,600 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.8% 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.
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Black Stone Minerals, L.P. (NYSE:BSM) posted its quarterly earnings data on Monday, November, 1st. The oil and gas producer reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by $0.10. The oil and gas producer earned $59.83 million during the quarter, compared to analyst estimates 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 previous year, the firm posted $0.09 EPS.

Black Stone Minerals declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Thursday, February 16th will be given 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 12.11%. The ex-dividend date of this dividend is Wednesday, February 15th. This is a positive change 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), Distillate Small/Mid Cash Flow ETF (DSMC).Barrons 400 ETF (BFOR) and

Black Stone Minerals (NYSE:BSM) pays an annual dividend of $1.90 per share and currently has a dividend yield of 12.30%. 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 106.74% 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."

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 $15.69.

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.29 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.