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, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BSM shares.
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4 equities research analysts have issued twelve-month target prices for Black Stone Minerals' shares. Their BSM share price forecasts range from $19.00 to $21.00. On average, they predict the company's stock price to reach $19.75 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price.
View analysts price targets for BSM or view top-rated stocks among Wall Street analysts.

Black Stone Minerals' stock was trading at $16.87 on January 1st, 2023. Since then, BSM shares have decreased by 4.0% and is now trading at $16.19.
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Black Stone Minerals saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,430,000 shares, a drop of 13.3% from the December 31st total of 1,650,000 shares. Based on an average daily trading volume, of 826,100 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 20th 2023.
View our BSM earnings forecast.

Black Stone Minerals, L.P. (NYSE:BSM) issued its earnings results on Monday, November, 1st. The oil and gas producer reported $0.05 earnings per share (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 the consensus estimate of $85.22 million. Black Stone Minerals had a trailing twelve-month return on equity of 45.85% and a net margin of 69.77%. The firm's revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS.

Black Stone Minerals announced a quarterly dividend on Wednesday, October 19th. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.45 per share on Thursday, November 17th. This represents a $1.80 annualized dividend and a dividend yield of 11.12%. The ex-dividend date is Wednesday, November 9th. This is a positive change from the stock's previous quarterly dividend of $0.42.
Read our dividend analysis for BSM.

Black Stone Minerals (NYSE:BSM) pays an annual dividend of $1.80 per share and currently has a dividend yield of 10.95%. 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 95.75%. 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 90.45% 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 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 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 shareholders include Penn Davis Mcfarland Inc. (0.74%), Mayo Clinic (0.31%), Spirit of America Management Corp NY (0.23%), Mraz Amerine & Associates Inc. (0.06%), Howard Financial Services LTD. (0.04%) and Sumitomo Mitsui Trust Holdings Inc. (0.03%). Insiders that own company stock include 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 $16.19.

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.39 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 $1.88 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.