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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Black Stone Minerals in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BSM shares.
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3 Wall Street analysts have issued 12-month target prices for Black Stone Minerals' shares. Their BSM share price forecasts range from $15.00 to $21.00. On average, they predict the company's stock price to reach $19.00 in the next year. This suggests a possible upside of 17.7% 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 stock has decreased by 4.3% and is now trading at $16.14.
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Black Stone Minerals saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,300,000 shares, an increase of 23.0% from the April 30th total of 1,870,000 shares. Based on an average daily volume of 589,700 shares, the short-interest ratio is currently 3.9 days. Currently, 1.4% of the company's shares are sold short.
View Black Stone Minerals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our BSM earnings forecast.

Black Stone Minerals, L.P. (NYSE:BSM) announced its quarterly earnings results on Monday, May, 1st. The oil and gas producer reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The oil and gas producer earned $174.58 million during the quarter, compared to analysts' expectations of $138.68 million. Black Stone Minerals had a net margin of 77.07% and a trailing twelve-month return on equity of 54.18%.

Black Stone Minerals announced a quarterly dividend on Wednesday, April 19th. Shareholders of record on Friday, May 12th will be paid a dividend of $0.475 per share on Friday, May 19th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 11.77%. The ex-dividend date of this dividend is Thursday, May 11th.
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), First Trust Multi-Asset Diversified Income Index Fund (MDIV), RH Hedged Multi-Asset Income ETF (AMAX), Arrow Dow Jones Global Yield ETF (GYLD) and 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 11.64%. 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 68.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, BSM will have a dividend payout ratio of 123.38% 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 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."

Black Stone Minerals' stock is owned by many different retail and institutional investors. Top institutional investors include William Marsh Rice University (2.70%), CIBC Private Wealth Group LLC (0.76%), Penn Davis Mcfarland Inc. (0.74%), Investment Management Associates Inc. ADV (0.49%), Bank of America Corp DE (0.33%) and Fayez Sarofim & Co (0.23%). Insiders that own company stock include D Mark Dewalch, Dawn Smajstrla, Jeffrey P Wood, Luke Stevens Putman and Thomas L Carter Jr.
View institutional ownership trends.

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 $16.14.

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.39 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 $2.76 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.