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 twelve months. 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.
View BSM analyst ratings or view top-rated stocks.

4 brokerages have issued 1-year price targets for Black Stone Minerals' shares. Their BSM share price forecasts range from $16.00 to $22.00. On average, they expect the company's stock price to reach $19.75 in the next twelve months. This suggests a possible upside of 21.7% 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 $10.33 at the beginning of 2022. Since then, BSM shares have increased by 57.1% and is now trading at $16.23.
View the best growth stocks for 2022 here.

Black Stone Minerals saw a increase in short interest in 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 trading volume of 641,100 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.3% of the company's stock are short sold.
View Black Stone Minerals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our BSM earnings forecast.

Black Stone Minerals, L.P. (NYSE:BSM) released its quarterly earnings results on Monday, August, 1st. The oil and gas producer reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The oil and gas producer earned $180.37 million during the quarter, compared to analysts' expectations of $156.08 million. Black Stone Minerals had a trailing twelve-month return on equity of 41.83% and a net margin of 60.34%. During the same quarter in the previous year, the firm posted $0.25 EPS.

Black Stone Minerals declared a quarterly dividend on Monday, July 25th. Shareholders 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 dividend on an annualized basis and a dividend yield of 10.35%. 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 10.73%. 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 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."

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.
Compare Top Brokerages Here.

One share of BSM stock can currently be purchased for approximately $16.23.

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.64 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.