Black Stone Minerals - BSM Stock Forecast, Price & News

4 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, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BSM shares.
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4 equities research analysts have issued 1 year target prices for Black Stone Minerals' stock. Their BSM share price forecasts range from $19.00 to $22.00. On average, they predict the company's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price.
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Black Stone Minerals' stock was trading at $10.33 at the start of the year. Since then, BSM shares have increased by 78.6% and is now trading at $18.45.
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Black Stone Minerals saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,860,000 shares, an increase of 10.1% from the October 31st total of 1,690,000 shares. Based on an average daily volume of 688,500 shares, the short-interest ratio is presently 2.7 days. Currently, 1.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 20th 2023.
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Black Stone Minerals, L.P. (NYSE:BSM) released its quarterly earnings data 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 had revenue of $59.83 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Black Stone Minerals announced a quarterly dividend on Wednesday, October 19th. Investors of record on Thursday, November 10th will be given a dividend of $0.45 per share on Thursday, November 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date of this dividend is Wednesday, November 9th. This is an increase 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 9.60%. 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 81.45% 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 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 many different institutional and retail investors. Top institutional investors include UBS Group AG (1.61%), Penn Davis Mcfarland Inc. (0.70%), CIBC Private Wealth Group LLC (0.65%), Brown Advisory Inc. (0.47%), Investment Management Associates Inc. ADV (0.32%) and Spirit of America Management Corp NY (0.21%). 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 $18.45.

Black Stone Minerals (NYSE:BSM) has a market capitalization of $3.86 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.