Black Stone Minerals (BSM) Set to Announce Quarterly Earnings on Monday

Black Stone Minerals (NYSE:BSM) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Black Stone Minerals to post earnings of $0.34 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $190.84 million during the quarter, compared to analysts’ expectations of $142.67 million. Black Stone Minerals had a return on equity of 42.38% and a net margin of 70.46%. During the same quarter last year, the firm earned $0.71 earnings per share. On average, analysts expect Black Stone Minerals to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Black Stone Minerals Stock Up 1.2 %

Shares of NYSE:BSM opened at $16.39 on Friday. Black Stone Minerals has a 52-week low of $14.80 and a 52-week high of $18.55. The stock has a market cap of $3.45 billion, a P/E ratio of 8.76 and a beta of 0.91. The business has a fifty day moving average of $15.82 and a two-hundred day moving average of $16.36.

Black Stone Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date of this dividend is Thursday, May 9th. Black Stone Minerals’s dividend payout ratio is currently 101.60%.

Insider Activity at Black Stone Minerals

In related news, Director D Mark Dewalch bought 3,250 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average price of $15.47 per share, with a total value of $50,277.50. Following the completion of the purchase, the director now directly owns 320,436 shares in the company, valued at approximately $4,957,144.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Black Stone Minerals from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Stifel Nicolaus decreased their price objective on Black Stone Minerals from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd.

About Black Stone Minerals

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.