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

Black Stone Minerals (NYSE:BSM) is set to issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). Black Stone Minerals had a net margin of 66.29% and a return on equity of 38.71%. The firm had revenue of $105.49 million during the quarter, compared to analyst estimates of $119.50 million. 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 Down 3.1 %

Shares of NYSE BSM opened at $14.49 on Friday. Black Stone Minerals has a 12 month low of $14.37 and a 12 month high of $18.55. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 9.41 and a beta of 0.93. The business has a fifty day simple moving average of $15.66 and a 200-day simple moving average of $15.82.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 10.35%. The ex-dividend date is Friday, August 9th. Black Stone Minerals’s payout ratio is 97.40%.

Analyst Ratings Changes

Separately, KeyCorp started coverage on Black Stone Minerals in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.50.

Black Stone Minerals Company Profile

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.