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

Black Stone Minerals (NYSE:BSM) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last announced its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.65 earnings per share (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 analyst estimates 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 period last year, the firm posted $0.71 EPS. 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 Performance

Shares of NYSE:BSM opened at $16.39 on Friday. The company has a market capitalization of $3.45 billion, a P/E ratio of 8.76 and a beta of 0.91. The company’s 50-day moving average is $15.82 and its 200 day moving average is $16.37. Black Stone Minerals has a fifty-two week low of $14.80 and a fifty-two week high of $18.55.

Black Stone Minerals Cuts Dividend

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

Insider Activity

In related news, Director D Mark Dewalch purchased 3,250 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of $15.47 per share, with a total value of $50,277.50. Following the completion of the acquisition, the director now directly owns 320,436 shares of the company’s stock, valued at $4,957,144.92. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 19.60% of the company’s stock.

Analyst Ratings Changes

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

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.