Black Stone Minerals (NYSE:BSM) Posts Earnings Results, Misses Expectations By $0.21 EPS

Black Stone Minerals (NYSE:BSM - Get Free Report) issued its quarterly earnings data on Monday. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.21), Zacks reports. The firm had revenue of $83.73 million for the quarter, compared to the consensus estimate of $115.46 million. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%.

Black Stone Minerals Price Performance

Black Stone Minerals stock traded down $0.11 during mid-day trading on Friday, reaching $15.06. 178,008 shares of the company were exchanged, compared to its average volume of 466,391. The firm has a market cap of $3.17 billion, a PE ratio of 9.30 and a beta of 0.94. The company has a fifty day simple moving average of $14.88 and a 200-day simple moving average of $14.89. Black Stone Minerals has a 12 month low of $13.78 and a 12 month high of $16.92.

Black Stone Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 9.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Stone Minerals's dividend payout ratio (DPR) is currently 130.43%.

Wall Street Analysts Forecast Growth

BSM has been the subject of several recent research reports. StockNews.com downgraded Black Stone Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday. Piper Sandler reduced their target price on shares of Black Stone Minerals from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, November 18th.

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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.