Black Stone Minerals (NYSE:BSM - Get Free Report) will release its earnings data after the market closes on Monday, November 4th. Analysts expect Black Stone Minerals to post earnings of $0.36 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Black Stone Minerals (NYSE:BSM - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). The company had revenue of $109.62 million during the quarter, compared to the consensus estimate of $124.24 million. Black Stone Minerals had a net margin of 64.88% and a return on equity of 37.93%. During the same period last year, the company earned $0.35 earnings per share. On average, analysts expect Black Stone Minerals to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Black Stone Minerals Stock Down 1.7 %
NYSE BSM traded down $0.25 during trading on Monday, reaching $14.67. 543,086 shares of the stock traded hands, compared to its average volume of 443,359. The stock's 50-day moving average price is $14.89 and its 200 day moving average price is $15.38. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 9.54 and a beta of 0.93. Black Stone Minerals has a fifty-two week low of $13.94 and a fifty-two week high of $18.55.
Black Stone Minerals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 10.22%. The ex-dividend date of this dividend is Friday, November 8th. Black Stone Minerals's dividend payout ratio (DPR) is 97.40%.
Insiders Place Their Bets
In related news, SVP Carrie Pearson Clark sold 18,532 shares of Black Stone Minerals stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $14.84, for a total value of $275,014.88. Following the sale, the senior vice president now owns 116,923 shares of the company's stock, valued at approximately $1,735,137.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Black Stone Minerals news, SVP Carrie Pearson Clark sold 18,532 shares of Black Stone Minerals stock in a transaction on Monday, August 26th. The shares were sold at an average price of $14.84, for a total value of $275,014.88. Following the sale, the senior vice president now directly owns 116,923 shares in the company, valued at approximately $1,735,137.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Carter, Jr. purchased 100,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $14.12 per share, for a total transaction of $1,412,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,133,128 shares in the company, valued at approximately $44,239,767.36. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 19.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on BSM shares. StockNews.com upgraded Black Stone Minerals from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Piper Sandler lowered their target price on Black Stone Minerals from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th.
Check Out Our Latest Analysis on Black Stone Minerals
About Black Stone Minerals
(
Get Free Report)
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.
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