Q1 2022 EPS Estimates for Black Stone Minerals, L.P. Increased by KeyCorp (NYSE:BSM)

Black Stone Minerals, L.P. (NYSE:BSMGet Rating) – Equities researchers at KeyCorp lifted their Q1 2022 earnings per share estimates for shares of Black Stone Minerals in a research report issued to clients and investors on Sunday, April 10th. KeyCorp analyst L. Mariani now anticipates that the oil and gas producer will post earnings of $0.36 per share for the quarter, up from their prior estimate of $0.32. KeyCorp also issued estimates for Black Stone Minerals’ Q2 2022 earnings at $0.39 EPS, Q3 2022 earnings at $0.35 EPS, Q4 2022 earnings at $0.35 EPS, FY2022 earnings at $1.45 EPS, Q1 2023 earnings at $0.41 EPS, Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.41 EPS, Q4 2023 earnings at $0.42 EPS and FY2023 earnings at $1.63 EPS.

Several other brokerages also recently issued reports on BSM. Zacks Investment Research raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, January 27th. Piper Sandler raised their price target on shares of Black Stone Minerals from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 7th. Finally, StockNews.com downgraded shares of Black Stone Minerals from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $33.40.

Shares of NYSE:BSM opened at $15.21 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.12. Black Stone Minerals has a 52-week low of $9.22 and a 52-week high of $15.34. The company has a 50 day moving average of $12.67 and a two-hundred day moving average of $11.90. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 20.28 and a beta of 1.25.

Black Stone Minerals (NYSE:BSMGet Rating) last issued its quarterly earnings data on Monday, February 21st. The oil and gas producer reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. Black Stone Minerals had a net margin of 50.66% and a return on equity of 29.37%. The company had revenue of $179.42 million during the quarter, compared to the consensus estimate of $104.66 million. During the same quarter last year, the company earned $0.12 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 23rd. Stockholders of record on Wednesday, February 16th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, February 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.10%. This is an increase from Black Stone Minerals’s previous quarterly dividend of $0.25. Black Stone Minerals’s dividend payout ratio (DPR) is presently 144.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Financial Group LLC bought a new position in Black Stone Minerals during the fourth quarter worth $32,000. Geneos Wealth Management Inc. bought a new position in Black Stone Minerals during the third quarter worth $33,000. McIlrath & Eck LLC bought a new position in Black Stone Minerals during the third quarter worth $40,000. Chilton Capital Management LLC bought a new position in Black Stone Minerals during the fourth quarter worth $71,000. Finally, Guardian Wealth Management Inc. bought a new position in Black Stone Minerals during the fourth quarter worth $102,000. Hedge funds and other institutional investors own 15.71% of the company’s stock.

About Black Stone Minerals (Get Rating)

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 1.7 million gross acres located in 41 states in the United States.

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Earnings History and Estimates for Black Stone Minerals (NYSE:BSM)

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