Black Stone Minerals (BSM) Scheduled to Post Quarterly Earnings on Monday

Black Stone Minerals (NYSE:BSM) is scheduled to be issuing 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 interested in registering for 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, topping analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $190.84 million during the quarter, compared to analysts’ expectations of $142.67 million. Black Stone Minerals had a net margin of 70.46% and a return on equity of 42.38%. During the same quarter in the previous year, the business posted $0.71 earnings per share. 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 Trading Up 0.1 %

Shares of BSM opened at $16.10 on Monday. The stock has a market cap of $3.39 billion, a P/E ratio of 8.61 and a beta of 0.92. The company has a 50-day moving average of $15.73 and a two-hundred day moving average of $16.41. Black Stone Minerals has a 12-month low of $14.80 and a 12-month high of $18.55.

Black Stone Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date is Thursday, May 9th. Black Stone Minerals’s dividend payout ratio is presently 80.21%.

Analysts Set New Price Targets

BSM has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Black Stone Minerals from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Stifel Nicolaus decreased their target price 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.

Insider Activity at Black Stone Minerals

In related news, Director D Mark Dewalch purchased 3,250 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were 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 approximately $4,957,144.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.60% of the stock is currently owned by corporate insiders.

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.