Black Stone Minerals LP (NYSE:BSM) Expected to Post Earnings of $0.26 Per Share

Brokerages forecast that Black Stone Minerals LP (NYSE:BSM) will post $0.26 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Black Stone Minerals’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.25. Black Stone Minerals reported earnings of $0.17 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 52.9%. The business is expected to report its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that Black Stone Minerals will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.91. For the next year, analysts anticipate that the firm will post earnings of $1.05 per share, with EPS estimates ranging from $0.87 to $1.22. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Black Stone Minerals.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, May 6th. The oil and gas producer reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.23). The business had revenue of $83.81 million during the quarter, compared to the consensus estimate of $131.96 million. Black Stone Minerals had a return on equity of 25.55% and a net margin of 36.75%.

A number of analysts have commented on the company. ValuEngine lowered Black Stone Minerals from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Royal Bank of Canada started coverage on Black Stone Minerals in a report on Thursday, April 18th. They issued an “outperform” rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.50.

In other news, Director D Mark Dewalch acquired 5,350 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $16.44 per share, with a total value of $87,954.00. Following the completion of the acquisition, the director now directly owns 174,272 shares of the company’s stock, valued at approximately $2,865,031.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Holbrook F. Dorn sold 15,503 shares of Black Stone Minerals stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $18.51, for a total value of $286,960.53. Following the completion of the sale, the senior vice president now directly owns 730,274 shares of the company’s stock, valued at approximately $13,517,371.74. The disclosure for this sale can be found here. Insiders sold 30,863 shares of company stock valued at $571,269 in the last ninety days. 24.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Black Stone Minerals by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 297,384 shares of the oil and gas producer’s stock worth $5,246,000 after acquiring an additional 835 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Black Stone Minerals by 10.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,164 shares of the oil and gas producer’s stock worth $204,000 after acquiring an additional 1,200 shares during the period. Kempner Capital Management Inc. grew its holdings in shares of Black Stone Minerals by 1.1% in the first quarter. Kempner Capital Management Inc. now owns 153,489 shares of the oil and gas producer’s stock worth $2,708,000 after acquiring an additional 1,700 shares during the period. Arlington Partners LLC bought a new stake in shares of Black Stone Minerals in the second quarter worth $29,000. Finally, Raymond James & Associates grew its holdings in Black Stone Minerals by 4.1% during the first quarter. Raymond James & Associates now owns 92,063 shares of the oil and gas producer’s stock valued at $1,624,000 after purchasing an additional 3,664 shares during the period. 17.39% of the stock is owned by institutional investors.

Shares of Black Stone Minerals stock traded up $0.01 on Friday, reaching $14.97. The company’s stock had a trading volume of 501,982 shares, compared to its average volume of 174,205. The company has a market cap of $3.08 billion, a P/E ratio of 10.32 and a beta of 0.58. The company’s fifty day moving average price is $15.28. Black Stone Minerals has a 52 week low of $14.80 and a 52 week high of $19.29. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.52.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.89%. The ex-dividend date is Wednesday, August 14th. Black Stone Minerals’s payout ratio is currently 102.07%.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and 64 onshore basins in the continental United States.

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

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