Analysts expect Black Stone Minerals LP (NYSE:BSM) to announce sales of $130.18 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Black Stone Minerals’ earnings. The lowest sales estimate is $125.09 million and the highest is $136.44 million. Black Stone Minerals reported sales of $109.31 million during the same quarter last year, which indicates a positive year over year growth rate of 19.1%. The company is scheduled to report its next earnings report on Monday, August 5th.
According to Zacks, analysts expect that Black Stone Minerals will report full-year sales of $487.22 million for the current fiscal year, with estimates ranging from $462.00 million to $508.74 million. For the next fiscal year, analysts anticipate that the business will post sales of $527.85 million, with estimates ranging from $487.00 million to $576.32 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow 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 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.23). The firm had revenue of $83.81 million during the quarter, compared to analyst estimates of $131.96 million. Black Stone Minerals had a net margin of 36.75% and a return on equity of 25.55%.
In related news, SVP Holbrook F. Dorn sold 15,503 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $18.51, for a total transaction of $286,960.53. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director D Mark Dewalch bought 5,350 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $16.44 per share, for a total transaction of $87,954.00. Following the completion of the purchase, the director now owns 174,272 shares in the company, valued at $2,865,031.68. The disclosure for this purchase can be found here. Corporate insiders own 24.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation N.A. increased its position in shares of Black Stone Minerals by 131.3% in the 2nd quarter. Zions Bancorporation N.A. now owns 6,012,972 shares of the oil and gas producer’s stock valued at $93,201,000 after purchasing an additional 3,413,272 shares during the last quarter. Spirit of America Management Corp NY purchased a new stake in shares of Black Stone Minerals in the 2nd quarter valued at approximately $5,915,000. Lee Financial Co increased its position in shares of Black Stone Minerals by 110.1% in the 2nd quarter. Lee Financial Co now owns 319,756 shares of the oil and gas producer’s stock valued at $4,956,000 after purchasing an additional 167,566 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Black Stone Minerals by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 297,384 shares of the oil and gas producer’s stock valued at $5,246,000 after purchasing an additional 835 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Black Stone Minerals by 9.4% in the 2nd quarter. First Trust Advisors LP now owns 288,090 shares of the oil and gas producer’s stock valued at $4,465,000 after purchasing an additional 24,815 shares during the last quarter. 17.44% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:BSM traded down $0.21 on Monday, hitting $14.76. The stock had a trading volume of 164,036 shares, compared to its average volume of 180,481. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market capitalization of $3.03 billion, a PE ratio of 10.18 and a beta of 0.58. The stock has a fifty day moving average price of $15.28. Black Stone Minerals has a 1-year low of $14.56 and a 1-year high of $19.29.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.48 annualized dividend and a dividend yield of 10.03%. Black Stone Minerals’s dividend payout ratio is currently 102.07%.
About Black Stone Minerals
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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