Black Stone Minerals (NYSE:BSM) Posts Earnings Results, Beats Estimates By $0.06 EPS

Black Stone Minerals (NYSE:BSM) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06, Zacks reports. The firm had revenue of $134.86 million for the quarter, compared to analyst estimates of $117.68 million. Black Stone Minerals had a net margin of 64.88% and a return on equity of 37.93%. During the same quarter in the prior year, the firm earned $0.27 EPS.

Black Stone Minerals Stock Up 1.5 %

Shares of Black Stone Minerals stock traded up $0.22 during trading on Wednesday, reaching $15.13. The company’s stock had a trading volume of 887,875 shares, compared to its average volume of 442,391. Black Stone Minerals has a 52-week low of $13.94 and a 52-week high of $18.25. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 10.22 and a beta of 0.94. The firm’s 50-day moving average is $14.90 and its two-hundred day moving average is $15.33.

Black Stone Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.91%. Black Stone Minerals’s dividend payout ratio (DPR) is 101.35%.

Insider Activity

In other news, SVP Carrie Pearson Clark sold 18,532 shares of the company’s 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 completion of the sale, the senior vice president now owns 116,923 shares of the company’s stock, valued at approximately $1,735,137.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Black Stone Minerals news, SVP Carrie Pearson Clark sold 18,532 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $14.84, for a total transaction of $275,014.88. Following the completion of the sale, the senior vice president now owns 116,923 shares of the company’s stock, valued at $1,735,137.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas L. Carter, Jr. purchased 100,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $14.12 per share, with a total value of $1,412,000.00. Following the transaction, the chief executive officer now directly owns 3,133,128 shares in the company, valued at $44,239,767.36. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Piper Sandler decreased their price target on shares of Black Stone Minerals from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th.

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.