Black Stone Minerals (NYSE:BSM) Announces Earnings Results

Black Stone Minerals (NYSE:BSM) posted its quarterly earnings data on Monday. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21), Zacks reports. The firm had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $115.46 million. Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%.

Black Stone Minerals Trading Up 1.4 %

Shares of NYSE:BSM opened at $15.16 on Wednesday. The company has a fifty day simple moving average of $14.81 and a 200 day simple moving average of $14.88. The firm has a market cap of $3.19 billion, a PE ratio of 9.35 and a beta of 0.94. Black Stone Minerals has a 12-month low of $13.78 and a 12-month high of $16.92.

Black Stone Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.90%. Black Stone Minerals’s dividend payout ratio is currently 92.59%.

Analyst Ratings Changes

BSM has been the topic of a number of analyst reports. StockNews.com lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler dropped their price objective on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th.

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.