Black Stone Minerals (BSM) to Release Quarterly Earnings on Monday

Black Stone Minerals (NYSE:BSM) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). The company had revenue of $109.62 million for the quarter, compared to analyst estimates of $124.24 million. Black Stone Minerals had a return on equity of 37.93% and a net margin of 64.88%. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, analysts expect Black Stone Minerals to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Black Stone Minerals Stock Performance

Black Stone Minerals stock opened at $14.92 on Monday. The company has a 50 day moving average price of $14.89 and a 200 day moving average price of $15.39. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 9.69 and a beta of 0.93. Black Stone Minerals has a 52 week low of $13.94 and a 52 week high of $18.55.

Black Stone Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 10.05%. The ex-dividend date of this dividend is Friday, November 8th. Black Stone Minerals’s dividend payout ratio is currently 97.40%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BSM. Piper Sandler lowered 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. StockNews.com raised Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th.

Insider Activity at Black Stone Minerals

In other news, CEO Thomas L. Carter, Jr. purchased 100,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $14.12 per share, with a total value of $1,412,000.00. Following the acquisition, the chief executive officer now directly owns 3,133,128 shares in the company, valued at approximately $44,239,767.36. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other 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 value of $275,014.88. Following the completion of the transaction, the senior vice president now owns 116,923 shares in the company, valued at approximately $1,735,137.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas L. Carter, Jr. bought 100,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $14.12 per share, for a total transaction of $1,412,000.00. Following the completion of the transaction, the chief executive officer now owns 3,133,128 shares in the company, valued at $44,239,767.36. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 19.60% of the stock is 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.