Black Stone Minerals (BSM) Expected to Announce Quarterly Earnings on Monday

Black Stone Minerals (NYSE:BSM) is projected to issue its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $115.46 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Black Stone Minerals Price Performance

Shares of Black Stone Minerals stock opened at $15.13 on Monday. The business has a 50-day moving average of $14.74 and a 200-day moving average of $14.86. The company has a market capitalization of $3.19 billion, a PE ratio of 9.34 and a beta of 0.94. Black Stone Minerals has a 1-year low of $13.78 and a 1-year high of $16.92.

Black Stone Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.50 annualized dividend and a dividend yield of 9.92%. Black Stone Minerals’s payout ratio is 92.59%.

Wall Street Analysts Forecast Growth

Several 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 research report on Monday, December 16th. Piper Sandler reduced their price target on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th.

Black Stone Minerals Company Profile

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.