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

Black Stone Minerals (NYSE:BSM) is scheduled to issue 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. Parties that wish to listen to the company’s conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.29 earnings per share 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 analysts’ expectations 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 period in the prior 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 Trading Up 0.7 %

NYSE:BSM opened at $14.87 on Friday. The company has a market cap of $3.35 billion, a PE ratio of 10.05 and a beta of 0.93. Black Stone Minerals has a twelve month low of $13.94 and a twelve month high of $18.55. The company’s 50 day moving average is $14.89 and its two-hundred day moving average is $15.35.

Black Stone Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 10.09%. The ex-dividend date of this dividend is Friday, November 8th. Black Stone Minerals’s dividend payout ratio is presently 101.35%.

Analysts Set New Price Targets

Several research firms have weighed in on BSM. StockNews.com raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Piper Sandler decreased their price objective on shares of Black Stone Minerals from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th.

Insider Buying and Selling at Black Stone Minerals

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

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.