KeyCorp Lowers Earnings Estimates for Black Stone Minerals

Black Stone Minerals, L.P. (NYSE:BSM) – Research analysts at KeyCorp cut their Q3 2027 earnings estimates for Black Stone Minerals in a note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings of $0.28 per share for the quarter, down from their prior estimate of $0.30. The consensus estimate for Black Stone Minerals’ current full-year earnings is $0.92 per share.

Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, May 4th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.19). The company had revenue of $59.36 million during the quarter, compared to the consensus estimate of $107.38 million. Black Stone Minerals had a return on equity of 42.40% and a net margin of 61.67%.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Black Stone Minerals in a research note on Friday, April 24th. Royal Bank Of Canada started coverage on shares of Black Stone Minerals in a research note on Friday, May 29th. They set a “sector perform” rating and a $16.00 price target for the company. Piper Sandler boosted their price target on shares of Black Stone Minerals from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Finally, Zacks Research downgraded shares of Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $15.00.

Black Stone Minerals Trading Down 0.0%

BSM opened at $13.92 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 10.96 and a beta of 0.05. The firm has a 50 day simple moving average of $14.04 and a 200 day simple moving average of $14.31. Black Stone Minerals has a fifty-two week low of $11.78 and a fifty-two week high of $15.49.

Black Stone Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.20 annualized dividend and a yield of 8.6%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 94.49%.

Insider Activity

In related news, Director Ashley J. Longmaid sold 11,128 shares of Black Stone Minerals stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $13.45, for a total transaction of $149,671.60. Following the transaction, the director owned 137,335 shares of the company’s stock, valued at $1,847,155.75. This trade represents a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Thomas L. Carter, Jr. acquired 25,000 shares of Black Stone Minerals stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $13.47 per share, for a total transaction of $336,750.00. Following the purchase, the chairman directly owned 3,662,450 shares in the company, valued at $49,333,201.50. The trade was a 0.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 179,254 shares of company stock worth $2,407,265 and sold 69,900 shares worth $978,357. 17.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSM. Morgan Stanley boosted its stake in Black Stone Minerals by 57.1% during the 4th quarter. Morgan Stanley now owns 7,107,673 shares of the oil and gas producer’s stock worth $94,461,000 after acquiring an additional 2,582,823 shares during the last quarter. Northwestern University bought a new stake in shares of Black Stone Minerals during the fourth quarter worth $15,671,000. Saber Capital Managment LLC bought a new stake in shares of Black Stone Minerals during the fourth quarter worth $8,389,000. Investment Management Associates Inc. ADV increased its position in shares of Black Stone Minerals by 22.6% during the third quarter. Investment Management Associates Inc. ADV now owns 1,934,739 shares of the oil and gas producer’s stock worth $25,422,000 after acquiring an additional 356,852 shares in the last quarter. Finally, ING Groep NV increased its position in shares of Black Stone Minerals by 216.6% during the third quarter. ING Groep NV now owns 509,700 shares of the oil and gas producer’s stock worth $6,697,000 after acquiring an additional 348,700 shares in the last quarter. Institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.