Black Stone Minerals (NYSE:BSM – Get Free Report) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05), Zacks reports. Black Stone Minerals had a return on equity of 41.48% and a net margin of 61.72%.
Black Stone Minerals Stock Performance
Shares of NYSE BSM traded down $0.14 during mid-day trading on Monday, hitting $14.71. The stock had a trading volume of 804,570 shares, compared to its average volume of 398,657. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.76 and a current ratio of 3.76. The company has a 50 day moving average of $14.78 and a two-hundred day moving average of $14.50. Black Stone Minerals has a twelve month low of $12.93 and a twelve month high of $15.49. The firm has a market cap of $3.13 billion, a PE ratio of 12.15 and a beta of 0.14.
Black Stone Minerals Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.5%. This is a boost from Black Stone Minerals’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 6th. Black Stone Minerals’s dividend payout ratio is presently 105.79%.
Insider Buying and Selling
In other Black Stone Minerals news, Director James Whitehead sold 2,127,105 shares of Black Stone Minerals stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $13.21, for a total transaction of $28,099,057.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Weiss Ratings upgraded shares of Black Stone Minerals from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $15.00.
About Black Stone Minerals
Black Stone Minerals, L.P. (NYSE: BSM) is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The company’s interests entitle it to receive a portion of production or revenue from properties operated and developed by exploration and production companies, generally without bearing the same level of operating costs as working-interest owners.
Black Stone’s portfolio includes mineral, royalty, overriding royalty and working interests in several major U.S.
See Also
- Five stocks we like better than Black Stone Minerals
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
