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

Black Stone Minerals (NYSE:BSM) will be announcing its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, May 6th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.08). Black Stone Minerals had a return on equity of 38.71% and a net margin of 66.29%. The firm had revenue of $105.49 million during the quarter, compared to the consensus estimate of $119.50 million. On average, analysts expect Black Stone Minerals to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Black Stone Minerals Stock Performance

Shares of Black Stone Minerals stock opened at $14.49 on Friday. Black Stone Minerals has a 52-week low of $14.37 and a 52-week high of $18.55. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.41 and a beta of 0.93. The company’s 50 day moving average price is $15.66 and its 200-day moving average price is $15.82.

Black Stone Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 10.35%. The ex-dividend date is Friday, August 9th. Black Stone Minerals’s dividend payout ratio is 97.40%.

Wall Street Analyst Weigh In

Separately, KeyCorp began coverage on Black Stone Minerals in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.50.

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.