Black Stone Minerals (NYSE:BSM) Announces Earnings Results

Black Stone Minerals (NYSE:BSM) announced its quarterly earnings data on Monday. The oil and gas producer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21), Zacks reports. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%.

Black Stone Minerals Stock Up 0.1 %

Shares of Black Stone Minerals stock opened at $14.95 on Tuesday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 9.23 and a beta of 0.94. Black Stone Minerals has a 12-month low of $13.78 and a 12-month high of $16.92. The firm’s 50-day moving average price is $14.81 and its two-hundred day moving average price is $14.88.

Black Stone Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a yield of 10.03%. Black Stone Minerals’s payout ratio is 92.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Piper Sandler cut their price objective 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. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Monday, December 16th.

About Black Stone Minerals

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.