Black Stone Minerals (NYSE:BSM) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Black Stone Minerals (NYSE:BSM) posted its earnings results on Sunday. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.07), MarketWatch Earnings reports. Black Stone Minerals had a return on equity of 16.85% and a net margin of 31.42%.

Shares of BSM traded down $0.26 during midday trading on Tuesday, reaching $9.43. The stock had a trading volume of 9,019 shares, compared to its average volume of 696,384. The company’s 50-day moving average is $8.69 and its 200 day moving average is $7.22. Black Stone Minerals has a 12-month low of $4.04 and a 12-month high of $10.13. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 18.28 and a beta of 1.57.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 23rd. Shareholders of record on Tuesday, February 16th will be given a dividend of $0.175 per share. This is an increase from Black Stone Minerals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 12th. This represents a $0.70 dividend on an annualized basis and a yield of 7.42%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 60.34%.

Several research analysts have recently weighed in on BSM shares. Citigroup upped their price target on shares of Black Stone Minerals from $7.00 to $9.00 in a report on Tuesday, January 19th. Zacks Investment Research upgraded Black Stone Minerals from a “sell” rating to a “hold” rating in a research note on Thursday, January 28th. Raymond James lifted their price target on Black Stone Minerals from $12.00 to $13.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 4th. Finally, TheStreet raised Black Stone Minerals from a “c” rating to a “b-” rating in a report on Tuesday, February 2nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Black Stone Minerals presently has an average rating of “Buy” and a consensus target price of $9.80.

About Black Stone Minerals

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests. The company owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States.

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Earnings History for Black Stone Minerals (NYSE:BSM)

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