Black Stone Minerals (NYSE:BSM) Issues Quarterly Earnings Results

Black Stone Minerals (NYSE:BSM) posted its quarterly 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 $0.36 during trading hours on Tuesday, hitting $9.33. The company had a trading volume of 10,328 shares, compared to its average volume of 696,384. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 18.28 and a beta of 1.57. The business has a fifty day moving average of $8.69 and a 200-day moving average of $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 quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.19.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 23rd. Stockholders of record on Tuesday, February 16th will be given a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 12th. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 7.50%. Black Stone Minerals’s dividend payout ratio is presently 60.34%.

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

Black Stone Minerals Company Profile

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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