Black Stone Minerals (NYSE:BSM) Announces Earnings Results

Black Stone Minerals (NYSE:BSM) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06, Zacks reports. The business had revenue of $134.86 million for the quarter, compared to analysts’ expectations of $117.68 million. Black Stone Minerals had a net margin of 64.88% and a return on equity of 37.93%. During the same period last year, the business earned $0.27 earnings per share.

Black Stone Minerals Stock Performance

BSM stock remained flat at $14.94 on Tuesday. The company had a trading volume of 308,505 shares, compared to its average volume of 438,935. The company has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $15.34. Black Stone Minerals has a 12 month low of $13.94 and a 12 month high of $18.55. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 10.13 and a beta of 0.94.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date is Friday, November 8th. Black Stone Minerals’s payout ratio is 101.35%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com raised Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Piper Sandler dropped their price objective on Black Stone Minerals from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th.

Insider Buying and Selling

In related news, SVP Carrie Pearson Clark sold 18,532 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $14.84, for a total value of $275,014.88. Following the completion of the sale, the senior vice president now owns 116,923 shares of the company’s stock, valued at $1,735,137.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director D Mark Dewalch acquired 34,200 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $14.62 per share, for a total transaction of $500,004.00. Following the completion of the acquisition, the director now owns 357,005 shares in the company, valued at $5,219,413.10. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carrie Pearson Clark sold 18,532 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $14.84, for a total value of $275,014.88. Following the completion of the transaction, the senior vice president now owns 116,923 shares of the company’s stock, valued at approximately $1,735,137.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.60% of the stock is currently owned by insiders.

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.