Black Stone Minerals, L.P. (NYSE:BSM – Free Report) – Stock analysts at KeyCorp raised their FY2023 EPS estimates for shares of Black Stone Minerals in a note issued to investors on Monday, October 16th. KeyCorp analyst T. Rezvan now expects that the oil and gas producer will post earnings of $1.77 per share for the year, up from their previous estimate of $1.76. The consensus estimate for Black Stone Minerals’ current full-year earnings is $1.86 per share. KeyCorp also issued estimates for Black Stone Minerals’ Q4 2023 earnings at $0.43 EPS.
Black Stone Minerals (NYSE:BSM – Get Free Report) last released its quarterly earnings results on Monday, July 31st. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). Black Stone Minerals had a return on equity of 48.98% and a net margin of 75.74%. The firm had revenue of $117.00 million for the quarter, compared to analysts’ expectations of $116.33 million.
View Our Latest Research Report on BSM
Black Stone Minerals Price Performance
Black Stone Minerals stock opened at $17.88 on Wednesday. Black Stone Minerals has a 12-month low of $13.41 and a 12-month high of $20.24. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 7.10 and a beta of 1.03. The firm’s fifty day moving average price is $17.34 and its 200 day moving average price is $16.61.
Institutional Investors Weigh In On Black Stone Minerals
Several hedge funds and other institutional investors have recently modified their holdings of BSM. Sfmg LLC boosted its holdings in shares of Black Stone Minerals by 4.6% in the 1st quarter. Sfmg LLC now owns 22,622 shares of the oil and gas producer’s stock valued at $355,000 after buying an additional 1,001 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Black Stone Minerals during the 2nd quarter valued at about $210,000. Wealth Alliance Advisory Group LLC acquired a new position in Black Stone Minerals during the 2nd quarter valued at about $309,000. Kovack Advisors Inc. boosted its stake in Black Stone Minerals by 32.9% during the 2nd quarter. Kovack Advisors Inc. now owns 20,885 shares of the oil and gas producer’s stock valued at $333,000 after purchasing an additional 5,165 shares during the period. Finally, Mraz Amerine & Associates Inc. boosted its stake in Black Stone Minerals by 1.4% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 134,647 shares of the oil and gas producer’s stock valued at $2,113,000 after purchasing an additional 1,892 shares during the period. Institutional investors own 13.32% of the company’s stock.
Black Stone Minerals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 11th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 10.63%. The ex-dividend date was Thursday, August 10th. Black Stone Minerals’s payout ratio is currently 75.40%.
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 16.8 million gross acres, and overriding royalty interests in 1.8 million gross acres located in 41 states in the United States.
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