Black Stone Minerals (NYSE:BSM – Get Free Report) released its earnings results on Monday. The oil and gas producer reported $0.18 earnings per share 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 Price Performance
Shares of BSM traded up $0.01 during trading hours on Monday, hitting $14.95. 587,023 shares of the company were exchanged, compared to its average volume of 439,375. The company has a market capitalization of $3.15 billion, a PE ratio of 9.23 and a beta of 0.94. The firm has a fifty day simple moving average of $14.79 and a 200-day simple moving average of $14.88. Black Stone Minerals has a one year low of $13.78 and a one year high of $16.92.
Black Stone Minerals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.50 annualized dividend and a dividend yield of 10.03%. Black Stone Minerals’s dividend payout ratio is currently 92.59%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Black Stone Minerals
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.
See Also
- Five stocks we like better than Black Stone Minerals
- Canadian Penny Stocks: Can They Make You Rich?
- Finding Hidden Gems: Unconventional Penny Stock Investing
- Value Investing: Is it a Good Strategy in 2022? (Hint: Always)
- Price Targets on NVIDIA Rise in Front of Earnings
- What is diluted earnings per share (Diluted EPS)?
- Archer Aviation Stock Skids: Mistaking Progress for Bad News?
Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.