Black Stone Minerals (BSM) to Release Quarterly Earnings on Monday

Black Stone Minerals (NYSE:BSM) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $115.46 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Black Stone Minerals Stock Down 2.2 %

BSM stock opened at $14.87 on Friday. The firm’s fifty day simple moving average is $14.79 and its two-hundred day simple moving average is $14.87. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 9.18 and a beta of 0.94. Black Stone Minerals has a twelve month low of $13.78 and a twelve month high of $16.92.

Black Stone Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date is Tuesday, February 18th. Black Stone Minerals’s payout ratio is presently 92.59%.

Analyst Ratings Changes

BSM has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Piper Sandler lowered their price objective on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, November 18th.

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.