Black Stone Minerals (NYSE:BSM) Posts Earnings Results, Misses Expectations By $0.07 EPS

Black Stone Minerals (NYSE:BSM) posted its quarterly earnings data on Sunday. The oil and gas producer reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.07), MarketWatch Earnings reports. Black Stone Minerals had a net margin of 31.42% and a return on equity of 16.85%.

NYSE BSM traded down $0.37 on Tuesday, reaching $9.32. 661,957 shares of the company were exchanged, compared to its average volume of 695,443. The business’s fifty day moving average price is $8.74 and its 200 day moving average price is $7.23. The stock has a market capitalization of $2.06 billion, a P/E ratio of 17.58 and a beta of 1.57. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.19. Black Stone Minerals has a fifty-two week low of $4.04 and a fifty-two week high of $10.13.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 23rd. Shareholders of record on Tuesday, February 16th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 12th. This represents a $0.70 dividend on an annualized basis and a yield of 7.51%. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.15. Black Stone Minerals’s payout ratio is 60.34%.

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Black Stone Minerals from $7.00 to $9.00 in a research report on Tuesday, January 19th. TheStreet upgraded Black Stone Minerals from a “c” rating to a “b-” rating in a research report on Tuesday, February 2nd. Zacks Investment Research upgraded Black Stone Minerals from a “sell” rating to a “hold” rating in a research report on Thursday, January 28th. Finally, Raymond James lifted their price target on Black Stone Minerals from $12.00 to $13.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 4th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $9.80.

About Black Stone Minerals

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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