Black Stone Minerals, L.P. (NYSE:BSM) – Equities research analysts at Piper Sandler lifted their Q3 2021 EPS estimates for Black Stone Minerals in a research report issued to clients and investors on Tuesday, May 11th. Piper Sandler analyst P. Hammond now expects that the oil and gas producer will earn $0.12 per share for the quarter, up from their previous estimate of $0.11. Piper Sandler also issued estimates for Black Stone Minerals’ Q4 2021 earnings at $0.11 EPS, FY2021 earnings at $0.50 EPS, Q1 2022 earnings at $0.19 EPS, Q2 2022 earnings at $0.16 EPS, Q3 2022 earnings at $0.18 EPS, Q4 2022 earnings at $0.20 EPS and FY2022 earnings at $0.73 EPS.
Several other equities analysts have also weighed in on BSM. Citigroup lifted their price target on Black Stone Minerals from $9.00 to $110.00 in a research note on Tuesday, April 27th. Zacks Investment Research upgraded Black Stone Minerals from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, May 5th. Raymond James lifted their price target on Black Stone Minerals from $12.00 to $13.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 4th. Finally, TheStreet lowered Black Stone Minerals from a “b-” rating to a “c” rating in a research note on Thursday, March 18th.
Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings data on Monday, May 3rd. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.05). Black Stone Minerals had a net margin of 31.42% and a return on equity of 16.85%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Friday, May 14th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $0.70 annualized dividend and a yield of 6.91%. Black Stone Minerals’s dividend payout ratio (DPR) is currently 60.34%.
In other Black Stone Minerals news, CFO Jeffrey P. Wood sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $10.51, for a total transaction of $525,500.00. Following the completion of the sale, the chief financial officer now directly owns 442,369 shares in the company, valued at approximately $4,649,298.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. 24.60% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of BSM. Childress Capital Advisors LLC acquired a new position in shares of Black Stone Minerals during the 4th quarter worth approximately $25,000. Optimum Investment Advisors boosted its holdings in shares of Black Stone Minerals by 100.0% during the 1st quarter. Optimum Investment Advisors now owns 4,000 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 2,000 shares during the last quarter. Crescent Capital Consulting LLC acquired a new position in Black Stone Minerals in the fourth quarter valued at approximately $40,000. Annandale Capital LLC acquired a new position in Black Stone Minerals in the fourth quarter valued at approximately $74,000. Finally, Blair William & Co. IL acquired a new position in Black Stone Minerals in the fourth quarter valued at approximately $116,000. Institutional investors and hedge funds own 19.11% of the company’s stock.
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 1.7 million gross acres located in 41 states in the United States.
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