Wall Street analysts predict that Black Stone Minerals LP (NYSE:BSM) will post sales of $134.03 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Black Stone Minerals’ earnings, with the highest sales estimate coming in at $139.89 million and the lowest estimate coming in at $130.00 million. Black Stone Minerals posted sales of $109.31 million during the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, August 5th.
According to Zacks, analysts expect that Black Stone Minerals will report full year sales of $500.88 million for the current year, with estimates ranging from $467.00 million to $531.59 million. For the next year, analysts expect that the firm will post sales of $555.80 million, with estimates ranging from $516.00 million to $602.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Black Stone Minerals.
Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings data on Monday, February 25th. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.44. Black Stone Minerals had a return on equity of 25.55% and a net margin of 36.75%. The business had revenue of $246.05 million during the quarter, compared to analyst estimates of $137.77 million.
In other Black Stone Minerals news, SVP Luke Stevens Putman sold 18,783 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $17.32, for a total value of $325,321.56. Following the sale, the senior vice president now owns 304,910 shares in the company, valued at approximately $5,281,041.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Holbrook F. Dorn sold 15,358 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $18.51, for a total value of $284,276.58. Following the completion of the sale, the senior vice president now owns 730,274 shares in the company, valued at approximately $13,517,371.74. The disclosure for this sale can be found here. Insiders sold a total of 162,125 shares of company stock worth $2,852,869 in the last 90 days. Company insiders own 24.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Black Stone Minerals during the 1st quarter worth approximately $71,000. PNC Financial Services Group Inc. bought a new stake in shares of Black Stone Minerals during the 4th quarter worth approximately $96,000. Jane Street Group LLC bought a new stake in shares of Black Stone Minerals during the 4th quarter worth approximately $183,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Black Stone Minerals by 10.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,164 shares of the oil and gas producer’s stock worth $204,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Sprott Inc. bought a new stake in shares of Black Stone Minerals during the 1st quarter worth approximately $234,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.
Shares of BSM opened at $16.52 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.33 and a quick ratio of 2.33. Black Stone Minerals has a 52-week low of $15.23 and a 52-week high of $19.29. The company has a market capitalization of $3.39 billion, a P/E ratio of 11.39 and a beta of 0.63.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 8.96%. The ex-dividend date of this dividend was Wednesday, May 15th. Black Stone Minerals’s payout ratio is 102.07%.
Black Stone Minerals Company Profile
Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and 64 onshore basins in the continental United States.
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