Equities analysts predict that Black Stone Minerals LP (NYSE:BSM) will post sales of $136.61 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Black Stone Minerals’ earnings, with the lowest sales estimate coming in at $131.31 million and the highest estimate coming in at $141.51 million. Black Stone Minerals posted sales of $139.72 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings results on Monday, November 4th.
According to Zacks, analysts expect that Black Stone Minerals will report full-year sales of $526.09 million for the current financial year, with estimates ranging from $507.06 million to $548.22 million. For the next financial year, analysts expect that the business will post sales of $541.65 million, with estimates ranging from $501.06 million to $613.89 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Black Stone Minerals.
A number of brokerages have weighed in on BSM. Citigroup set a $16.00 price target on Black Stone Minerals and gave the stock a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research raised Black Stone Minerals from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Finally, ValuEngine downgraded Black Stone Minerals from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Black Stone Minerals currently has an average rating of “Hold” and an average target price of $20.25.
Several institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Black Stone Minerals by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 297,384 shares of the oil and gas producer’s stock valued at $5,246,000 after purchasing an additional 835 shares during the last quarter. Sprott Inc. grew its position in shares of Black Stone Minerals by 6.8% in the second quarter. Sprott Inc. now owns 14,197 shares of the oil and gas producer’s stock valued at $220,000 after purchasing an additional 900 shares during the last quarter. Howard Financial Services LTD. grew its position in shares of Black Stone Minerals by 2.2% in the second quarter. Howard Financial Services LTD. now owns 50,719 shares of the oil and gas producer’s stock valued at $786,000 after purchasing an additional 1,107 shares during the last quarter. Arlington Partners LLC acquired a new position in shares of Black Stone Minerals in the second quarter valued at approximately $29,000. Finally, Van ECK Associates Corp grew its position in shares of Black Stone Minerals by 2.3% in the second quarter. Van ECK Associates Corp now owns 118,674 shares of the oil and gas producer’s stock valued at $1,839,000 after purchasing an additional 2,639 shares during the last quarter. 20.88% of the stock is currently owned by institutional investors.
Shares of NYSE BSM opened at $14.07 on Tuesday. The business’s 50 day moving average price is $14.78 and its two-hundred day moving average price is $16.61. The company has a market cap of $2.94 billion, a PE ratio of 11.06 and a beta of 0.58. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Black Stone Minerals has a twelve month low of $13.61 and a twelve month high of $19.03.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.52%. The ex-dividend date of this dividend was Wednesday, August 14th. 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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