Black Stone Minerals (NYSE:BSM) Issues Quarterly Earnings Results

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

Shares of Black Stone Minerals stock traded down $0.38 during trading on Tuesday, reaching $9.31. The company’s stock had a trading volume of 22,843 shares, compared to its average volume of 696,384. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.19. Black Stone Minerals has a 12-month low of $4.04 and a 12-month high of $10.13. The company has a market capitalization of $2.06 billion, a P/E ratio of 18.28 and a beta of 1.57. The business has a 50 day moving average price of $8.69 and a 200-day moving average price of $7.22.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 23rd. Investors of record on Tuesday, February 16th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 12th. This is an increase from Black Stone Minerals’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.52%. Black Stone Minerals’s payout ratio is 60.34%.

Several research firms have commented on BSM. 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 report on Thursday, February 4th. Zacks Investment Research raised Black Stone Minerals from a “sell” rating to a “hold” rating in a report on Thursday, January 28th. Citigroup boosted their target price on Black Stone Minerals from $7.00 to $9.00 in a report on Tuesday, January 19th. Finally, TheStreet raised Black Stone Minerals from a “c” rating to a “b-” rating in a report on Tuesday, February 2nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $9.80.

Black Stone Minerals Company Profile

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.

Featured Story: Leveraged Buyout (LBO)

Earnings History for Black Stone Minerals (NYSE:BSM)

Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.