Brokerages expect Black Stone Minerals, L.P. (NYSE:BSM) to announce sales of $81.35 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Black Stone Minerals’ earnings, with the lowest sales estimate coming in at $74.00 million and the highest estimate coming in at $95.00 million. Black Stone Minerals reported sales of $38.53 million in the same quarter last year, which indicates a positive year-over-year growth rate of 111.1%. The company is expected to issue its next quarterly earnings results on Monday, August 2nd.
According to Zacks, analysts expect that Black Stone Minerals will report full-year sales of $321.80 million for the current financial year, with estimates ranging from $284.00 million to $409.00 million. For the next financial year, analysts anticipate that the company will post sales of $389.56 million, with estimates ranging from $362.00 million to $448.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Black Stone Minerals.
Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, May 3rd. The oil and gas producer reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.05). Black Stone Minerals had a return on equity of 12.19% and a net margin of 23.23%. The firm had revenue of $61.57 million for the quarter, compared to analyst estimates of $80.03 million.
In other Black Stone Minerals news, SVP Luke Stevens Putman sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 19th. The shares were sold at an average price of $9.82, for a total value of $491,000.00. Following the transaction, the senior vice president now directly owns 465,956 shares of the company’s stock, valued at $4,575,687.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.10% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. SoftVest Advisors LLC bought a new position in shares of Black Stone Minerals in the fourth quarter valued at $14,095,000. Penn Davis Mcfarland Inc. lifted its stake in shares of Black Stone Minerals by 6,530.0% in the first quarter. Penn Davis Mcfarland Inc. now owns 1,162,175 shares of the oil and gas producer’s stock valued at $10,134,000 after buying an additional 1,144,646 shares in the last quarter. Kempner Capital Management Inc. lifted its stake in shares of Black Stone Minerals by 4.7% in the first quarter. Kempner Capital Management Inc. now owns 470,616 shares of the oil and gas producer’s stock valued at $4,104,000 after buying an additional 21,000 shares in the last quarter. Fayez Sarofim & Co lifted its stake in shares of Black Stone Minerals by 150.3% in the first quarter. Fayez Sarofim & Co now owns 461,748 shares of the oil and gas producer’s stock valued at $4,026,000 after buying an additional 277,283 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Black Stone Minerals in the fourth quarter valued at $2,832,000. 17.62% of the stock is currently owned by hedge funds and other institutional investors.
NYSE BSM traded down $0.06 on Friday, hitting $10.41. 3,118 shares of the company were exchanged, compared to its average volume of 334,664. The stock has a market capitalization of $2.16 billion, a P/E ratio of 26.03 and a beta of 1.56. Black Stone Minerals has a 12 month low of $5.77 and a 12 month high of $11.18. The stock’s fifty day moving average is $10.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.14 and a current ratio of 1.14.
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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