Wall Street brokerages forecast that Black Stone Minerals, L.P. (NYSE:BSM) will post sales of $91.32 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Black Stone Minerals’ earnings, with the highest sales estimate coming in at $114.00 million and the lowest estimate coming in at $78.00 million. Black Stone Minerals posted sales of $43.74 million in the same quarter last year, which suggests a positive year-over-year growth rate of 108.8%. The business is scheduled to issue its next quarterly earnings results on Monday, November 1st.
According to Zacks, analysts expect that Black Stone Minerals will report full year sales of $315.21 million for the current year, with estimates ranging from $268.00 million to $409.00 million. For the next year, analysts anticipate that the company will post sales of $404.10 million, with estimates ranging from $350.00 million to $448.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Black Stone Minerals.
Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings results on Sunday, August 1st. The oil and gas producer reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). Black Stone Minerals had a net margin of 33.35% and a return on equity of 19.35%. The firm had revenue of $58.44 million during the quarter, compared to analysts’ expectations of $81.84 million.
Shares of BSM stock traded down $0.33 during mid-day trading on Monday, reaching $10.72. The stock had a trading volume of 333,360 shares, compared to its average volume of 440,188. Black Stone Minerals has a 12-month low of $5.77 and a 12-month high of $11.43. The company has a market cap of $2.24 billion, a P/E ratio of 34.58 and a beta of 1.56. The business has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $10.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.13.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.33%. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.18. Black Stone Minerals’s dividend payout ratio (DPR) is presently 170.21%.
In other Black Stone Minerals news, CAO Dawn Smajstrla sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $9.97, for a total value of $74,775.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.10% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Black Stone Minerals in the 2nd quarter worth about $104,000. Avidian Wealth Solutions LLC acquired a new position in shares of Black Stone Minerals in the 2nd quarter valued at about $109,000. Goldman Sachs Group Inc. acquired a new position in shares of Black Stone Minerals in the 2nd quarter valued at about $161,000. Acadian Asset Management LLC lifted its stake in shares of Black Stone Minerals by 101.2% in the 1st quarter. Acadian Asset Management LLC now owns 25,550 shares of the oil and gas producer’s stock valued at $223,000 after purchasing an additional 12,850 shares in the last quarter. Finally, Boston Private Wealth LLC acquired a new position in shares of Black Stone Minerals in the 1st quarter valued at about $225,000. 17.48% of the stock is currently owned by hedge funds and other institutional investors.
Black Stone Minerals Company Profile
Black Stone Minerals LP is an exploration company. The firm engages in the exploration of oil and natural gas minerals. It focuses in the operation of Louisiana-Mississippi Salt Basins, Western Gulf, Permian Basin, Palo Duro Basin, East Texas Basin, Anadarko Basin, Appalachian Basin, Arkoma Basin, Bend Arch-Fort Worth, and Southwestern Wyoming.
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