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Analysts Anticipate Black Stone Minerals LP (BSM) Will Announce Earnings of $0.15 Per Share

Black Stone Minerals logoEquities research analysts forecast that Black Stone Minerals LP (NYSE:BSM) will announce $0.15 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Black Stone Minerals’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.16. Black Stone Minerals reported earnings of ($0.08) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 287.5%. The company is expected to report its next quarterly earnings report on Monday, August 14th.

According to Zacks, analysts expect that Black Stone Minerals will report full year earnings of $0.71 per share for the current financial year, with EPS estimates ranging from $0.65 to $0.78. For the next year, analysts expect that the firm will report earnings of $0.83 per share, with EPS estimates ranging from $0.60 to $1.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Black Stone Minerals.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, February 27th. The oil and gas producer reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.15. The firm had revenue of $56.71 million for the quarter, compared to the consensus estimate of $88.72 million. Black Stone Minerals had a negative net margin of 5.00% and a positive return on equity of 6.26%.

BSM has been the subject of a number of research analyst reports. Scotiabank set a $20.00 target price on Black Stone Minerals and gave the company a “hold” rating in a research note on Monday, April 3rd. Stifel Nicolaus upgraded Black Stone Minerals from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Finally, TheStreet cut Black Stone Minerals from a “c” rating to a “d+” rating in a research note on Thursday, March 30th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $20.00.

Black Stone Minerals (NYSE:BSM) traded down 0.77% during midday trading on Friday, hitting $16.79. The stock had a trading volume of 389,491 shares. The firm’s 50-day moving average price is $16.39 and its 200 day moving average price is $17.77. Black Stone Minerals has a 12 month low of $14.24 and a 12 month high of $19.86. The company has a market cap of $3.23 billion, a P/E ratio of 48.95 and a beta of 0.33.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 18th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend is Tuesday, May 16th. Black Stone Minerals’s dividend payout ratio (DPR) is presently -958.25%.

In related news, SVP Brock Morris sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $16.33, for a total transaction of $293,940.00. Following the completion of the transaction, the senior vice president now owns 286,539 shares of the company’s stock, valued at approximately $4,679,181.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Dawn Smajstrla sold 7,851 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $17.19, for a total value of $134,958.69. Following the transaction, the vice president now directly owns 19,976 shares of the company’s stock, valued at approximately $343,387.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,851 shares of company stock valued at $549,299. 24.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its position in Black Stone Minerals by 10.7% in the fourth quarter. GSA Capital Partners LLP now owns 157,291 shares of the oil and gas producer’s stock worth $2,954,000 after buying an additional 15,177 shares during the period. A.R.T. Advisors LLC bought a new position in Black Stone Minerals during the fourth quarter worth $807,000. Yost Capital Management L.L.C. raised its position in Black Stone Minerals by 6.9% in the fourth quarter. Yost Capital Management L.L.C. now owns 136,203 shares of the oil and gas producer’s stock worth $2,558,000 after buying an additional 8,810 shares during the period. Allianz Asset Management AG raised its position in Black Stone Minerals by 115.1% in the fourth quarter. Allianz Asset Management AG now owns 99,750 shares of the oil and gas producer’s stock worth $1,873,000 after buying an additional 53,375 shares during the period. Finally, William Marsh Rice University bought a new position in Black Stone Minerals during the fourth quarter worth $78,973,000. 15.15% of the stock is owned by institutional investors.

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Black Stone Minerals Company Profile

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

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