Equities research analysts predict that Black Stone Minerals LP (NYSE:BSM) will announce sales of $109.11 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Black Stone Minerals’ earnings. The lowest sales estimate is $106.11 million and the highest is $112.11 million. Black Stone Minerals reported sales of $124.58 million in the same quarter last year, which would suggest a negative year over year growth rate of 12.4%. The firm is expected to report its next earnings results on Monday, May 14th.
On average, analysts expect that Black Stone Minerals will report full year sales of $109.11 million for the current fiscal year, with estimates ranging from $444.79 million to $471.65 million. For the next year, analysts anticipate that the company will report sales of $476.63 million per share, with estimates ranging from $458.09 million to $495.16 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Black Stone Minerals.
A number of research firms have weighed in on BSM. Stifel Nicolaus set a $18.00 target price on Black Stone Minerals and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Zacks Investment Research upgraded Black Stone Minerals from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, January 15th. Finally, Barclays set a $18.00 target price on Black Stone Minerals and gave the stock a “buy” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.00.
In other news, SVP Brock Morris sold 25,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $17.31, for a total transaction of $432,750.00. Following the completion of the sale, the senior vice president now owns 321,825 shares in the company, valued at approximately $5,570,790.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dawn Smajstrla sold 6,664 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $17.23, for a total value of $114,820.72. Following the sale, the vice president now owns 23,514 shares of the company’s stock, valued at approximately $405,146.22. The disclosure for this sale can be found here. Insiders have sold a total of 65,644 shares of company stock valued at $1,168,941 in the last quarter. Insiders own 25.00% of the company’s stock.
Several large investors have recently made changes to their positions in the company. CI Global Investments Inc. lifted its position in shares of Black Stone Minerals by 71.8% during the 4th quarter. CI Global Investments Inc. now owns 2,808,151 shares of the oil and gas producer’s stock valued at $50,378,000 after acquiring an additional 1,173,754 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Black Stone Minerals by 9.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,834,552 shares of the oil and gas producer’s stock valued at $32,912,000 after acquiring an additional 162,071 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Black Stone Minerals by 10.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 613,870 shares of the oil and gas producer’s stock valued at $10,645,000 after acquiring an additional 60,175 shares during the last quarter. Dumac Inc. acquired a new stake in shares of Black Stone Minerals during the 4th quarter valued at $3,169,000. Finally, Deutsche Bank AG acquired a new stake in shares of Black Stone Minerals during the 4th quarter valued at $1,941,000. Institutional investors own 22.74% of the company’s stock.
BSM stock traded down $0.01 on Thursday, reaching $17.16. The company’s stock had a trading volume of 142,977 shares, compared to its average volume of 158,335. The firm has a market capitalization of $1,824.52, a P/E ratio of 17.33 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 1.47. Black Stone Minerals has a 12-month low of $15.12 and a 12-month high of $19.03.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.28%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 126.26%.
WARNING: “Zacks: Analysts Expect Black Stone Minerals LP (BSM) Will Announce Quarterly Sales of $109.11 Million” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/20/zacks-analysts-expect-black-stone-minerals-lp-bsm-will-announce-quarterly-sales-of-109-11-million.html.
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.
Get a free copy of the Zacks research report on Black Stone Minerals (BSM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.