Black Stone Minerals (NYSE:BSM) posted its quarterly earnings results on Sunday. The oil and gas producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07), MarketWatch Earnings reports. Black Stone Minerals had a net margin of 31.42% and a return on equity of 16.85%.
Black Stone Minerals stock traded down $0.32 during mid-day trading on Tuesday, reaching $9.37. 36,621 shares of the company’s stock were exchanged, compared to its average volume of 696,384. The company has a market cap of $2.08 billion, a P/E ratio of 18.28 and a beta of 1.57. Black Stone Minerals has a twelve month low of $4.04 and a twelve month high of $10.13. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $8.69 and a 200-day moving average of $7.22.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 23rd. Stockholders of record on Tuesday, February 16th will be issued a $0.175 dividend. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Friday, February 12th. Black Stone Minerals’s dividend payout ratio is currently 60.34%.
Several research firms have recently weighed in on BSM. Raymond James increased their price target on shares of Black Stone Minerals from $12.00 to $13.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 4th. Citigroup upped their price objective on shares of Black Stone Minerals from $7.00 to $9.00 in a report on Tuesday, January 19th. TheStreet upgraded shares of Black Stone Minerals from a “c” rating to a “b-” rating in a report on Tuesday, February 2nd. Finally, Zacks Investment Research upgraded shares of Black Stone Minerals from a “sell” rating to a “hold” rating in a report on Thursday, January 28th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.80.
About Black Stone Minerals
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.
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