Black Stone Minerals (NYSE:BSM) Issues Earnings Results, Misses Estimates By $0.21 EPS

Black Stone Minerals (NYSE:BSM) issued its quarterly earnings data on Monday. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21), Zacks reports. Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%.

Black Stone Minerals Stock Performance

Shares of NYSE BSM opened at $14.95 on Tuesday. The company has a market capitalization of $3.15 billion, a P/E ratio of 9.23 and a beta of 0.94. Black Stone Minerals has a 52-week low of $13.78 and a 52-week high of $16.92. The company’s 50 day moving average price is $14.81 and its 200-day moving average price is $14.88.

Black Stone Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.03%. Black Stone Minerals’s dividend payout ratio (DPR) is currently 92.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, November 18th. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Monday, December 16th.

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 1.6 million gross acres located in 41 states in the United States.