Equities analysts expect that Black Stone Minerals (NYSE:BSM) will report $0.18 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Black Stone Minerals’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.14. Black Stone Minerals posted earnings per share of $0.36 during the same quarter last year, which would suggest a negative year over year growth rate of 50%. The business is scheduled to report its next earnings results after the market closes on Monday, May 7th.
On average, analysts expect that Black Stone Minerals will report full year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.88. For the next year, analysts anticipate that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.71 to $0.97. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Black Stone Minerals.
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Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $95.44 million during the quarter, compared to analysts’ expectations of $106.55 million. Black Stone Minerals had a return on equity of 12.93% and a net margin of 22.90%.
A number of research firms have recently issued reports on BSM. TheStreet raised shares of Black Stone Minerals from a “c” rating to a “b-” rating in a research report on Monday, April 30th. Zacks Investment Research lowered shares of Black Stone Minerals from a “buy” rating to a “sell” rating in a research report on Tuesday, May 1st. Stifel Nicolaus began coverage on shares of Black Stone Minerals in a research report on Wednesday, January 17th. They issued a “hold” rating and a $19.00 price target for the company. Finally, Citigroup reduced their price target on shares of Black Stone Minerals from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, March 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Black Stone Minerals presently has a consensus rating of “Hold” and an average target price of $19.17.
In other Black Stone Minerals news, Director Alexander D. Stuart acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average price of $17.43 per share, with a total value of $261,450.00. Following the completion of the transaction, the director now owns 335,234 shares in the company, valued at $5,843,128.62. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas L. Carter, Jr. acquired 14,240 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average cost of $17.26 per share, for a total transaction of $245,782.40. Following the transaction, the chief executive officer now owns 972,182 shares of the company’s stock, valued at approximately $16,779,861.32. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 56,664 shares of company stock worth $985,821. Insiders own 25.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in Black Stone Minerals during the fourth quarter valued at approximately $170,000. Jane Street Group LLC bought a new position in Black Stone Minerals during the fourth quarter valued at approximately $221,000. Acadian Asset Management LLC bought a new position in Black Stone Minerals during the fourth quarter valued at approximately $221,000. Renaissance Technologies LLC bought a new position in Black Stone Minerals during the fourth quarter valued at approximately $245,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Black Stone Minerals during the fourth quarter valued at approximately $297,000. 22.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE BSM traded down $0.04 during mid-day trading on Thursday, reaching $17.60. The company had a trading volume of 117,472 shares, compared to its average volume of 132,730. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $3,513.77, a price-to-earnings ratio of 17.78 and a beta of 0.39. Black Stone Minerals has a 12-month low of $15.12 and a 12-month high of $19.03.
Black Stone Minerals Company Profile
Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.
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