Black Stone Minerals (NYSE:BSM) Posts Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Black Stone Minerals (NYSE:BSM) issued its earnings results on Monday. The oil and gas producer reported $0.18 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 Trading Up 0.1 %

NYSE:BSM traded up $0.01 on Monday, reaching $14.95. The stock had a trading volume of 587,023 shares, compared to its average volume of 439,375. The company has a 50-day moving average of $14.79 and a 200 day moving average of $14.88. The stock has a market cap of $3.15 billion, a P/E ratio of 9.23 and a beta of 0.94. Black Stone Minerals has a 12-month low of $13.78 and a 12-month high of $16.92.

Black Stone Minerals Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler reduced their price target on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th.

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.