Black Stone Minerals (NYSE:BSM) Announces Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Black Stone Minerals (NYSE:BSM) issued its quarterly earnings data on Monday. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.19), FiscalAI reports. Black Stone Minerals had a net margin of 61.67% and a return on equity of 41.82%. The business had revenue of $59.36 million during the quarter, compared to the consensus estimate of $107.38 million.

Black Stone Minerals Trading Down 0.3%

Shares of BSM stock traded down $0.05 on Wednesday, reaching $13.64. 55,708 shares of the stock were exchanged, compared to its average volume of 406,543. The stock has a market cap of $2.90 billion, a PE ratio of 10.78 and a beta of 0.07. Black Stone Minerals has a one year low of $11.78 and a one year high of $15.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.88 and a quick ratio of 3.88. The stock has a 50 day moving average price of $14.71 and a 200 day moving average price of $14.23.

Black Stone Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 8th will be given a $0.30 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.20 annualized dividend and a yield of 8.8%. Black Stone Minerals’s payout ratio is presently 93.75%.

Wall Street Analyst Weigh In

BSM has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Black Stone Minerals from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Zacks Research downgraded Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Black Stone Minerals in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $14.00.

Insider Buying and Selling at Black Stone Minerals

In other news, SVP Luke Stevens Putman sold 29,386 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $14.45, for a total transaction of $424,627.70. Following the completion of the sale, the senior vice president owned 732,031 shares in the company, valued at $10,577,847.95. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 17.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Black Stone Minerals

Institutional investors and hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC bought a new stake in shares of Black Stone Minerals during the fourth quarter worth $43,000. Kestra Advisory Services LLC bought a new stake in shares of Black Stone Minerals during the fourth quarter worth $86,000. Tower Research Capital LLC TRC raised its position in shares of Black Stone Minerals by 7,822.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer’s stock worth $95,000 after acquiring an additional 7,197 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of Black Stone Minerals during the fourth quarter worth $134,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Black Stone Minerals during the fourth quarter worth $160,000. Institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.