Black Stone Minerals, L.P. (BSM) To Go Ex-Dividend on November 6th

Black Stone Minerals, L.P. (NYSE:BSM) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be given a dividend of $0.35 per share by the oil and gas producer on Friday, November 13th. This represents a $1.40 annualized dividend and a yield of 9.5%. The ex-dividend date is Friday, November 6th. This is a 9.4% increase from Black Stone Minerals’s previous quarterly dividend of $0.32.

Black Stone Minerals has increased its dividend by an average of 0.1% annually over the last three years. Black Stone Minerals has a payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Black Stone Minerals to earn $0.98 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 130.6%.

Black Stone Minerals Stock Performance

Shares of BSM opened at $14.71 on Friday. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.13 billion, a P/E ratio of 9.99 and a beta of 0.15. The firm’s fifty day simple moving average is $14.75 and its two-hundred day simple moving average is $14.28. Black Stone Minerals has a 12 month low of $12.92 and a 12 month high of $15.49.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. Black Stone Minerals had a return on equity of 41.48% and a net margin of 61.72%. The firm had revenue of $148.97 million during the quarter, compared to analyst estimates of $108.28 million. As a group, analysts predict that Black Stone Minerals will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research cut Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Weiss Ratings raised Black Stone Minerals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $15.00.

About Black Stone Minerals

Black Stone Minerals, L.P. (NYSE: BSM) is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The company’s interests entitle it to receive a portion of production or revenue from properties operated and developed by exploration and production companies, generally without bearing the same level of operating costs as working-interest owners.

Black Stone’s portfolio includes mineral, royalty, overriding royalty and working interests in several major U.S.