Black Stone Minerals, L.P. (BSM) To Go Ex-Dividend on May 8th

Black Stone Minerals, L.P. (NYSE:BSM) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Friday, May 8th will be given a dividend of 0.30 per share by the oil and gas producer on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, May 8th.

Black Stone Minerals has raised its dividend by an average of 0.1%annually over the last three years. Black Stone Minerals has a payout ratio of 77.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Black Stone Minerals to earn $1.18 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 101.7%.

Black Stone Minerals Price Performance

Shares of NYSE:BSM opened at $13.69 on Wednesday. Black Stone Minerals has a twelve month low of $11.78 and a twelve month high of $15.49. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.91 billion, a PE ratio of 10.78 and a beta of 0.07. The company’s 50 day moving average is $14.71 and its 200 day moving average is $14.23.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.19). The business had revenue of $59.36 million for the quarter, compared to analyst estimates of $107.38 million. Black Stone Minerals had a net margin of 61.67% and a return on equity of 41.82%. On average, sell-side analysts forecast that Black Stone Minerals will post 0.93 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler upped their price target on shares of Black Stone Minerals from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Black Stone Minerals in a report on Friday, April 24th. Finally, Zacks Research downgraded Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Black Stone Minerals currently has an average rating of “Reduce” and a consensus price target of $14.00.

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.