Black Stone Minerals (BSM) Expected to Announce Earnings on Monday

Black Stone Minerals (NYSE:BSM) is projected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Black Stone Minerals to post earnings of $0.39 per share and revenue of $115.46 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Black Stone Minerals Stock Performance

Shares of BSM opened at $14.87 on Friday. Black Stone Minerals has a 1 year low of $13.78 and a 1 year high of $16.92. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 9.18 and a beta of 0.94. The firm has a fifty day moving average of $14.78 and a 200-day moving average of $14.87.

Black Stone Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 10.09%. The ex-dividend date of this dividend is Tuesday, February 18th. Black Stone Minerals’s dividend payout ratio (DPR) is 92.59%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BSM. StockNews.com raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Piper Sandler reduced their price objective on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a 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.