Equities analysts forecast that Black Stone Minerals LP (NYSE:BSM) will post earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Black Stone Minerals’ earnings. Black Stone Minerals posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to announce its next earnings results on Monday, May 6th.

On average, analysts expect that Black Stone Minerals will report full-year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.02 to $1.59. For the next financial year, analysts anticipate that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.94 to $1.12. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Black Stone Minerals.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Black Stone Minerals from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research note on Thursday, February 28th. Raymond James set a $22.00 price objective on Black Stone Minerals and gave the company a “buy” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $20.75.

Shares of BSM stock opened at $17.68 on Monday. The firm has a market capitalization of $3.63 billion, a P/E ratio of 12.11 and a beta of 0.63. Black Stone Minerals has a 1 year low of $15.23 and a 1 year high of $19.29. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.45.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Tuesday, February 19th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 8.37%. The ex-dividend date was Friday, February 15th. Black Stone Minerals’s payout ratio is 101.37%.

In other Black Stone Minerals news, CFO Jeffrey P. Wood sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $17.51, for a total value of $140,080.00. Following the transaction, the chief financial officer now directly owns 110,219 shares of the company’s stock, valued at approximately $1,929,934.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brock Morris sold 60,000 shares of Black Stone Minerals stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $17.32, for a total transaction of $1,039,200.00. Following the sale, the senior vice president now directly owns 378,806 shares in the company, valued at approximately $6,560,919.92. The disclosure for this sale can be found here. Insiders sold a total of 120,785 shares of company stock worth $2,060,194 over the last three months. Corporate insiders own 25.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new stake in Black Stone Minerals in the fourth quarter valued at approximately $96,000. Jane Street Group LLC purchased a new stake in Black Stone Minerals in the fourth quarter valued at approximately $183,000. Raymond James Financial Services Advisors Inc. raised its position in Black Stone Minerals by 10.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,164 shares of the oil and gas producer’s stock valued at $204,000 after purchasing an additional 1,200 shares during the period. California Public Employees Retirement System purchased a new stake in Black Stone Minerals in the second quarter valued at approximately $323,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Black Stone Minerals in the fourth quarter valued at approximately $387,000. 16.68% of the stock is currently owned by institutional investors.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.

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Earnings History and Estimates for Black Stone Minerals (NYSE:BSM)

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