Wall Street brokerages expect that Black Stone Minerals, L.P. (NYSE:BSM) will post earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Black Stone Minerals’ earnings. The highest EPS estimate is $0.14 and the lowest is $0.11. Black Stone Minerals reported earnings of $0.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 550%. The company is expected to announce its next earnings results on Monday, August 2nd.
On average, analysts expect that Black Stone Minerals will report full year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.47. For the next year, analysts expect that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.73 to $1.14. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Black Stone Minerals.
Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, May 3rd. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). The company had revenue of $61.57 million for the quarter, compared to the consensus estimate of $80.03 million. Black Stone Minerals had a net margin of 23.23% and a return on equity of 12.19%.
Shares of BSM traded down $0.06 during mid-day trading on Thursday, reaching $10.41. The company’s stock had a trading volume of 3,118 shares, compared to its average volume of 334,664. The firm has a market capitalization of $2.16 billion, a PE ratio of 26.03 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.14 and a current ratio of 1.14. Black Stone Minerals has a 52 week low of $5.77 and a 52 week high of $11.18. The stock’s fifty day moving average price is $10.26.
In related news, SVP Luke Stevens Putman sold 50,000 shares of Black Stone Minerals stock in a transaction on Wednesday, May 19th. The shares were sold at an average price of $9.82, for a total value of $491,000.00. Following the transaction, the senior vice president now directly owns 465,956 shares of the company’s stock, valued at $4,575,687.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 21.10% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Childress Capital Advisors LLC purchased a new position in Black Stone Minerals during the 4th quarter valued at $25,000. Optimum Investment Advisors increased its position in Black Stone Minerals by 100.0% during the 1st quarter. Optimum Investment Advisors now owns 4,000 shares of the oil and gas producer’s stock valued at $35,000 after purchasing an additional 2,000 shares during the period. Baker Ellis Asset Management LLC increased its position in Black Stone Minerals by 15.0% during the 1st quarter. Baker Ellis Asset Management LLC now owns 23,000 shares of the oil and gas producer’s stock valued at $201,000 after purchasing an additional 3,000 shares during the period. Acadian Asset Management LLC increased its position in Black Stone Minerals by 101.2% during the 1st quarter. Acadian Asset Management LLC now owns 25,550 shares of the oil and gas producer’s stock valued at $223,000 after purchasing an additional 12,850 shares during the period. Finally, Boston Private Wealth LLC purchased a new position in Black Stone Minerals during the 1st quarter valued at $225,000. 17.62% of the stock is currently owned by institutional investors and hedge funds.
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 1.7 million gross acres located in 41 states in the United States.
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