Black Stone Minerals (BSM) to Release Quarterly Earnings on Monday

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

Black Stone Minerals Stock Performance

NYSE:BSM opened at $14.87 on Friday. The firm has a market cap of $3.13 billion, a P/E ratio of 9.18 and a beta of 0.94. Black Stone Minerals has a fifty-two week low of $13.78 and a fifty-two week high of $16.92. The firm has a 50-day simple moving average of $14.79 and a two-hundred day simple moving average of $14.87.

Black Stone Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a yield of 10.09%. Black Stone Minerals’s dividend payout ratio is currently 92.59%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler lowered their price target on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock 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.