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

Black Stone Minerals (NYSE:BSM) is expected 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 wish to register for the company’s conference call can do so using this link.

Black Stone Minerals Price Performance

NYSE BSM opened at $14.87 on Friday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 9.18 and a beta of 0.94. The company’s fifty day moving average is $14.78 and its two-hundred day moving average is $14.87. Black Stone Minerals has a 52-week low of $13.78 and a 52-week high of $16.92.

Black Stone Minerals Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BSM shares. 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 dropped their target price on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, November 18th.

Black Stone Minerals Company Profile

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.