Wall Street analysts forecast that Black Stone Minerals, L.P. (NYSE:BSM) will post earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Black Stone Minerals, L.P.’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.16. Black Stone Minerals, L.P. reported earnings per share of $0.14 during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 6th.

On average, analysts expect that Black Stone Minerals, L.P. will report full-year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.68 to $0.85. For the next financial year, analysts expect that the firm will report earnings of $0.76 per share, with EPS estimates ranging from $0.64 to $0.88. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Black Stone Minerals, L.P..

Black Stone Minerals, L.P. (NYSE:BSM) last released its earnings results on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.14. The firm had revenue of $120.52 million during the quarter, compared to analyst estimates of $95.87 million. Black Stone Minerals, L.P. had a net margin of 22.71% and a return on equity of 12.98%.

BSM has been the subject of a number of analyst reports. Barclays PLC reissued an “overweight” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Black Stone Minerals, L.P. in a research report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Black Stone Minerals, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of Black Stone Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price objective on shares of Black Stone Minerals, L.P. in a research report on Friday, July 14th. Finally, TheStreet raised shares of Black Stone Minerals, L.P. from a “d+” rating to a “c” rating in a research report on Thursday, June 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.00.

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In related news, CEO Thomas L. Carter, Jr. bought 17,600 shares of Black Stone Minerals, L.P. stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $16.95 per share, with a total value of $298,320.00. Following the acquisition, the chief executive officer now owns 1,110,923 shares of the company’s stock, valued at approximately $18,830,144.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Carter, Jr. bought 7,750 shares of Black Stone Minerals, L.P. stock in a transaction that occurred on Friday, June 9th. The shares were bought at an average cost of $15.86 per share, with a total value of $122,915.00. Following the acquisition, the chief executive officer now directly owns 1,124,273 shares in the company, valued at approximately $17,830,969.78. The disclosure for this purchase can be found here. Insiders have purchased a total of 44,000 shares of company stock valued at $719,635 in the last ninety days. 24.30% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of Black Stone Minerals, L.P. by 47.9% in the first quarter. Morgan Stanley now owns 2,973,063 shares of the oil and gas producer’s stock valued at $49,086,000 after buying an additional 962,824 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Black Stone Minerals, L.P. during the second quarter valued at approximately $8,726,000. Goldman Sachs Group Inc. increased its stake in shares of Black Stone Minerals, L.P. by 54.8% in the first quarter. Goldman Sachs Group Inc. now owns 995,362 shares of the oil and gas producer’s stock valued at $16,433,000 after buying an additional 352,537 shares during the last quarter. Wade G W & Inc. bought a new stake in shares of Black Stone Minerals, L.P. during the first quarter valued at approximately $3,260,000. Finally, First Trust Advisors LP increased its stake in shares of Black Stone Minerals, L.P. by 36.0% in the first quarter. First Trust Advisors LP now owns 490,253 shares of the oil and gas producer’s stock valued at $8,094,000 after buying an additional 129,890 shares during the last quarter. 24.83% of the stock is owned by institutional investors and hedge funds.

Black Stone Minerals, L.P. (NYSE BSM) traded down 0.49% on Wednesday, reaching $16.35. 256,243 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $16.06 and its 200-day moving average is $16.76. Black Stone Minerals, L.P. has a 12 month low of $15.12 and a 12 month high of $19.86. The firm has a market cap of $3.16 billion, a PE ratio of 47.67 and a beta of 0.30.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 17th will be issued a dividend of $0.313 per share. This is an increase from Black Stone Minerals, L.P.’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, August 15th. This represents a $1.25 annualized dividend and a dividend yield of 7.66%. Black Stone Minerals, L.P.’s payout ratio is presently 138.56%.

About Black Stone Minerals, L.P.

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

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