Black Stone Minerals, L.P. (BSM) Given News Impact Rating of 0.13
Media coverage about Black Stone Minerals, L.P. (NYSE:BSM) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Black Stone Minerals, L.P. earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 47.3989443148374 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Black Stone Minerals About To Put More Money In Your Pocket (BSM) (nasdaq.com)
- Black Stone Minerals, L.P. (NYSE:BSM) & Newfield Exploration (NFX) Financial Contrast (americanbankingnews.com)
- Zacks: Analysts Anticipate Black Stone Minerals, L.P. (BSM) to Announce $0.18 EPS (americanbankingnews.com)
- Black Stone Minerals, L.P. (BSM) Declares $0.31 Dividend (americanbankingnews.com)
- Edited Transcript of BSM earnings conference call or presentation 8-Aug-17 2:00pm GMT (finance.yahoo.com)
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Black Stone Minerals, L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $18.00 target price on shares of Black Stone Minerals, L.P. in a report on Friday, July 14th. Scotiabank set a $20.00 target price on shares of Black Stone Minerals, L.P. and gave the stock a “hold” rating in a report on Saturday, July 22nd. Barclays PLC restated an “overweight” rating and set a $19.00 target price (down from $20.00) on shares of Black Stone Minerals, L.P. in a report on Wednesday, May 17th. Finally, BidaskClub upgraded shares of Black Stone Minerals, L.P. from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.00.
Shares of Black Stone Minerals, L.P. (BSM) traded up 3.28% during trading on Friday, reaching $17.00. 348,710 shares of the company were exchanged. Black Stone Minerals, L.P. has a one year low of $15.12 and a one year high of $19.86. The company has a market capitalization of $3.28 billion, a PE ratio of 23.19 and a beta of 0.30. The firm’s 50 day moving average price is $16.21 and its 200 day moving average price is $16.69.
Black Stone Minerals, L.P. (NYSE:BSM) last issued its quarterly earnings data on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.14. Black Stone Minerals, L.P. had a return on equity of 12.98% and a net margin of 22.71%. The business had revenue of $120.52 million for the quarter, compared to analysts’ expectations of $95.87 million. Equities research analysts forecast that Black Stone Minerals, L.P. will post $0.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.313 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This is a boost from Black Stone Minerals, L.P.’s previous quarterly dividend of $0.29. This represents a $1.25 annualized dividend and a yield of 7.36%. Black Stone Minerals, L.P.’s dividend payout ratio (DPR) is 138.56%.
In other Black Stone Minerals, L.P. news, Director Alexander D. Stuart bought 18,650 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was purchased at an average cost of $16.00 per share, with a total value of $298,400.00. Following the transaction, the director now directly owns 310,698 shares in the company, valued at approximately $4,971,168. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Thomas L. Carter, Jr. bought 7,750 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average cost of $15.86 per share, with a total value of $122,915.00. Following the completion of the transaction, the chief executive officer now owns 1,124,273 shares in the company, valued at $17,830,969.78. The disclosure for this purchase can be found here. 24.30% of the stock is currently owned by company insiders.
Black Stone Minerals, L.P. Company Profile
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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