Analysts expect that Black Stone Minerals LP (NYSE:BSM) will report $0.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Black Stone Minerals’ earnings. The lowest EPS estimate is $0.23 and the highest is $0.31. Black Stone Minerals reported earnings of $0.16 per share during the same quarter last year, which would indicate a positive year over year growth rate of 62.5%. The business is expected to announce its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Black Stone Minerals will report full-year earnings of $0.87 per share for the current year. For the next financial year, analysts forecast that the company will post earnings of $1.05 per share, with EPS estimates ranging from $0.92 to $1.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Black Stone Minerals.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, August 6th. The oil and gas producer reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.08). Black Stone Minerals had a return on equity of 9.32% and a net margin of 17.79%. The firm had revenue of $109.31 million for the quarter, compared to analyst estimates of $122.98 million.

BSM has been the topic of several recent research reports. Zacks Investment Research lowered Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, July 20th. Stifel Nicolaus set a $21.00 target price on Black Stone Minerals and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Scotiabank upgraded Black Stone Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, June 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.00.

In related news, SVP Brock Morris sold 17,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $18.58, for a total transaction of $323,292.00. Following the completion of the transaction, the senior vice president now owns 299,990 shares in the company, valued at approximately $5,573,814.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 25.10% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of BSM. Wells Fargo & Company MN lifted its position in shares of Black Stone Minerals by 99.5% during the 1st quarter. Wells Fargo & Company MN now owns 55,261 shares of the oil and gas producer’s stock worth $915,000 after buying an additional 27,557 shares during the period. Rockefeller Capital Management L.P. bought a new position in Black Stone Minerals in the 1st quarter valued at $185,000. Sentry Investments Corp. raised its position in Black Stone Minerals by 15.4% in the 1st quarter. Sentry Investments Corp. now owns 553,253 shares of the oil and gas producer’s stock valued at $9,156,000 after purchasing an additional 74,016 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Black Stone Minerals by 21.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 127,365 shares of the oil and gas producer’s stock valued at $2,108,000 after purchasing an additional 22,500 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Black Stone Minerals by 28.4% in the 1st quarter. Van ECK Associates Corp now owns 160,876 shares of the oil and gas producer’s stock valued at $2,662,000 after purchasing an additional 35,611 shares during the last quarter. Institutional investors and hedge funds own 13.19% of the company’s stock.

Shares of NYSE:BSM remained flat at $$18.40 during trading on Tuesday. The stock had a trading volume of 114,902 shares, compared to its average volume of 154,396. Black Stone Minerals has a one year low of $16.36 and a one year high of $19.29. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 18.22 and a beta of 0.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 1.16.

About Black Stone Minerals

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.

Read More: Hedge Funds – Risk or Reward?

Get a free copy of the Zacks research report on Black Stone Minerals (BSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Black Stone Minerals (NYSE:BSM)

Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.