Black Stone Minerals, L.P. (BSM) to Issue Quarterly Dividend of $0.30 on November 13th

Black Stone Minerals, L.P. (NYSE:BSM) declared a quarterly dividend on Wednesday, October 15th. Investors of record on Thursday, November 6th will be paid a dividend of 0.30 per share by the oil and gas producer on Thursday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Thursday, November 6th.

Black Stone Minerals has increased its dividend payment by an average of 0.0%annually over the last three years. Black Stone Minerals has a payout ratio of 77.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Black Stone Minerals to earn $1.44 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 83.3%.

Black Stone Minerals Stock Performance

Shares of Black Stone Minerals stock opened at $13.11 on Tuesday. The stock has a market cap of $2.78 billion, a PE ratio of 11.30 and a beta of 0.24. The business has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $13.07. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.12. Black Stone Minerals has a 12 month low of $11.78 and a 12 month high of $15.66.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. Black Stone Minerals had a return on equity of 39.67% and a net margin of 61.21%. On average, sell-side analysts anticipate that Black Stone Minerals will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Piper Sandler decreased their target price on Black Stone Minerals from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Black Stone Minerals in a research report on Wednesday, October 8th. Finally, Zacks Research raised Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.00.

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.