Black Stone Minerals, L.P. (BSM) to Release Earnings on Monday
Black Stone Minerals, L.P. (NYSE:BSM) is scheduled to post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Black Stone Minerals, L.P. to post earnings of $0.16 per share for the quarter.
Black Stone Minerals, L.P. (NYSE:BSM) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.14. Black Stone Minerals, L.P. had a net margin of 44.95% and a return on equity of 28.92%. The business had revenue of $120.52 million for the quarter, compared to analyst estimates of $95.87 million. On average, analysts expect Black Stone Minerals, L.P. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Black Stone Minerals, L.P. (NYSE:BSM) opened at $18.30 on Friday. The firm has a market capitalization of $1.82 billion, a PE ratio of 21.84 and a beta of 0.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.19 and a current ratio of 2.19.
A number of brokerages recently issued reports on BSM. TheStreet downgraded Black Stone Minerals, L.P. from a “b-” rating to a “c” rating in a report on Monday, October 30th. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 target price on shares of Black Stone Minerals, L.P. in a report on Friday, September 22nd. Piper Jaffray Companies reduced their target price on Black Stone Minerals, L.P. from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Zacks Investment Research downgraded Black Stone Minerals, L.P. from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Finally, Barclays PLC reduced their target price on Black Stone Minerals, L.P. from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.60.
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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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