Research Analysts Set Expectations for Black Stone Minerals’ Q1 2018 Earnings (BSM)

Black Stone Minerals (NYSE:BSM) – Research analysts at Piper Jaffray issued their Q1 2018 earnings estimates for shares of Black Stone Minerals in a research note issued to investors on Wednesday, April 18th. Piper Jaffray analyst K. Harrison expects that the oil and gas producer will post earnings per share of $0.14 for the quarter. Piper Jaffray also issued estimates for Black Stone Minerals’ Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.16 EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.20 EPS, FY2019 earnings at $0.71 EPS and Q1 2020 earnings at $2.93 EPS.

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A number of other equities analysts have also recently weighed in on the company. Citigroup decreased their price target on Black Stone Minerals from $21.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, March 28th. Zacks Investment Research upgraded Black Stone Minerals from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, March 12th. Finally, Stifel Nicolaus set a $18.00 target price on Black Stone Minerals and gave the company a “hold” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.17.

NYSE BSM opened at $17.64 on Friday. The company has a market capitalization of $3,547.71, a price-to-earnings ratio of 17.47 and a beta of 0.40. Black Stone Minerals has a fifty-two week low of $15.12 and a fifty-two week high of $19.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 1.47.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $95.44 million during the quarter, compared to analysts’ expectations of $106.55 million. Black Stone Minerals had a return on equity of 12.93% and a net margin of 22.90%.

In other Black Stone Minerals news, CEO Thomas L. Carter, Jr. bought 14,240 shares of Black Stone Minerals stock in a transaction dated Thursday, March 1st. The stock was bought at an average cost of $17.26 per share, for a total transaction of $245,782.40. Following the purchase, the chief executive officer now owns 972,182 shares in the company, valued at approximately $16,779,861.32. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Luke Stevens Putman sold 25,000 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $17.53, for a total value of $438,250.00. Following the transaction, the senior vice president now owns 277,367 shares of the company’s stock, valued at $4,862,243.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,664 shares of company stock valued at $985,821. Company insiders own 25.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Black Stone Minerals during the 4th quarter valued at approximately $170,000. Jane Street Group LLC purchased a new position in shares of Black Stone Minerals during the 4th quarter valued at approximately $221,000. Acadian Asset Management LLC acquired a new stake in shares of Black Stone Minerals during the 4th quarter valued at approximately $221,000. Renaissance Technologies LLC acquired a new stake in shares of Black Stone Minerals during the 4th quarter valued at approximately $245,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Black Stone Minerals during the 4th quarter valued at approximately $297,000. Institutional investors own 22.74% of the company’s stock.

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Black Stone Minerals 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.

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

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