Black Stone Minerals, L.P. (BSM:NYE) had its Q2 2023 earnings per share (EPS) estimate decreased by KeyCorp analysts, who anticipate the oil and gas producer will earn $0.44 per share, down from their previous forecast of $0.46.
KeyCorp also issued estimates for Black Stone Minerals’ Q3 2023 earnings at $0.47 EPS, Q4 2023 earnings at $0.49 EPS, FY2023 earnings at $1.83 EPS, Q1 2024 earnings at $0.46 EPS, Q2 2024 earnings at $0.44 EPS, Q4 2024 earnings at $0.47 EPS and FY2024 earnings at $1.83 EPS.
Despite the decrease in EPS, four analysts have rated the BSM stock as a buy and one has given it a hold rating, with a consensus target price of $19.00.
Black Stone Minerals has a market capitalization of $3.43 billion, a price-to-earnings ratio of 7.78, and a beta of 1.03.
The company recently declared a quarterly dividend which was paid on 23 February 2023. In other news, insiders including the CEO have bought 93,650 shares of BSM stock valued at $1,459,028 in the last quarter.
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 16.8 million gross acres, and overriding royalty interests in 1.8 million gross acres located in 41 states in the United States. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.
