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BSM

Black Stone Minerals, L.P.

https://www.blackstoneminerals.com

Industry

Oil & Gas Exploration & Production

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 1.7 million gross acres located in 41 states in the United States. As of December 31, 2021, the company had a total estimated proved oil and natural gas reserves of 59,824 barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.

Open

14.57

Mkt cap

3B

Volume

889K

High

14.57

P/E Ratio

8.74

52-wk high

16.92

Low

14.14

Div yield

0.14

52-wk low

13.94

Black Stone Minerals, L.P. (NYSE:BSM) held its Q3 2024 earnings conference call on November 5, 2024. Key company participants included Mark Meaux, Thomas Carter, and Taylor DeWalch. The call was attended by Timothy Rezvan from KeyBanc Capital Markets Inc.

Portfolio Pulse from

November 05, 2024 | 5:30 pm

Piper Sandler analyst Mark Lear maintains a Neutral rating on Black Stone Minerals (NYSE:BSM) and lowers the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:23 am

Black Stone Minerals (NYSE:BSM) reported Q2 2024 earnings per share of $0.29, missing the analyst estimate of $0.36 by 19.44%. The company also reported sales of $109.624 million, missing the estimate of $119.591 million by 8.33%. This represents a 6.30% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:31 pm

Keybanc analyst Tim Rezvan has initiated coverage on Black Stone Minerals (NYSE:BSM) with a Sector Weight rating.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:48 pm

Black Stone Minerals (NYSE:BSM) reported Q1 2024 earnings of $0.27 per share, missing the consensus estimate of $0.35. Sales were $105.493M, below the $120.341M estimate, marking a 39.57% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:44 pm

Black Stone Minerals (BSM) shares dropped following the company's announcement of reducing its distribution from $0.475 to $0.375.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:54 am

Benzinga Insights identifies Peabody Energy (BTU), SilverBow Resources (SBOW), Marathon Oil (MRO), Euronav (EURN), and Black Stone Minerals (BSM) as notable value stocks in the energy sector based on low P/E multiples. Peabody Energy and Euronav reported increases in earnings per share, while SilverBow Resources and Marathon Oil saw decreases. Black Stone Minerals experienced an increase in earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:39 pm

Piper Sandler analyst Mark Lear maintains a Neutral rating on Black Stone Minerals (NYSE:BSM) and raises the price target from $16 to $17.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:41 pm

Black Stone (BSM) forecasts a 4% increase in royalty production in 2024, driven by Aethon's 24 wells in the Shelby Trough and Austin Chalk development, offset by lower activity in Louisiana Haynesville. Working interest production is expected to decline due to a 2017 decision. General and administrative expenses are anticipated to rise slightly due to inflation and strategic hires.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:58 am

Black Stone Minerals (NYSE:BSM) reported Q4 earnings of $0.65 per share, surpassing the $0.49 estimate, and sales of $190.84M, exceeding the $137.96M estimate. However, both earnings and sales saw a decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:48 am

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