During the last session, Black Stone Minerals L.P (NYSE:BSM)’s traded shares were 0.75 million, with the beta value of the company hitting 0.27. At the end of the trading day, the stock’s price was $13.21, reflecting an intraday gain of 0.15% or $0.02. The 52-week high for the BSM share is $16.03, that puts it down -21.35 from that peak though still a striking 3.1% gain since the share price plummeted to a 52-week low of $12.80. The company’s market capitalization is $2.80B, and the average intraday trading volume over the past 10 days was 0.46 million shares, and the average trade volume was 363.60K shares over the past three months.
Black Stone Minerals L.P (NYSE:BSM) trade information
Black Stone Minerals L.P (BSM) registered a 0.15% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.15% in intraday trading to $13.21, hitting a weekly high. The stock’s 5-day price performance is -5.10%, and it has moved by -3.08% in 30 days. Based on these gigs, the overall price performance for the year is -15.37%. The short interest in Black Stone Minerals L.P (NYSE:BSM) is 2.0 million shares and it means that shorts have 5.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 11.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $15 respectively. As a result, BSM is trading at a discount of -13.55% off the target high and -13.55% off the low.
Black Stone Minerals L.P (BSM) estimates and forecasts
In the rating firms’ projections, revenue will increase 3.68% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 112.19M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 120.83M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 109.62M and 134.86M respectively. In this case, analysts expect current quarter sales to grow by 2.34% and then drop by -10.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.10%. While earnings are projected to return -38.80% in 2025.
BSM Dividends
Black Stone Minerals L.P is due to release its next quarterly earnings on 2025-May-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Black Stone Minerals L.P is 1.50, with the dividend yield indicating at 11.36 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 9.76%.
Black Stone Minerals L.P (NYSE:BSM)’s Major holders
Black Stone Minerals L.P insiders own 20.57% of total outstanding shares while institutional holders control 13.93%, with the float percentage being 17.54%. WILLIAM MARSH RICE UNIVERSITY is the largest shareholder of the company, while 197.0 institutions own stock in it. As of 2024-06-30, the company held over 5.66 million shares (or 2.6879% of all shares), a total value of $88.75 million in shares.
The next largest institutional holding, with 4.38 million shares, is of MORGAN STANLEY’s that is approximately 2.0775% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $68.59 million.
