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Wednesday, February 1, 2023

Black Stone Minerals L.P. (BSM) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Black Stone Minerals L.P. (BSM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.30%, to $16.92. The Black Stone Minerals L.P. has recorded 1,115 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Black Stone Minerals, L.P. Reports Record Financial Results for Third Quarter.

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Stocks Info

Black Stone Minerals L.P. is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $16.87 and fluctuated between $16.88 as its day high and $16.28 as its day low. The current market capitalization of Black Stone Minerals L.P. is $3.71B. A total of 1.1 million shares were traded on the day, compared to an average of 782.80K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BSM has seen 9 BUY and 1 SELL insider trades, representing the acquisition of 112,432 and the disposition of 5,300 shares. Over the last 12 months, there were 44 BUYs and 11 SELLs from insiders. Insiders purchased 950,861 shares during that period but sold 258,708.

In the most recent transaction, Carter Thomas L Jr bought 23,492 shares of BSM for 17.29 per share on Dec 07. After the transaction, the CEO and Chairman now owns 2,396,135 company shares. In a previous transaction on Dec 06, Carter Thomas L Jr bought 25,000 shares at 17.31 per share. BSM shares that CEO and Chairman owns now total 2,372,643.

Among the insiders who bought shares, Carter Thomas L Jr acquired of 25,000 shares on Nov 04 at a per-share price of $19.49. This resulted in the CEO and Chairman holding 2,347,643 shares of BSM after the transaction. In another insider transaction, Smajstrla Dawn sold 5,300 shares at $19.41 per share on Nov 04. Company shares held by the VP, Chief Accounting Officer now total 78,348.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Black Stone Minerals L.P. pays an annual dividend of $1.80, resulting in a dividend yield of 10.67%, and it has a price to earnings (P/E) ratio of 9.12. BSM’s most recent ex-dividend date was 11/9/2022 when it declared a $0.45 quarterly dividend that was paid in cash on 11/17/2022. Previously, the company paid the dividend on 8/19/2022 with an ex-dividend date of 8/11/2022. The BSM stock dividend was $0.42 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BSM in the last 3 months, the mean price target is $20.67 with high estimates of $23.00 and low estimates of $18.00. In terms of 52-week highs and lows, BSM has a high of $20.24 and a low of $10.31.

As of this writing, BSM has an earnings estimate of $0.4 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.37. The company reported an EPS of -$0.06 in the last quarter, which was -118.80% lower than expectations of $0.32.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BSM is Overweight with a score of 4.50. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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