After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2023 Results; Provides Guidance for 2024.
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Stocks Info
BSM belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. The current market capitalization of Black Stone Minerals, L.P. is $3.27B. A total of 0.63 million shares were traded on the day, compared to an average of 579.30K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BSM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 1 SELLs from insiders. Insiders purchased 239,538 shares during that period but sold 100,000.
In the most recent transaction, DeWalch D Mark bought 3,250 shares of BSM for 15.47 per share on Feb 26. After the transaction, the Director now owns 320,436 company shares. In a previous transaction on Dec 08, Carter Thomas L Jr bought 2,075 shares at 16.20 per share. BSM shares that CEO, President, and Chairman owns now total 2,792,443.
Among the insiders who bought shares, Carter Thomas L Jr acquired of 29,000 shares on Dec 07 at a per-share price of $15.99. This resulted in the CEO, President, and Chairman holding 2,790,368 shares of BSM after the transaction. In another insider transaction, DeWalch D Mark bought 22,297 shares at $17.49 per share on Nov 17. Company shares held by the Director now total 304,879.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Black Stone Minerals, L.P. pays an annual dividend of $1.90, resulting in a dividend yield of 12.23%, and it has a price to earnings (P/E) ratio of 8.53. BSM’s most recent ex-dividend date was 2/15/2024 when it declared a $0.4750 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/16/2023 with an ex-dividend date of 11/8/2023. The BSM stock dividend was $0.4750 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BSM in the last 3 months, the mean price target is $18.00 with high estimates of $20.00 and low estimates of $16.00. In terms of 52-week highs and lows, BSM has a high of $18.55 and a low of $13.41.
As of this writing, BSM has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.36 per share and a lower estimate of $0.34. The company reported an EPS of $0.27 in the last quarter, which was -37.20% lower than expectations of $0.43.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BSM’s latest balance sheet shows that the firm has $8.88M in Cash & Short Term Investments as of fiscal 2021. There were $89.00M in debt and $77.14M in liabilities at the time. Its Book Value Per Share was $4.37, while its Total Shareholder’s Equity was $1.06B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.50.
