Black Stone Minerals LP (NYSE:BSM) announced a quarterly dividend on Friday, February 9th, Fidelity reports. Shareholders of record on Tuesday, February 20th will be paid a dividend of 0.3125 per share by the oil and gas producer on Tuesday, February 27th. This represents a $1.25 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend is Friday, February 16th.
Black Stone Minerals has a dividend payout ratio of 162.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Black Stone Minerals to earn $0.71 per share next year, which means the company may not be able to cover its $1.25 annual dividend with an expected future payout ratio of 176.1%.
Shares of Black Stone Minerals (NYSE BSM) opened at $17.78 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.46. Black Stone Minerals has a 52 week low of $15.12 and a 52 week high of $19.03. The firm has a market capitalization of $1,794.99, a P/E ratio of 20.42 and a beta of 0.30.
A number of equities research analysts have weighed in on the company. Zacks Investment Research cut Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Stifel Nicolaus started coverage on Black Stone Minerals in a report on Wednesday, January 17th. They issued a “hold” rating and a $19.00 target price on the stock. Barclays set a $18.00 target price on Black Stone Minerals and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, TheStreet lowered Black Stone Minerals from a “b-” rating to a “c” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.40.
ILLEGAL ACTIVITY WARNING: “Black Stone Minerals LP Declares Quarterly Dividend of $0.31 (BSM)” was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2018/02/15/black-stone-minerals-lp-declares-quarterly-dividend-of-0-31-bsm.html.
About Black Stone Minerals
Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.
Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.