Black Stone Minerals, L.P. (NYSE:BSM) owner of oil and natural gas outfits, is expected to report second quarter earnings results, after market close, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.17 per share.
Looking ahead, the full year income are expected at $ 0.79 per share on the revenues of $ 438.22 million.
Previous Quarter Performance
Black Stone Minerals, L.P. announced income for the first quarter of $ 0.34 per share, from the revenue of $ 183.05 million. The quarterly earnings swell 1,600.00 percent while revenues up 118.41 percent compared with the same quarter last year.
According to street consensus, BSM was expected to report 1Q20 income of $ 0.18 per share from revenue of $ 104.25 million. The bottom line results beat street analysts by $ 0.16 or 88.89 percent, at the same time, top line results outshined analysts by $ 78.80 million or 75.59 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BSM was $ 7.01, representing a 73.51 % increase from the 52 week low of $ 4.04 and a 55.06 % decrease over the 52 week high of $ 15.60.
The company has a market capital of $ 1.45 billion and is part of the Energy sector and Oil & Gas E&P industry.
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Recent Analyst recommendations
- On 5th June 2020, maintained by Raymond James at Outperform rating, with $ 10.00 target price.
Conference Call
Black Stone Minerals, L.P. will be hosting a conference call at 10:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.blackstoneminerals.com
Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and 64 onshore basins in the continental United States.
