Black Stone Minerals, L.P. (NYSE:BSM) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, BSM is expected to report 3Q20 income of $ 0.16 per share from revenue of $ 83.61 million.
For the full year, analysts anticipate top line of $ 400.64 million, while looking forward to income of $ 0.68 per share bottom line.
Previous Quarter Performance
Black Stone Minerals, L.P. unwinded loss for the second quarter of $ 0.07 per share, from the revenue of $ 38.53 million. The quarterly revenues reduced 71.05 percent compared with the same quarter last year. Street analysts expected Black Stone Minerals, L.P. to report income of $ 0.17 per share on revenue of $ 84.64 million for the second quarter. The bottom line results missed street analysts by $ 0.24 or 141.18 percent, at the same time, top line results fell short of analysts by $ 46.11 million or 54.48 percent.
Stock Performance
On Friday, shares of Black Stone Minerals, L.P. has traded high as $ 6.17 and has cracked $ 5.95 on the downward trend, reaching $ 6.05 with volume of 356.40 thousand shares.
According to the previous trading day, closing price of $ 6.05, representing a 53.47 % increase from the 52 week low of $ 4.04 and a 54.41 % decrease over the 52 week high of $ 13.60.
The company has a market capital of $ 1.25 billion and is part of the Energy sector and Oil & Gas E&P industry.
Conference Call
Black Stone Minerals, L.P. will be hosting a conference call at 10:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 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.
