Black Stone Minerals (NYSE:BSM) Announces Earnings Results, Beats Estimates By $0.41 EPS
Black Stone Minerals (NYSE:BSM) issued its earnings results on Monday. The oil and gas...
Black Stone Minerals (NYSE:BSM) issued its earnings results on Monday. The oil and gas producer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41, MarketWatch Earnings reports. Black Stone Minerals had a net margin of 30.37% and a return on equity of 19.55%. During the same period in the previous year, the firm earned $0.12 earnings per share.
BSM stock opened at $11.55 on Tuesday. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 42.78 and a beta of 1.27. The firm has a 50-day simple moving average of $11.17 and a two-hundred-day simple moving average of $11.28. Black Stone Minerals has a one-year low of $8.37 and a one-year high of $12.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.71 and a current ratio of 0.71.
The energy sector is poised for a mixed start, supported by outsized gains across the underlying commodities...
The energy sector is poised for a mixed start, supported by outsized gains across the underlying commodities but pressured by weakness in the major equity futures which fell slightly this morning, reversing much sharper declines earlier, as traders monitor brewing tensions between Russia and Ukraine.
WTI and Brent crude oil futures rebounded this morning following two-straight days of steep declines and rose to their highest since 2014 after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices closer towards the $100 mark. Russia's parliament approved treaties with two breakaway regions in eastern Ukraine today, opening the way for immediate Russian troop deployment. The moves come despite Germany putting the certification of the Nord Stream 2 gas pipeline on ice while the US and EU discussed potential sanctions and as Ukraine reported continued shelling in east Ukraine. The ongoing talking on renewing Iran's nuclear agreement with world powers kept a cap on gains.
Natural gas futures jumped roughly 3% this morning, backed by cold weather forecasts in key consuming regions that should spur demand and a spike in European prices
U.S. stock futures trim sharp losses as investors weigh risk of war in Ukraine
U.S. stock-index futures traded near unchanged Tuesday, erasing sharp losses scored overnight as Russian...
U.S. stock-index futures traded near unchanged Tuesday, erasing sharp losses scored overnight as Russian President Vladimir Putin ordered troops to breakaway regions of Ukraine.
Markets in the U.S. were closed Monday in observance of the Presidents Day holiday and trade on Tuesday will provide the first opportunity for investors to react to developments in Eastern Europe.
Dow Jones Industrial Average futures YM00, -0.26% were down 103 points, or 0.3%, at 33,904, after dropping more than 500 points late Monday.
S&P 500 index futures ES00, -0.05% fell 4.75 points, or 0.1%, at 4,338.75.
Nasdaq-100 futuresNQ00, -0.35% dropped 63.25 points, or 0.5%, to 13,932.75.
Will Russia's Ukraine Action Run Oil Prices Up on Tuesday?
Oil last week failed to get a lift from Ukraine tensions, though invasion fears were credited the previous...
Oil last week failed to get a lift from Ukraine tensions, though invasion fears were credited the previous week for driving both the U.S. CLCL00 and global BRN00 benchmarks to seven-year highs not far below the $100-a-barrel threshold. Instead, prospects of a revived Iran nuclear accord, which could eventually lift U.S. sanctions on the country’s crude exports, prompted profit-taking as crude futures ended a streak of eight weekly gains.
In European trade on Monday, Brent crude, BRN00, the global benchmark, rose 2% to settle at $95.39 a barrel on ICE Futures Europe.
With oil prices already at multiyear highs due to misaligned supply/demand dynamics, further tension could mean more upside potentially (north of $100).
