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Last $24.60 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

biloxi marsh lands corp (BLMC) Snapshot

Open
$24.60
Previous Close
$24.60
Day High
$24.60
Day Low
$24.60
52 Week High
05/6/14 - $45.00
52 Week Low
03/17/15 - $20.18
Market Cap
67.8M
Average Volume 10 Days
140.0
EPS TTM
--
Shares Outstanding
2.8M
EX-Date
12/18/14
P/E TM
--
Dividend
$0.40
Dividend Yield
1.60%
Current Stock Chart for BILOXI MARSH LANDS CORP (BLMC)

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biloxi marsh lands corp (BLMC) Details

Biloxi Marsh Lands Corporation oil and gas exploration and production activities Louisiana and Texas. The company owns approximately 90,000 acres of marsh lands, including approximately 30,000 acre Lago Verde mineral acreage position in south Texas; 5,000 acre Eugene Island Block in offshore Louisiana waters; and the 56,000 acre Highlander project area in south central Louisiana. It also leases a portion of its surface to private individuals for hunting and fishing. As of December 31, 2013, the company had an estimated proved natural gas reserves of 0.788 billion cubic feet (BCF), including developed producing reserves of 0.267 BCF and developed non-producing reserves of 0.521 BCF. Biloxi Marsh Lands Corporation was founded in 1936 and is based in Metairie, Louisiana.

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biloxi marsh lands corp (BLMC) Key Developments

Biloxi Marsh Lands Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ending December 31, 2014; Reports Production Results for Full Year of 2014

Biloxi Marsh Lands Corporation reported earnings results for the fourth quarter and full year ending December 31, 2014. For the quarter, the company reported total oil and gas revenues of $181,425 compared with $182,873 for the same period last year. Total revenues and income was $50,729 compared with $2,639,177 for the same period last year. Net loss before income taxes was $243,031 compared with net income before income taxes $2,185,312 for the same period last year. Net loss was $63,631 or $0.02 per share compared with net income of $1,517,796 or $0.56 per share for the same period last year. For the period, the company reported revenue from oil and gas production for its fee lands was $534,652 compared to revenue of $636,189 in 2013. Total revenues and income was $1,122,376 compared with $4,351,080 for the same period last year. Net income before income taxes was $176,528 compared with $3,259,666 for the same period last year. Net income was $202,411 or $0.08 per share compared with net income of $2,450,729 or $0.90 per share for the same period last year. As of December 31, 2014, the combined gross daily production rate from 8 wells operated by the company's mineral lessees was approximately 3.679 million cubic feet of natural gas (mmcfg) and 157 barrels of oil per day (BOPD) with net daily production accruing to the Company of approximately 0.435 mmcfg and 3 BOPD. The foregoing production includes four wells producing from S/L 16158 in which the Company owns a small interest. Meanwhile, as of December 31, 2014, B&L's gross daily production was approximately 4.655 mmcfg and 336 barrels of oil from 7 wells with 1.685 mmcfg and 43 barrels of oil per day accruing to B&L. In addition to the foregoing estimated proved reserves, another reserve study completed by the same independent reservoir engineer estimates that B&L's proved reserves as of December 31, 2014 were approximately 9.4 BCFG and approximately 197,000 barrels of oil (MBBL) which compared to 9.0 BCFG and 215 MBBL as of December 31, 2013.

Biloxi Marsh Lands Corporation Declares Cash Dividend, Payable on December 30, 2014

During its meeting held on December 11, 2014 the Board of Directors of Biloxi Marsh Lands Corporation declared a dividend of $0.40 per outstanding share of common stock payable on December 30, 2014 to shareholders of record as of the close of business on December 22, 2014.

Biloxi Marsh Lands Corporation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Biloxi Marsh Lands Corporation announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported oil and gas royalties, net of $128,999 against $133,407 a year ago. Net loss before income taxes was $268,807 against $157,669 a year ago. Net loss was $170,432 or $0.07 per share against $109,972 or $0.04 per share a year ago. For the nine months, the company reported oil and gas royalties, net of $353,227 against $453,316 a year ago. Net income before income taxes was $419,559 against $1,074,354 a year ago. Net income was $266,042 or $0.10 per share against $932,933 or $0.34 per share a year ago.

 

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BLMC

Industry Average

Valuation BLMC Industry Range
Price/Earnings 100.0x
Price/Sales 136.4x
Price/Book 5.0x
Price/Cash Flow 310.1x
TEV/Sales 112.7x
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