Dorchester Minerals (DMLP) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Dorchester Minerals (NASDAQ:DMLP) from a hold rating to a buy rating in a research note released on Tuesday morning, BidAskClub reports.

Shares of NASDAQ DMLP opened at $19.00 on Tuesday. The company has a market capitalization of $660.30 million, a P/E ratio of 11.20 and a beta of 1.06. Dorchester Minerals has a 12-month low of $14.11 and a 12-month high of $21.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 12.50 and a current ratio of 12.50.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.42 earnings per share for the quarter. The firm had revenue of $19.03 million for the quarter. Dorchester Minerals had a return on equity of 58.74% and a net margin of 74.48%.



The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were paid a dividend of $0.4823 per share. This represents a $1.93 annualized dividend and a yield of 10.15%. The ex-dividend date of this dividend was Friday, April 26th.

In other Dorchester Minerals news, COO Bradley J. Ehrman bought 5,773 shares of the business’s stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $18.89 per share, with a total value of $109,051.97. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 9.40% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in DMLP. US Bancorp DE bought a new stake in Dorchester Minerals during the 1st quarter valued at $44,000. Advisor Group Inc. increased its position in shares of Dorchester Minerals by 694.0% during the 4th quarter. Advisor Group Inc. now owns 4,780 shares of the energy company’s stock valued at $70,000 after purchasing an additional 4,178 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Dorchester Minerals during the 4th quarter valued at $206,000. Howard Financial Services LTD. acquired a new position in shares of Dorchester Minerals during the 4th quarter valued at $252,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Dorchester Minerals by 18.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,465 shares of the energy company’s stock valued at $264,000 after purchasing an additional 2,284 shares during the period. 17.26% of the stock is currently owned by hedge funds and other institutional investors.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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