Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama purchased 1,680 shares of the stock in a transaction on Tuesday, December 29th. The shares were purchased at an average cost of $10.92 per share, with a total value of $18,345.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of NASDAQ DMLP opened at $10.91 on Friday. Dorchester Minerals, L.P. has a 1-year low of $8.52 and a 1-year high of $21.46. The business has a 50-day moving average of $11.29 and a 200-day moving average of $11.05. The company has a market capitalization of $378.36 million, a price-to-earnings ratio of 13.81 and a beta of 1.48.
Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, November 5th. The energy company reported $0.16 earnings per share for the quarter. Dorchester Minerals had a return on equity of 27.71% and a net margin of 51.26%. The company had revenue of $12.55 million during the quarter.
Separately, BidaskClub downgraded Dorchester Minerals from a “hold” rating to a “sell” rating in a research report on Wednesday, December 23rd.
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. Its royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 592 counties and parishes in 27 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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