Dorchester Minerals (NASDAQ:DMLP) Rating Lowered to Sell at BidaskClub

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BidaskClub cut shares of Dorchester Minerals (NASDAQ:DMLP) from a hold rating to a sell rating in a research report report published on Friday, BidAskClub reports.

Shares of DMLP stock opened at $18.22 on Friday. Dorchester Minerals has a 1 year low of $14.11 and a 1 year high of $21.15. The business’s 50 day moving average is $18.72. The firm has a market capitalization of $637.07 million, a price-to-earnings ratio of 10.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.50 and a quick 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 (EPS) for the quarter. Dorchester Minerals had a net margin of 74.48% and a return on equity of 58.74%. The company had revenue of $19.03 million for the quarter.

In other Dorchester Minerals news, COO Bradley J. Ehrman acquired 5,773 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $18.89 per share, for a total transaction of $109,051.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Minerals Operating Dorchester acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $18.59 per share, for a total transaction of $185,900.00. The disclosure for this purchase can be found here. Insiders have bought 17,773 shares of company stock worth $332,272 over the last quarter. 9.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Dorchester Minerals by 120.5% in the fourth quarter. Barclays PLC now owns 21,794 shares of the energy company’s stock valued at $319,000 after buying an additional 11,912 shares during the period. Royce & Associates LP lifted its holdings in Dorchester Minerals by 0.4% in the first quarter. Royce & Associates LP now owns 694,645 shares of the energy company’s stock valued at $12,684,000 after buying an additional 2,568 shares during the period. JPMorgan Chase & Co. lifted its holdings in Dorchester Minerals by 276.7% in the third quarter. JPMorgan Chase & Co. now owns 210,764 shares of the energy company’s stock valued at $4,300,000 after buying an additional 154,812 shares during the period. Morgan Stanley increased its stake in Dorchester Minerals by 8.5% in the third quarter. Morgan Stanley now owns 233,170 shares of the energy company’s stock valued at $4,757,000 after purchasing an additional 18,228 shares in the last quarter. Finally, Howard Financial Services LTD. bought a new stake in Dorchester Minerals in the fourth quarter valued at approximately $252,000. Institutional investors and hedge funds own 16.71% of the company’s stock.

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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