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.
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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