Dorchester Minerals (NASDAQ:DMLP) Stock Rating Upgraded by BidaskClub

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Dorchester Minerals (NASDAQ:DMLP) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, BidAskClub reports.

NASDAQ DMLP opened at $19.20 on Friday. The business’s 50-day moving average is $18.44. The company has a current ratio of 12.50, a quick ratio of 12.50 and a debt-to-equity ratio of 0.02. The firm has a market cap of $665.86 million, a PE ratio of 11.29 and a beta of 0.97. Dorchester Minerals has a 52-week low of $14.11 and a 52-week high of $21.15.

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

In other Dorchester Minerals news, COO Bradley J. Ehrman acquired 5,773 shares of the company’s stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $18.89 per share, for a total transaction of $109,051.97. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Minerals Operating Dorchester acquired 6,167 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average price of $18.33 per share, with a total value of $113,041.11. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 23,940 shares of company stock valued at $445,313. 9.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Adams Asset Advisors LLC raised its stake in Dorchester Minerals by 0.7% in the second quarter. Adams Asset Advisors LLC now owns 533,397 shares of the energy company’s stock valued at $9,766,000 after purchasing an additional 3,734 shares in the last quarter. First Trust Advisors LP raised its stake in Dorchester Minerals by 3.5% in the first quarter. First Trust Advisors LP now owns 319,183 shares of the energy company’s stock valued at $5,828,000 after purchasing an additional 10,877 shares in the last quarter. Botty Investors LLC raised its stake in Dorchester Minerals by 0.4% in the first quarter. Botty Investors LLC now owns 308,380 shares of the energy company’s stock valued at $5,631,000 after purchasing an additional 1,150 shares in the last quarter. Gruss & Co. Inc. raised its stake in Dorchester Minerals by 39.0% in the first quarter. Gruss & Co. Inc. now owns 25,965 shares of the energy company’s stock valued at $474,000 after purchasing an additional 7,282 shares in the last quarter. Finally, Royce & Associates LP raised its stake 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 purchasing an additional 2,568 shares in the last quarter. 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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