Dorchester Minerals (NASDAQ:DMLP) Releases Earnings Results

Dorchester Minerals (NASDAQ:DMLP) issued its quarterly earnings data on Thursday. The energy company reported $0.87 EPS for the quarter, reports. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%. The company had revenue of $53.47 million during the quarter.

Dorchester Minerals Stock Performance

NASDAQ:DMLP opened at $32.01 on Friday. Dorchester Minerals has a fifty-two week low of $27.16 and a fifty-two week high of $35.74. The business has a 50 day moving average price of $30.96 and a 200-day moving average price of $31.42. The firm has a market cap of $1.28 billion, a PE ratio of 12.13 and a beta of 1.10.

Dorchester Minerals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Monday, October 28th will be paid a $0.996 dividend. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a yield of 12.45%. The ex-dividend date of this dividend is Monday, October 28th. Dorchester Minerals’s payout ratio is 150.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DMLP. HWG Holdings LP purchased a new stake in Dorchester Minerals in the second quarter worth about $30,000. Perkins Coie Trust Co purchased a new stake in Dorchester Minerals in the second quarter worth $31,000. TCTC Holdings LLC bought a new position in Dorchester Minerals in the first quarter worth $67,000. BNP Paribas Financial Markets purchased a new position in Dorchester Minerals during the first quarter valued at $110,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of Dorchester Minerals during the 3rd quarter valued at $166,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.