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

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

DMLP opened at $19.20 on Friday. The stock has a fifty day moving average price of $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 capitalization of $665.86 million, a price-to-earnings ratio of 11.29 and a beta of 0.97. Dorchester Minerals has a twelve month low of $14.11 and a twelve month 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 for the quarter. The company had revenue of $19.03 million for the quarter. Dorchester Minerals had a net margin of 74.48% and a return on equity of 58.74%.

In related news, insider Minerals Operating Dorchester acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of $18.66 per share, for a total transaction of $37,320.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bradley J. Ehrman acquired 5,773 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $18.89 per share, for a total transaction of $109,051.97. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 23,940 shares of company stock worth $445,313. 9.40% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of DMLP. Private Wealth Partners LLC acquired a new stake in shares of Dorchester Minerals during the first quarter worth $959,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Dorchester Minerals during the first quarter worth $1,470,000. Howard Financial Services LTD. acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth $252,000. Creative Planning raised its holdings in shares of Dorchester Minerals by 28.5% during the first quarter. Creative Planning now owns 66,065 shares of the energy company’s stock worth $1,206,000 after acquiring an additional 14,655 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth $206,000. Institutional investors and hedge funds own 16.71% of the company’s stock.

About Dorchester Minerals

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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