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%.
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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