Media headlines about Dorchester Minerals, L.P. (NASDAQ:DMLP) have trended positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dorchester Minerals, L.P. earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Several equities research analysts have recently commented on the company. TheStreet raised Dorchester Minerals, L.P. from a “c+” rating to a “b” rating in a report on Friday, May 26th. BidaskClub downgraded Dorchester Minerals, L.P. from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
Shares of Dorchester Minerals, L.P. (NASDAQ DMLP) opened at 14.725 on Wednesday. The firm has a market cap of $451.69 million, a P/E ratio of 16.714 and a beta of 0.79. The firm’s 50-day moving average price is $14.90 and its 200 day moving average price is $16.41. Dorchester Minerals, L.P. has a one year low of $14.21 and a one year high of $19.30.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.26 earnings per share for the quarter. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%. The business had revenue of $12.55 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Monday, July 31st will be given a $0.323 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.29 annualized dividend and a yield of 8.77%. Dorchester Minerals, L.P.’s dividend payout ratio is currently 135.79%.
In other Dorchester Minerals, L.P. news, CEO William Casey Mcmanemin acquired 150,808 shares of the business’s stock in a transaction on Friday, June 30th. The shares were acquired at an average price of $14.98 per share, with a total value of $2,259,103.84. Following the completion of the transaction, the chief executive officer now owns 660,570 shares in the company, valued at $9,895,338.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman James E. Raley acquired 19,252 shares of the business’s stock in a transaction on Friday, June 30th. The stock was acquired at an average cost of $14.98 per share, for a total transaction of $288,394.96. The disclosure for this purchase can be found here. In the last three months, insiders acquired 243,859 shares of company stock worth $3,653,008. Insiders own 9.20% of the company’s stock.
Dorchester Minerals, L.P. Company Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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