Dorchester Minerals, L.P. (DMLP) Posts Quarterly Earnings Results
Dorchester Minerals, L.P. (NASDAQ:DMLP) released its quarterly earnings results on Friday. The energy company reported $0.22 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $12.48 million during the quarter. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%.
Dorchester Minerals, L.P. (NASDAQ:DMLP) traded up $0.15 during midday trading on Friday, hitting $14.80. The company had a trading volume of 73,515 shares, compared to its average volume of 66,743. Dorchester Minerals, L.P. has a fifty-two week low of $13.90 and a fifty-two week high of $19.30. The firm has a market cap of $477.74, a PE ratio of 15.42 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Monday, October 30th will be given a dividend of $0.2847 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $1.14 annualized dividend and a dividend yield of 7.69%. Dorchester Minerals, L.P.’s dividend payout ratio is presently 118.75%.
DMLP has been the subject of several recent analyst reports. BidaskClub upgraded Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. TheStreet downgraded Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th.
In other Dorchester Minerals, L.P. news, insider Minerals Operating Dorchester acquired 18,900 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $14.48 per share, with a total value of $273,672.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.20% of the stock is currently owned by insiders.
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.
Receive News & Ratings for Dorchester Minerals L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorchester Minerals L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.