Dorchester Minerals (NASDAQ:DMLP) & Sable Offshore (NYSE:SOC) Financial Survey

Dorchester Minerals (NASDAQ:DMLP) and Sable Offshore (NYSE:SOC) are both energy companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, earnings, profitability, analyst recommendations, risk and institutional ownership.

Insider and Institutional Ownership

19.2% of Dorchester Minerals shares are held by institutional investors. Comparatively, 26.2% of Sable Offshore shares are held by institutional investors. 5.9% of Dorchester Minerals shares are held by company insiders. Comparatively, 14.3% of Sable Offshore shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Analyst Recommendations

This is a summary of recent ratings and price targets for Dorchester Minerals and Sable Offshore, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Dorchester Minerals	0	0	0	0	0.00
Sable Offshore	1	0	5	1	2.86

Sable Offshore has a consensus price target of $29.17, indicating a potential downside of 11.88%. Given Sable Offshore’s stronger consensus rating and higher possible upside, analysts clearly believe Sable Offshore is more favorable than Dorchester Minerals.

Valuation & Earnings

This table compares Dorchester Minerals and Sable Offshore”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Dorchester Minerals	$173.71 million	7.62	$110.39 million	$2.04	13.71
Sable Offshore	N/A	N/A	-$32.18 million	N/A	N/A

Dorchester Minerals has higher revenue and earnings than Sable Offshore.

Profitability

This table compares Dorchester Minerals and Sable Offshore’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Dorchester Minerals	56.77%	36.86%	36.00%
Sable Offshore	N/A	-319.58%	-39.11%

Risk & Volatility

Dorchester Minerals has a beta of 0.62, meaning that its share price is 38% less volatile than the S&P 500. Comparatively, Sable Offshore has a beta of 0.43, meaning that its share price is 57% less volatile than the S&P 500.

About Dorchester Minerals

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. Dorchester Minerals Management LP serves as the general partner of Dorchester Minerals, L.P. The company was founded in 1982 and is based in Dallas, Texas.

About Sable Offshore

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.