Dorchester Minerals, L.P. (DMLP) to Release Quarterly Earnings on Wednesday
Dorchester Minerals, L.P. (NASDAQ:DMLP) is scheduled to be announcing its earnings results on Wednesday, November 1st.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $12.55 million for the quarter. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%. On average, analysts expect Dorchester Minerals, L.P. to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Dorchester Minerals, L.P. (DMLP) opened at 14.55 on Wednesday. The firm has a 50-day moving average price of $14.75 and a 200-day moving average price of $15.35. The firm has a market cap of $469.66 million, a price-to-earnings ratio of 15.19 and a beta of 0.81. Dorchester Minerals, L.P. has a 52-week low of $13.90 and a 52-week high of $19.30.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Monday, October 30th will be paid a dividend of $0.2847 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date of this dividend is Friday, October 27th. Dorchester Minerals, L.P.’s dividend payout ratio is presently 135.79%.
In related news, insider Minerals Operating Dorchester acquired 18,900 shares of Dorchester Minerals, L.P. stock in a transaction on Friday, September 8th. The shares were bought at an average price of $14.48 per share, for a total transaction of $273,672.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.20% of the company’s stock.
A number of research analysts have commented on the company. BidaskClub upgraded Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. TheStreet cut Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th.
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About Dorchester Minerals, L.P.
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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