Dorchester Minerals, L.P. (DMLP) Announces Quarterly Earnings Results
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced its quarterly earnings data on Friday. The energy company reported $0.22 earnings per share for the quarter, Bloomberg Earnings reports. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%. The business had revenue of $12.48 million during the quarter.
Dorchester Minerals, L.P. (DMLP) traded up $0.15 during trading on Friday, hitting $14.80. The stock had a trading volume of 73,515 shares, compared to its average volume of 66,743. Dorchester Minerals, L.P. has a 52-week low of $13.90 and a 52-week high of $19.30. The company has a market capitalization of $477.74, a price-to-earnings ratio of 15.42 and a beta of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Monday, October 30th will be issued a $0.2847 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend is Friday, October 27th. Dorchester Minerals, L.P.’s payout ratio is currently 118.75%.
In related news, insider Minerals Operating Dorchester purchased 18,900 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost of $14.48 per share, with a total value of $273,672.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.20% of the stock is owned by company insiders.
DMLP has been the subject of several research reports. BidaskClub raised Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. TheStreet lowered Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a report on Tuesday, August 15th.
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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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