Shares of Dorchester Minerals stock opened at $26.00 on Thursday. The stock’s fifty day moving average is $24.40 and its two-hundred day moving average is $21.67. The company has a market capitalization of $961.61 million, a PE ratio of 13.40 and a beta of 1.19. Dorchester Minerals has a 52 week low of $14.37 and a 52 week high of $27.50.
Dorchester Minerals (NASDAQ:DMLP – Get Rating) last issued its earnings results on Thursday, February 24th. The energy company reported $0.66 earnings per share for the quarter. Dorchester Minerals had a return on equity of 63.57% and a net margin of 75.11%. The business had revenue of $30.30 million during the quarter.
Several hedge funds and other institutional investors have recently modified their holdings of DMLP. First Trust Advisors LP lifted its stake in shares of Dorchester Minerals by 3.5% during the 1st quarter. First Trust Advisors LP now owns 319,183 shares of the energy company’s stock worth $5,828,000 after purchasing an additional 10,877 shares during the last quarter. Morgan Stanley lifted its stake in shares of Dorchester Minerals by 12.4% during the 2nd quarter. Morgan Stanley now owns 328,627 shares of the energy company’s stock worth $5,538,000 after purchasing an additional 36,172 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Dorchester Minerals by 7.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 24,652 shares of the energy company’s stock worth $472,000 after purchasing an additional 1,805 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Dorchester Minerals by 4.5% during the 3rd quarter. Raymond James & Associates now owns 22,417 shares of the energy company’s stock worth $430,000 after purchasing an additional 970 shares during the last quarter. Finally, Inscription Capital LLC purchased a new stake in shares of Dorchester Minerals during the 3rd quarter worth $642,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.
About Dorchester Minerals (Get Rating)
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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