Dorchester Minerals, L.P. (NASDAQ:DMLP) announced its earnings results on Friday. The energy company reported $0.22 earnings per share (EPS) 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 firm had revenue of $12.48 million during the quarter.
Dorchester Minerals, L.P. (NASDAQ DMLP) opened at $14.80 on Friday. Dorchester Minerals, L.P. has a 52-week low of $13.90 and a 52-week high of $19.30. The stock has a market capitalization of $477.74, a P/E ratio of 15.42 and a beta of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Monday, October 30th will be given a $0.2847 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Friday, October 27th. Dorchester Minerals, L.P.’s dividend payout ratio is currently 118.75%.
Several research analysts have recently issued reports on the company. TheStreet lowered Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th. BidaskClub lowered Dorchester Minerals, L.P. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.
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In other news, insider Minerals Operating Dorchester bought 18,900 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average price of $14.48 per share, with a total value of $273,672.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 9.20% of the stock is currently owned by corporate 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.
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