Dorchester Minerals (DMLP) Downgraded by BidaskClub

BidaskClub downgraded shares of Dorchester Minerals (NASDAQ:DMLP) from a buy rating to a hold rating in a report published on Wednesday.

Dorchester Minerals (NASDAQ:DMLP) traded up $0.05 during trading on Wednesday, hitting $15.70. The stock had a trading volume of 38,505 shares, compared to its average volume of 97,016. Dorchester Minerals has a 12 month low of $13.90 and a 12 month high of $19.10. The firm has a market cap of $506.80, a PE ratio of 16.35 and a beta of 0.82.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Friday, November 3rd. The energy company reported $0.22 EPS for the quarter. Dorchester Minerals had a return on equity of 40.04% and a net margin of 64.05%. The company had revenue of $12.48 million during the quarter.

In other news, Director Robert C. Vaughn acquired 5,000 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $14.60 per share, for a total transaction of $73,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Bradley J. Ehrman acquired 1,700 shares of Dorchester Minerals stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average price of $15.05 per share, for a total transaction of $25,585.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,886 shares of company stock worth $189,643 in the last 90 days. 9.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Stephens Inc. AR grew its position in Dorchester Minerals by 6.3% during the 2nd quarter. Stephens Inc. AR now owns 27,196 shares of the energy company’s stock worth $393,000 after acquiring an additional 1,613 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Dorchester Minerals by 11.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,449 shares of the energy company’s stock worth $669,000 after acquiring an additional 4,500 shares during the last quarter. Commonwealth Equity Services Inc grew its position in Dorchester Minerals by 55.8% during the 3rd quarter. Commonwealth Equity Services Inc now owns 20,370 shares of the energy company’s stock worth $306,000 after acquiring an additional 7,293 shares during the last quarter. Segment Wealth Management LLC grew its position in Dorchester Minerals by 100.0% during the 3rd quarter. Segment Wealth Management LLC now owns 20,000 shares of the energy company’s stock worth $301,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its position in Dorchester Minerals by 27.5% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 47,399 shares of the energy company’s stock worth $713,000 after acquiring an additional 10,229 shares during the last quarter. Institutional investors and hedge funds own 13.43% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Dorchester Minerals (DMLP) Downgraded by BidaskClub” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.com-unik.info/2018/01/14/dorchester-minerals-dmlp-downgraded-by-bidaskclub.html.

Dorchester Minerals 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.

What are top analysts saying about Dorchester Minerals? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dorchester Minerals and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit