Dorchester Minerals (DMLP) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Dorchester Minerals (NASDAQ:DMLP) from a sell rating to a hold rating in a research note released on Thursday.

NASDAQ DMLP opened at $16.03 on Thursday. The stock has a market cap of $517.45 million, a PE ratio of 10.55 and a beta of 0.76. Dorchester Minerals has a one year low of $14.40 and a one year high of $21.15.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, November 1st. The energy company reported $0.27 EPS for the quarter. The company had revenue of $13.94 million for the quarter. Dorchester Minerals had a return on equity of 57.56% and a net margin of 72.13%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penn Davis Mcfarland Inc. raised its position in shares of Dorchester Minerals by 7.1% during the third quarter. Penn Davis Mcfarland Inc. now owns 45,030 shares of the energy company’s stock worth $919,000 after purchasing an additional 3,000 shares during the period. Gruss & Co. Inc. acquired a new stake in shares of Dorchester Minerals during the third quarter worth about $207,000. Bank of America Corp DE raised its position in shares of Dorchester Minerals by 24.6% during the second quarter. Bank of America Corp DE now owns 158,722 shares of the energy company’s stock worth $3,269,000 after purchasing an additional 31,330 shares during the period. First Trust Advisors LP raised its position in shares of Dorchester Minerals by 30.7% during the third quarter. First Trust Advisors LP now owns 322,874 shares of the energy company’s stock worth $6,587,000 after purchasing an additional 75,751 shares during the period. Finally, Independent Advisor Alliance raised its position in shares of Dorchester Minerals by 14.5% during the second quarter. Independent Advisor Alliance now owns 51,462 shares of the energy company’s stock worth $1,060,000 after purchasing an additional 6,515 shares during the period. 16.59% of the stock is currently owned by institutional investors.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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