Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock Price
Media stories about Dorchester Minerals, L.P. (NASDAQ:DMLP) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dorchester Minerals, L.P. earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 45.9311134246204 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have issued reports on DMLP. TheStreet raised shares of Dorchester Minerals, L.P. from a “c+” rating to a “b” rating in a report on Friday, May 26th. BidaskClub raised shares of Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th.
Shares of Dorchester Minerals, L.P. (DMLP) traded up 0.34% during midday trading on Friday, reaching $14.60. 51,116 shares of the company’s stock were exchanged. Dorchester Minerals, L.P. has a 12-month low of $14.21 and a 12-month high of $19.30. The stock has a market cap of $447.86 million, a PE ratio of 16.57 and a beta of 0.79. The stock’s 50 day moving average is $14.89 and its 200-day moving average is $16.28.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.26 EPS for the quarter. The business had revenue of $12.55 million during the quarter. Dorchester Minerals, L.P. had a net margin of 65.28% and a return on equity of 41.71%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Monday, July 31st were given a $0.323 dividend. This represents a $1.29 annualized dividend and a dividend yield of 8.85%. The ex-dividend date was Thursday, July 27th. Dorchester Minerals, L.P.’s payout ratio is currently 135.79%.
In other Dorchester Minerals, L.P. news, Director Martha Rochelle purchased 64,174 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average price of $14.98 per share, for a total transaction of $961,326.52. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William Casey Mcmanemin purchased 150,808 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was acquired at an average price of $14.98 per share, for a total transaction of $2,259,103.84. Following the acquisition, the chief executive officer now owns 660,570 shares in the company, valued at approximately $9,895,338.60. The disclosure for this purchase can be found here. Insiders purchased a total of 243,859 shares of company stock valued at $3,653,008 over the last ninety days. 9.20% of the stock is currently owned by insiders.
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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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