Dorchester Minerals (NASDAQ:DMLP) Announces Earnings Results

Dorchester Minerals (NASDAQ:DMLP) posted its earnings results on Thursday. The energy company reported $0.24 EPS for the quarter, Zacks reports. The company had revenue of $39.71 million for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.

Dorchester Minerals Stock Down 2.9 %

NASDAQ DMLP opened at $31.16 on Friday. Dorchester Minerals has a fifty-two week low of $28.41 and a fifty-two week high of $35.74. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 14.70 and a beta of 1.07. The business has a fifty day moving average of $32.56 and a 200-day moving average of $31.97.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a $0.7394 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.49%. Dorchester Minerals’s dividend payout ratio (DPR) is 139.62%.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 6,500 shares of the stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $30.90 per share, with a total value of $200,850.00. Following the completion of the transaction, the insider now owns 47,682 shares in the company, valued at approximately $1,473,373.80. The trade was a 15.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley J. Ehrman purchased 14,430 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $34.41 per share, with a total value of $496,536.30. Following the transaction, the chief executive officer now owns 29,622 shares of the company’s stock, valued at $1,019,293.02. This trade represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 52,269 shares of company stock worth $1,732,575. 7.10% of the stock is currently owned by insiders.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.