Dorchester Minerals (NASDAQ:DMLP) Shares Gap Up - Should You Buy?

Key Points

• Dorchester Minerals shares experienced a gap up in price, opening at $25.86 after previously closing at $24.74, while trading volume reached 23,278 shares.
• The company's latest earnings report showed a net margin of 47.35% and earnings per share (EPS) of $0.25, with a revenue of $32.40 million.
• Dorchester Minerals recently declared a quarterly dividend of $0.6202, resulting in a 10.1% dividend yield, although the dividend payout ratio is quite high at 144.19%.

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $24.74, but opened at $25.86. Dorchester Minerals shares last traded at $24.66, with a volume of 23,278 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Dorchester Minerals in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".

Dorchester Minerals Stock Performance

The stock has a market cap of $1.16 billion, a PE ratio of 14.31 and a beta of 0.61. The stock's 50-day moving average is $25.32 and its two-hundred day moving average is $27.14.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $0.25 EPS for the quarter. The company had revenue of $32.40 million during the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were issued a $0.6202 dividend. This represents a $2.48 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend was Monday, August 4th. Dorchester Minerals's dividend payout ratio is 144.19%.

Institutional Investors Weigh In On Dorchester Minerals

Several large investors have recently made changes to their positions in DMLP. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Dorchester Minerals in the first quarter valued at $445,000. Burford Brothers Inc. grew its stake in shares of Dorchester Minerals by 43.7% in the 1st quarter. Burford Brothers Inc. now owns 42,072 shares of the energy company's stock worth $1,266,000 after purchasing an additional 12,800 shares during the last quarter. Canton Hathaway LLC boosted its holdings in shares of Dorchester Minerals by 249.9% in the first quarter. Canton Hathaway LLC now owns 64,640 shares of the energy company's stock worth $1,944,000 after buying an additional 46,165 shares during the period. Wealthedge Investment Advisors LLC acquired a new position in shares of Dorchester Minerals in the first quarter worth about $416,000. Finally, Round Rock Advisors LLC boosted its holdings in shares of Dorchester Minerals by 140.0% during the first quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company's stock worth $8,397,000 after purchasing an additional 162,828 shares during the period. Institutional investors and hedge funds own 19.21% of the company's stock.

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.

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