Dorchester Minerals (NASDAQ:DMLP) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Dorchester Minerals was upgraded by Wall Street Zen from “hold” to “buy”, while Weiss Ratings also improved its view from “sell (d+)” to “hold (c-)”.
• The stock opened at $26.02 and has a market cap of about $1.26 billion; it currently trades below its 52-week high of $28.95 but above its 52-week low of $20.85.
• In its latest quarterly report, the energy company posted $0.59 EPS on $58.88 million in revenue, with a 40.85% net margin and 21.77% return on equity.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Separately, Weiss Ratings raised shares of Dorchester Minerals from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorchester Minerals has an average rating of "Hold".

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $26.02 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of 18.72 and a beta of 0.56. Dorchester Minerals has a one year low of $20.85 and a one year high of $28.95. The firm's fifty day moving average is $27.42 and its two-hundred day moving average is $24.91.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. The company had revenue of $58.88 million for the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 21.77%.

Institutional Trading of Dorchester Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in DMLP. Royal Bank of Canada boosted its holdings in shares of Dorchester Minerals by 5.4% in the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company's stock valued at $2,240,000 after acquiring an additional 3,785 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Dorchester Minerals by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company's stock worth $1,073,000 after buying an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock worth $35,000 after buying an additional 440 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Dorchester Minerals during the second quarter worth about $293,000. Finally, JPMorgan Chase & Co. boosted its holdings in Dorchester Minerals by 17.0% during the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company's stock worth $301,000 after buying an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 19.21% of the company's stock.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. NASDAQ: DMLP is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.

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