NASDAQ:DMLP opened at $18.55 on Thursday. The company has a market capitalization of $598.79 million, a P/E ratio of 11.75 and a beta of 1.06. Dorchester Minerals has a 1-year low of $14.11 and a 1-year high of $21.15.
Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, May 2nd. The energy company reported $0.42 earnings per share for the quarter. Dorchester Minerals had a return on equity of 61.75% and a net margin of 73.57%. The company had revenue of $19.03 million during the quarter.
A number of hedge funds have recently modified their holdings of DMLP. SCW Capital Management LP purchased a new stake in Dorchester Minerals in the fourth quarter worth $11,395,000. Delta Investment Management LLC purchased a new stake in Dorchester Minerals in the fourth quarter worth $5,442,000. JPMorgan Chase & Co. grew its stake in Dorchester Minerals by 276.7% in the third quarter. JPMorgan Chase & Co. now owns 210,764 shares of the energy company’s stock worth $4,300,000 after purchasing an additional 154,812 shares during the period. Private Wealth Partners LLC purchased a new stake in Dorchester Minerals in the first quarter worth $959,000. Finally, Albert D Mason Inc. purchased a new stake in Dorchester Minerals in the fourth quarter worth $626,000. 19.44% of the stock is currently owned by institutional investors.
Dorchester Minerals Company Profile
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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