Dorchester Minerals (NASDAQ:DMLP) issued its earnings results on Thursday. The energy company reported $0.38 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $20.60 million for the quarter. Dorchester Minerals had a net margin of 71.35% and a return on equity of 54.80%.
Shares of DMLP stock traded down $0.11 on Friday, reaching $17.84. The stock had a trading volume of 49,130 shares, compared to its average volume of 47,040. The company has a quick ratio of 12.50, a current ratio of 12.50 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $18.63. The stock has a market capitalization of $622.50 million, a price-to-earnings ratio of 11.29 and a beta of 1.02. Dorchester Minerals has a 12 month low of $14.11 and a 12 month high of $21.15.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Monday, July 29th will be issued a $0.515 dividend. The ex-dividend date is Friday, July 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 11.55%.
Separately, BidaskClub raised shares of Dorchester Minerals from a “sell” rating to a “hold” rating in a report on Friday, July 12th.
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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