Dorchester Minerals (NASDAQ:DMLP) Posts Earnings Results

Dorchester Minerals (NASDAQ:DMLP) posted its quarterly earnings data on Thursday. The energy company reported $0.24 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $39.71 million for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Dorchester Minerals Trading Down 0.2 %

DMLP stock opened at $32.36 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of 11.64 and a beta of 1.07. The firm has a 50 day simple moving average of $32.59 and a 200-day simple moving average of $31.95. Dorchester Minerals has a twelve month low of $28.41 and a twelve month high of $35.74.

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 given a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s payout ratio is currently 106.47%.

Insiders Place Their Bets

In other news, insider Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $32.21 per share, with a total value of $209,365.00. Following the completion of the acquisition, the insider now owns 28,728 shares in the company, valued at $925,328.88. The trade was a 29.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley J. Ehrman purchased 14,430 shares of Dorchester Minerals stock in a transaction dated 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 acquisition, the chief executive officer now owns 29,622 shares of the company’s stock, valued at approximately $1,019,293.02. This trade represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 52,269 shares of company stock valued at $1,732,575 over the last 90 days. 7.10% of the stock is owned by company insiders.

About Dorchester Minerals

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.