Media stories about Dorchester Minerals (NASDAQ:DMLP) have trended somewhat negative recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dorchester Minerals earned a news sentiment score of -0.04 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 44.6615137901486 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Dorchester Minerals (NASDAQ DMLP) opened at $15.48 on Friday. Dorchester Minerals has a twelve month low of $13.90 and a twelve month high of $19.10. The stock has a market capitalization of $513.25, a PE ratio of 16.12 and a beta of 0.78.
Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Friday, November 3rd. The energy company reported $0.22 earnings per share for the quarter. The business had revenue of $12.48 million for the quarter. Dorchester Minerals had a return on equity of 40.04% and a net margin of 64.05%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Stockholders of record on Monday, January 29th will be issued a dividend of $0.3869 per share. This represents a $1.55 annualized dividend and a dividend yield of 10.00%. The ex-dividend date is Friday, January 26th. Dorchester Minerals’s dividend payout ratio is currently 161.46%.
Separately, BidaskClub upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Thursday, January 4th.
In other Dorchester Minerals news, COO Bradley J. Ehrman acquired 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $15.05 per share, for a total transaction of $25,585.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Vaughn acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average price of $14.60 per share, for a total transaction of $73,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 31,711 shares of company stock worth $499,986. Insiders own 9.20% of the company’s stock.
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Dorchester Minerals Company Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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