Dorchester Minerals (NASDAQ:DMLP) Stock Rating Upgraded by StockNews.com

Dorchester Minerals (NASDAQ:DMLPGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Dorchester Minerals stock opened at $26.85 on Friday. Dorchester Minerals has a 52 week low of $14.58 and a 52 week high of $27.52. The company has a market capitalization of $993.05 million, a price-to-earnings ratio of 13.84 and a beta of 1.09. The stock has a 50-day moving average price of $25.19 and a 200 day moving average price of $22.09.

Dorchester Minerals (NASDAQ:DMLPGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The energy company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $30.30 million during the quarter. Dorchester Minerals had a return on equity of 63.57% and a net margin of 75.11%.

In other news, COO Bradley J. Ehrman purchased 1,309 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The stock was purchased at an average cost of $23.03 per share, for a total transaction of $30,146.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Leslie A. Moriyama purchased 1,945 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were purchased at an average price of $24.58 per share, with a total value of $47,808.10. The disclosure for this purchase can be found here. 7.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. increased its position in shares of Dorchester Minerals by 22.4% during the first quarter. Advisor Group Holdings Inc. now owns 8,199 shares of the energy company’s stock worth $212,000 after purchasing an additional 1,503 shares in the last quarter. Choate Investment Advisors purchased a new stake in shares of Dorchester Minerals during the first quarter worth approximately $218,000. Howard Financial Services LTD. boosted its stake in Dorchester Minerals by 1.9% during the first quarter. Howard Financial Services LTD. now owns 33,619 shares of the energy company’s stock worth $872,000 after buying an additional 636 shares during the last quarter. Meixler Investment Management Ltd. acquired a new position in Dorchester Minerals during the fourth quarter worth $10,098,000. Finally, Goldman Sachs Group Inc. boosted its stake in Dorchester Minerals by 17.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 45,288 shares of the energy company’s stock worth $896,000 after buying an additional 6,677 shares during the last quarter. Hedge funds and other institutional investors own 18.45% of the company’s stock.

Dorchester Minerals Company Profile (Get Rating)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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