Dorchester Minerals (NASDAQ:DMLP) Downgraded by StockNews.com

Dorchester Minerals (NASDAQ:DMLP) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Dorchester Minerals Stock Performance

DMLP opened at $31.94 on Monday. The stock’s fifty day moving average is $33.09 and its 200-day moving average is $31.23. The company has a market capitalization of $1.28 billion, a PE ratio of 12.43 and a beta of 1.10. Dorchester Minerals has a one year low of $27.16 and a one year high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $50.42 million for the quarter. Dorchester Minerals had a return on equity of 59.35% and a net margin of 66.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. grew its stake in Dorchester Minerals by 4,306.7% in the 3rd quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after buying an additional 2,584 shares in the last quarter. HWG Holdings LP bought a new stake in shares of Dorchester Minerals during the 4th quarter worth $318,000. Alps Advisors Inc. lifted its holdings in shares of Dorchester Minerals by 8.5% during the 3rd quarter. Alps Advisors Inc. now owns 11,893 shares of the energy company’s stock worth $345,000 after acquiring an additional 933 shares during the last quarter. HighTower Advisors LLC lifted its stake in Dorchester Minerals by 181.1% in the third quarter. HighTower Advisors LLC now owns 19,094 shares of the energy company’s stock worth $555,000 after purchasing an additional 12,302 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its stake in Dorchester Minerals by 7.0% in the fourth quarter. Kovack Advisors Inc. now owns 8,025 shares of the energy company’s stock worth $255,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Company Profile

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.