DMLP Stock Summary and Trading Ideas (Dorchester Minerals LP - Common Units Representing Limited Partnership Interests | NASDAQ:DMLP)

Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonus, and others. It has leasehold interests in approximately 592 counties and parishes in around 28 states.

Dorchester Minerals LP - Common Units Representing Limited Partnership Interests trades on the NASDAQ stock market under the symbol DMLP.

As of April 26, 2024, DMLP stock price declined to $32.97 with 74,081 million shares trading.

DMLP has a beta of 0.21, meaning it tends to be less sensitive to market movements. DMLP has a correlation of 0.02 to the broad based SPY ETF.

DMLP has a market cap of $1.32 billion. This is considered a Small Cap stock.

In the last 3 years, DMLP stock traded as high as $35.74 and as low as $14.51.

The top ETF exchange traded funds that DMLP belongs to (by Net Assets): INFL, BFOR, VRAI.

DMLP has underperformed the market in the last year with a price return of +17.7% while the SPY ETF gained +27.1%. DMLP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.7% and -3.5%, respectively, while the SPY returned +4.7% and -1.7%, respectively.

DMLP support price is $33.18 and resistance is $34.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DMLP stock will trade within this expected range on the day.