Dorchester Minerals, LP stock trades under the ticker DMLP & has shown recent bullishness that traders & investors should research further into.
DMLP stock closed at $24.69/share on 7/12/2022.
Dorchester Minerals, LP DMLP Stock’s Technical Performance Broken Down
DMLP Stock Price: $24.69
10 Day Moving Average: $24.82
50 Day Moving Average: $27.55
200 Day Moving Average: $22.41
RSI: 42.26
MACD: -1.014
Yesterday, DMLP stock completed a bullish MACD crossover, trading on roughly average volume compared to the year prior.
Their RSI is still leaning towards oversold, and they need to remain above the $23.28/share support level.
They will need to cross above the $25.57 & $27.15/share resistance levels to continue climbing higher.
Dorchester Minerals, LP DMLP Stock As A Long-Term Investment
Long-term oriented investors will like DMLP stock’s P/E (ttm) of 10.48, but will find their P/B (mrq) of 5.81 to be too high.
They recently reported 127.1% Quarterly Revenue Growth Y-o-Y, with 159% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing, with $32.97M of Total Cash (mrq) & $1.81M of Total Debt (mrq).
DMLP stock pays a 9.37% dividend yield, which may not be sustainable in the long-term, as their payout ratio is 80.12%.
21% of DMLP stock’s outstanding share float is owned by institutional investors.
Dorchester Minerals, LP DMLP Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to protect themselves from broader market volatility, while profiting from price movements in DMLP stock.
I am looking at the contracts with the 8/19 expiration date.
The $22.50, $20, $17.50 & $15 calls are all in-the-money, listed in order of highest to lowest levels of open interest.
The $25, $30 & $35 puts are also in-the-money, listed from most to least liquid strike price.
Tying It All Together
DMLP stock has many unique characteristics that traders & investors will find appealing.
Long-term oriented investors will like their balance sheet & dividend yield, but may want to look deeper into how sustainable their yield is based on their payout ratio.
Short-term focused traders will like their current technical momentum, but may be disappointed by how liquid their options are.
Overall, DMLP stock is worth researching further into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF DMLP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***