Dorchester Minerals, L.P. engages (DMLP) 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.

Dorchester Minerals Management LP serves as the general partner of Dorchester Minerals, L.P. The company was founded in 1982. 

On May 5th, Dorchester Minerals (DMLP) reported Quarter March 2022 earnings of $0.80 per share on revenue of $40.4 million. Revenue grew 127.1% on a year-over-year basis. 

Shares have formed a bullish "flag" following the earnings report. High oil prices should push shares higher out of this formation.

Entry Point: $30.15

Stop Loss: $28.00

Trading Range: $15.01 - $30.25

Target Price: $33.25