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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Stock Trade-of-the-Week: Dorchester Minerals (DMLP)

Stock-Markets / Stock Markets 2020 Jan 19, 2020 - 10:41 AM GMT

By: Donald_W_Dony

Stock-Markets

Company profile: Company profile: This company comes from energy sector, oil &gas industry of Nasdaq. Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states.


Fundamentals:

Trailing P/E: 12.40

Forward P/E: N/A

Beta: 1.01

EPS: 1.66

Dividend yield: 9.57%

P/S: 9.26

P/B: 6.13

Profit margin: 72.23%

Operating margin: 72.73%

ROA: 33.49%

ROE: 57.58%

Qrtly earnings growth: 39.10%

Current ratio: 8.46%

Additional fundamental data: https://finance.yahoo.com/quote/DMLP/key-statistics?p=DMLP

Technicals:

Recently broke out of a 19-month consolidation

New 52-week high

Buying momentum (RSI) is overbought

Buying volume is slightly elevated

1st support level is $18.90

Safety stop is at $17.50

The target is $23.50

Suggested buying approach: As DMLP is overbought, buy a half position now. When the stock pulls back, wait for confirmation of support and then add the position. Always use a 3% trailing stop.

New promising trades posted weekly.

There is only 4 more days of the once-a-year special for our research. Go to www.technicalspeculator.com for more information.

By Donald W. Dony, FCSI, MFTA
www.technicalspeculator.com

COPYRIGHT © 2020 Donald W. Dony
Donald W. Dony, FCSI, MFTA has been in the investment profession for over 20 years, first as a stock broker in the mid 1980's and then as the principal of D. W. Dony and Associates Inc., a financial consulting firm to present.  He is the editor and publisher of the Technical Speculator, a monthly international investment newsletter, which specializes in major world equity markets, currencies, bonds and interest rates as well as the precious metals markets.   

Donald is also an instructor for the Canadian Securities Institute (CSI). He is often called upon to design technical analysis training programs and to provide teaching to industry professionals on technical analysis at many of Canada's leading brokerage firms.  He is a respected specialist in the area of intermarket and cycle analysis and a frequent speaker at investment conferences.

Mr. Dony is a member of the Canadian Society of Technical Analysts (CSTA) and the International Federation of Technical Analysts (IFTA).

Donald W. Dony Archive

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