DMLP
Dorchester Minerals, L.P. Energy - Oil & Gas Royalties Investor Relations →
Dorchester Minerals, L.P. (DMLP) closed at $27.57 as of 2026-03-20, trading 16.0% above its 200-week moving average of $23.77. The stock moved further from the line this week, up from 13.7% last week. With a 14-week RSI of 82, DMLP is in overbought territory.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.09 ratio) is neutral — neither side is clearly dominating.
Over the past 1158 weeks of data, DMLP has crossed below its 200-week moving average 10 times. On average, these episodes lasted 24 weeks. Historically, investors who bought DMLP at the start of these episodes saw an average one-year return of +15.1%.
With a market cap of $1330 million, DMLP is a small-cap stock. The company generates a free cash flow yield of 8.3%, which is notably high. Return on equity stands at 17.2%, a solid level. The stock trades at 4.3x book value.
Share count has increased 25.8% over three years, indicating dilution. DMLP passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 22.2 years, a hypothetical investment of $100 in DMLP would have grown to $1083, compared to $861 for the S&P 500. That represents an annualized return of 11.3% vs 10.2% for the index — confirming DMLP as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
In the past 12 months, corporate insiders have made 10 open-market purchases totaling $2,027,117. Multiple insiders purchased within a 30-day window — a cluster buy pattern that historically signals management confidence in the company's prospects.
Free cash flow has been declining at a -3.4% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: DMLP vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DMLP Crosses Below the Line?
Across 10 historical episodes, buying DMLP when it crossed below its 200-week moving average produced an average return of +14.6% after 12 months (median +12.0%), compared to +9.2% for the S&P 500 over the same periods. 75% of those episodes were profitable after one year. After 24 months, the average return was +60.2% vs +28.9% for the index.
Each line shows $100 invested at the moment DMLP crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DMLP has crossed below its 200-week MA 10 times with an average 1-year return of +15.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2007 | Dec 2007 | 2 | 1.8% | -2.2% | +625.2% |
| Jan 2008 | Jan 2008 | 1 | 1.3% | +2.5% | +614.4% |
| Oct 2008 | Oct 2008 | 1 | 14.0% | +37.7% | +635.7% |
| Nov 2008 | May 2009 | 26 | 23.7% | +30.2% | +615.0% |
| Jun 2012 | Jun 2012 | 1 | 3.2% | +29.9% | +382.6% |
| Dec 2012 | Dec 2012 | 4 | 4.0% | +29.8% | +357.7% |
| Jun 2015 | Mar 2018 | 141 | 55.3% | -27.9% | +275.3% |
| Mar 2020 | Feb 2021 | 48 | 35.8% | +20.9% | +287.5% |
| Oct 2025 | Oct 2025 | 2 | 1.6% | N/A | +22.1% |
| Nov 2025 | Jan 2026 | 11 | 8.0% | N/A | +26.7% |
| Average | 24 | — | +15.1% | — |
Frequently Asked Questions
Is DMLP below its 200-week moving average?
No. Dorchester Minerals, L.P. (DMLP) is currently 16.0% above its 200-week moving average of $23.77. It would need to fall to $23.77 to cross below the line.
What is DMLP's 200-week moving average price?
Dorchester Minerals, L.P.'s 200-week moving average is $23.77 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when DMLP drops below its 200-week moving average?
DMLP has crossed below its 200-week moving average 10 times in our data. On average, buying at that moment produced a one-year return of +15.1%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is DMLP a good value right now?
Here's what our data says about DMLP as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 82 (overbought). Free cash flow yield is 8.3%. Return on equity is 17.2%. Price-to-book is 4.3x. This is not a buy or sell recommendation — always do your own research.
How does DMLP compare to the S&P 500?
Over the past 22.2 years, $100 invested in DMLP would have grown to $1083, compared to $861 for the S&P 500. That's 11.3% annualized vs 10.2% for the index. DMLP has outperformed the broader market over this period.
Does DMLP pay a dividend?
Yes. Dorchester Minerals, L.P. currently pays a dividend yield of 1011.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20