DMLP
Dorchester Minerals, L.P. Energy - Oil & Gas Royalties Investor Relations →
Dorchester Minerals, L.P. (DMLP) closed at $29.55 as of 2026-09-11, trading 26.0% above its 200-week moving average of $23.45. The stock moved further from the line this week, up from 24.9% last week. The 14-week RSI sits at 66, indicating neutral momentum.
Trading volume is running at 0.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.81 ratio) is neutral — neither side is clearly dominating.
Over the past 1183 weeks of data, DMLP has crossed below its 200-week moving average 9 times. On average, these episodes lasted 26 weeks. Historically, investors who bought DMLP at the start of these episodes saw an average one-year return of +16.9%.
With a market cap of $1451 million, DMLP is a small-cap stock. The company generates a free cash flow yield of 8.6%, which is notably high. Return on equity stands at 28.0%, indicating strong profitability. The stock trades at 4.6x 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 22.8 years, a hypothetical investment of $100 in DMLP would have grown to $1238, compared to $1017 for the S&P 500. That represents an annualized return of 11.7% vs 10.7% 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 11 open-market purchases totaling $2,203,316. Multiple insiders purchased within a 30-day window — a cluster buy pattern that historically signals management confidence in the company's prospects.
Free cash flow has been declining at a -3.4% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 9 historical episodes, buying DMLP when it crossed below its 200-week moving average produced an average return of +15.6% after 12 months (median +12.0%), compared to +15.9% for the S&P 500 over the same periods. 71% of those episodes were profitable after one year. After 24 months, the average return was +64.0% vs +35.4% 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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices DMLP would reach each dislocation threshold.
Dislocation Price Levels
Prices where DMLP's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-11-05.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $21.71 | Unusually cheap — analysis point |
| Value | +1σ | $23.31 | Cheap vs. own history |
| Fair Value | +0σ | $25.17 | Historical mean behavior |
| Expensive | -1σ | $27.36 | Expensive vs. own history |
| Deep Expensive | -2σ | $29.96 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from DMLP's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
DMLP has crossed below its 200-week MA 9 times with an average 1-year return of +16.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2007 | Dec 2007 | 2 | 2.0% | -2.2% | +728.9% |
| Oct 2008 | Oct 2008 | 1 | 14.1% | +37.7% | +741.0% |
| Nov 2008 | May 2009 | 26 | 23.9% | +30.2% | +717.3% |
| Jun 2012 | Jun 2012 | 1 | 3.3% | +29.9% | +451.7% |
| Dec 2012 | Dec 2012 | 4 | 4.1% | +29.8% | +423.2% |
| Jun 2015 | Mar 2018 | 141 | 55.4% | -27.9% | +329.0% |
| Mar 2020 | Feb 2021 | 48 | 35.9% | +20.9% | +343.0% |
| Oct 2025 | Oct 2025 | 2 | 1.8% | N/A | +39.5% |
| Nov 2025 | Jan 2026 | 11 | 8.1% | N/A | +40.9% |
| Average | 26 | — | +16.9% | — |
Frequently Asked Questions
Is DMLP below its 200-week moving average?
No. Dorchester Minerals, L.P. (DMLP) is currently 26.0% above its 200-week moving average of $23.45. It would need to fall to $23.45 to cross below the line.
What is DMLP's 200-week moving average price?
Dorchester Minerals, L.P.'s 200-week moving average is $23.45 as of 2026-09-11. 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 9 times in our data. On average, buying at that moment produced a one-year return of +16.9%. These dips have historically been decent entry points. These episodes lasted 26 weeks on average.
Is DMLP a good value right now?
Here's what our data says about DMLP as of 2026-09-11: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 66. Free cash flow yield is 8.6%. Return on equity is 28.0%. Price-to-book is 4.6x. 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 22.8 years, $100 invested in DMLP would have grown to $1238, compared to $1017 for the S&P 500. That's 11.7% annualized vs 10.7% 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 1079.00%.
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 2026-09-11