Should I Buy DMLP? DMLP 2026 Analysis

Should You Buy Dorchester Minerals LP (DMLP) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

25.400

1 Day change

0.24%

52 Week Range

34.060

Analysis Updated At

2026/01/28

DMLP is NOT a good buy right now for a beginner, long-term investor who wants to enter immediately. The stock is in a clear technical downtrend (bearish moving averages and weakening MACD), and the latest quarter (2025/Q3) shows sharp YoY declines in revenue, earnings, and margins. The dividend headline (12%+ forward yield) is a positive catalyst, but it’s being supported by a business that is currently shrinking, which makes the risk/reward unattractive for a “buy now and hold” entry at this moment.

Technical Analysis

Trend is bearish. Moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), indicating the price is below key trend levels and momentum is weak. MACD histogram is negative (-0.0657) and expanding downward, which typically confirms downside momentum is strengthening rather than stabilizing. RSI(6) is ~25.85, which is effectively oversold/washed-out conditions, but oversold alone is not a reliable buy signal when the broader trend is down. Key levels: Pivot 25.51 (price is hovering around this area). Near-term support: S1 24.88 then S2 24.49. Near-term resistance: R1 26.14 then R2 26.53. A “good buy right now” setup would look more like stabilization above the pivot with momentum improving; current indicators do not show that yet.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Options positioning is relatively bullish on open interest (put/call OI ratio 0.28 implies more call open interest than puts). However, today’s options trading activity is extremely thin (total volume 24; put volume 0; call volume 24), so the sentiment signal is not strongly confirmed by real-time trading demand. Implied volatility is modest (30D IV ~23.27) and low vs its own history (IV percentile ~18.8; IV rank ~9.4), suggesting the options market is not pricing in a major near-term move.

Technical Summary

Sell

Buy

Positive Catalysts

Dividend catalyst: declared quarterly dividend of $0.7557 (news dated 2026-01-
with a stated forward yield around 12.77%, which can attract income-focused buyers.
Options open interest skew favors calls (OI put/call 0.28), mildly supportive for sentiment.
Short-term statistical pattern readout suggests modest upside bias over 1 month (+3.69% probability-weighted indication), though this is not a decisive signal.

Neutral/Negative Catalysts

Technical downtrend: bearish MA stack and negatively expanding MACD indicate the path of least resistance is still down.
Fundamentals weakening sharply in the latest reported quarter (2025/Q3), raising the risk that the high yield reflects business/commodity pressure rather than strength.
No supportive proprietary timing signals today (no AI Stock Picker or SwingMax entry), reducing confidence in a “buy now” entry for an impatient investor.
No notable hedge fund/insider accumulation trends reported recently (both neutral).

Financial Performance

Latest quarter: 2025/Q3. Revenue fell to $35.416M (-33.77% YoY). Net income dropped to $10.767M (-69.36% YoY). EPS declined to $0.23 (-73.56% YoY). Gross margin fell to 39.81 (-45.83% YoY). Overall: strong negative growth trend YoY, which undermines the quality of the dividend story for a long-term beginner investor entering right now.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

No analyst rating trend or price target change data was provided, so a current Wall Street consensus view cannot be reliably summarized from the dataset. Based on the available facts, the ‘pro’ case would be income (high dividend) and relatively bullish call-skewed open interest; the ‘con’ case is the pronounced YoY financial deterioration and bearish technical trend, which currently outweigh the income appeal for a new long-term entry.

Analyst Rating

Wall Street analysts forecast DMLP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DMLP is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

Buy