Dorchester Minerals saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 92 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Dorchester Minerals is currently about 2% above a 33.95 entry from a cup with handle. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than those with more liquidity.
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The stock sports a 93 EPS Rating, meaning its recent quarterly and annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 19% EPS growth. It has now posted accelerating EPS growth for two consecutive quarters. Revenue growth rose 26%, up from 22% in the prior report. That marks two consecutive reports with rising growth.
Dorchester Minerals earns the No. 2 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources is the top-ranked stock within the group.
