Kimbell Royalty (NYSE:KRP) Rating Lowered to “Strong Sell” at Zacks Research

Kimbell Royalty (NYSE:KRP) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

KRP has been the subject of several other reports. Royal Bank Of Canada started coverage on Kimbell Royalty in a report on Friday, May 29th. They issued an “outperform” rating and a $20.00 target price for the company. Weiss Ratings lowered Kimbell Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

Kimbell Royalty Trading Down 1.2%

Shares of Kimbell Royalty stock opened at $14.60 on Monday. The stock has a market cap of $1.57 billion, a P/E ratio of 31.73 and a beta of 0.30. The stock’s 50 day simple moving average is $14.89 and its 200-day simple moving average is $14.51. Kimbell Royalty has a 1-year low of $11.31 and a 1-year high of $15.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.12 and a quick ratio of 5.12.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.19). Kimbell Royalty had a net margin of 22.76% and a return on equity of 11.70%. The company had revenue of $65.54 million during the quarter, compared to analyst estimates of $90.25 million. During the same period in the prior year, the business posted $0.20 EPS. Kimbell Royalty’s revenue for the quarter was down 6.7% compared to the same quarter last year. Analysts predict that Kimbell Royalty will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bridgewealth Advisory Group LLC increased its stake in Kimbell Royalty by 5.7% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 14,934 shares of the energy company’s stock worth $176,000 after acquiring an additional 810 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Kimbell Royalty by 0.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 193,021 shares of the energy company’s stock valued at $2,270,000 after purchasing an additional 840 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of Kimbell Royalty by 5.0% in the 3rd quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company’s stock valued at $243,000 after purchasing an additional 852 shares during the last quarter. Ruggaard & Associates LLC grew its holdings in shares of Kimbell Royalty by 8.1% during the 2nd quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company’s stock worth $178,000 after purchasing an additional 950 shares during the period. Finally, Hilltop Holdings Inc. grew its holdings in shares of Kimbell Royalty by 4.2% during the 1st quarter. Hilltop Holdings Inc. now owns 25,000 shares of the energy company’s stock worth $362,000 after purchasing an additional 1,000 shares during the period. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Kimbell Royalty Company Profile

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.