Kimbell Royalty (NYSE:KRP) Receives Average Recommendation of “Hold” from Analysts

Shares of Kimbell Royalty (NYSE:KRPGet Free Report) have been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.00.

Several analysts have weighed in on the stock. Zacks Research lowered shares of Kimbell Royalty from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada initiated coverage on Kimbell Royalty in a report on Friday, May 29th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kimbell Royalty in a research note on Tuesday, August 11th.

Check Out Our Latest Research Report on KRP

Institutional Trading of Kimbell Royalty

Hedge funds have recently bought and sold shares of the company. Hilltop National Bank bought a new stake in shares of Kimbell Royalty during the second quarter valued at about $44,000. Ascentis Independent Advisors acquired a new stake in shares of Kimbell Royalty during the first quarter worth $60,000. EverSource Wealth Advisors LLC raised its position in shares of Kimbell Royalty by 29.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock worth $64,000 after purchasing an additional 1,250 shares during the period. First Bancorp Inc ME purchased a new stake in shares of Kimbell Royalty during the second quarter valued at $90,000. Finally, Marex Group plc purchased a new stake in shares of Kimbell Royalty during the fourth quarter valued at $118,000. 25.78% of the stock is currently owned by institutional investors.

Kimbell Royalty Stock Performance

NYSE:KRP opened at $14.97 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.30 and a quick ratio of 7.30. Kimbell Royalty has a 1-year low of $11.31 and a 1-year high of $15.80. The firm has a 50-day moving average of $14.85 and a two-hundred day moving average of $14.66. The stock has a market cap of $1.72 billion, a P/E ratio of 17.82 and a beta of 0.30.

Kimbell Royalty (NYSE:KRPGet Free Report) last issued its quarterly earnings data on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. The firm had revenue of $112.48 million during the quarter, compared to analyst estimates of $93.45 million. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.Kimbell Royalty’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. On average, research analysts expect that Kimbell Royalty will post 0.81 earnings per share for the current fiscal year.

Kimbell Royalty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be given a dividend of $0.47 per share. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Monday, August 17th. Kimbell Royalty’s payout ratio is currently 195.24%.

About Kimbell Royalty

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Kimbell Royalty (NYSE:KRP)

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