Wall Street Zen Downgrades Kimbell Royalty (NYSE:KRP) to Hold

Kimbell Royalty (NYSE:KRP) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

KRP has been the subject of a number of other reports. Citigroup dropped their target price on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, January 12th. Zacks Research lowered Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. Mizuho dropped their price objective on Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Finally, KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kimbell Royalty currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Kimbell Royalty Stock Performance

NYSE KRP opened at $14.41 on Friday. Kimbell Royalty has a twelve month low of $10.98 and a twelve month high of $15.12. The company has a quick ratio of 8.64, a current ratio of 8.64 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.55 billion, a P/E ratio of 23.24, a PEG ratio of 3.64 and a beta of 0.30. The company’s 50-day simple moving average is $13.23 and its 200 day simple moving average is $13.14.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings results on Thursday, February 26th. The energy company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $82.45 million during the quarter, compared to analysts’ expectations of $76.78 million. Kimbell Royalty had a net margin of 26.43% and a return on equity of 13.73%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.48) earnings per share. As a group, research analysts forecast that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of Kimbell Royalty

A number of hedge funds and other institutional investors have recently modified their holdings of KRP. Legacy Investment Solutions LLC acquired a new position in Kimbell Royalty during the 2nd quarter worth $56,000. State of Wyoming bought a new position in Kimbell Royalty in the 3rd quarter valued at $62,000. EverSource Wealth Advisors LLC increased its stake in shares of Kimbell Royalty by 29.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after buying an additional 1,250 shares during the period. Marex Group plc acquired a new stake in shares of Kimbell Royalty in the 4th quarter valued at $118,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Kimbell Royalty during the fourth quarter worth $120,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

About Kimbell Royalty

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.