Kimbell Royalty Partners (KRP) to Release Earnings on Thursday

Kimbell Royalty Partners (NYSE:KRPGet Rating) will be announcing its earnings results before the market opens on Thursday, May 5th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Kimbell Royalty Partners (NYSE:KRPGet Rating) last issued its earnings results on Thursday, February 24th. The energy company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.18 by $0.26. The company had revenue of $55.68 million during the quarter, compared to analysts’ expectations of $45.50 million. Kimbell Royalty Partners had a net margin of 22.64% and a return on equity of 9.61%. During the same quarter in the previous year, the company posted $0.30 EPS. On average, analysts expect Kimbell Royalty Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Kimbell Royalty Partners stock opened at $17.30 on Thursday. The firm has a fifty day moving average of $16.43 and a two-hundred day moving average of $15.16. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 34.60 and a beta of 1.69. Kimbell Royalty Partners has a 52 week low of $10.00 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.60 and a current ratio of 1.60.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 9th. Shareholders of record on Monday, May 2nd will be given a dividend of $0.47 per share. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, April 29th. This represents a $1.88 annualized dividend and a dividend yield of 10.87%. Kimbell Royalty Partners’s payout ratio is presently 296.01%.

Several analysts have commented on KRP shares. Stephens started coverage on shares of Kimbell Royalty Partners in a research report on Wednesday, April 13th. They set an “overweight” rating and a $22.00 target price for the company. TheStreet upgraded shares of Kimbell Royalty Partners from a “c” rating to a “b” rating in a research report on Friday, February 25th. Zacks Investment Research upgraded shares of Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, April 13th. KeyCorp upped their price objective on shares of Kimbell Royalty Partners from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, April 11th. Finally, Raymond James upped their price objective on shares of Kimbell Royalty Partners from $22.00 to $25.00 and gave the company a “strong-buy” rating in a research report on Monday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kimbell Royalty Partners presently has a consensus rating of “Buy” and a consensus price target of $20.20.

In other news, major shareholder Pep I. Holdings, Llc sold 3,999,919 shares of the stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $15.04, for a total transaction of $60,158,781.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Blayne Rhynsburger sold 2,000 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $15.45, for a total transaction of $30,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,015,608 shares of company stock valued at $60,411,170. Company insiders own 14.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new stake in Kimbell Royalty Partners in the 2nd quarter valued at about $248,000. Bank of New York Mellon Corp bought a new position in Kimbell Royalty Partners in the 3rd quarter valued at about $528,000. Stifel Financial Corp raised its holdings in Kimbell Royalty Partners by 59.6% in the 4th quarter. Stifel Financial Corp now owns 44,925 shares of the energy company’s stock valued at $612,000 after acquiring an additional 16,785 shares during the period. UBS Group AG raised its holdings in Kimbell Royalty Partners by 17.7% in the 3rd quarter. UBS Group AG now owns 43,695 shares of the energy company’s stock valued at $617,000 after acquiring an additional 6,575 shares during the period. Finally, Royal Bank of Canada raised its holdings in Kimbell Royalty Partners by 5.6% in the 3rd quarter. Royal Bank of Canada now owns 48,490 shares of the energy company’s stock valued at $686,000 after acquiring an additional 2,587 shares during the period. Institutional investors and hedge funds own 28.88% of the company’s stock.

Kimbell Royalty Partners Company Profile (Get Rating)

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres.

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Earnings History for Kimbell Royalty Partners (NYSE:KRP)

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