Kimbell Royalty Partners, LP (NYSE:KRP) Expected to Announce Earnings of $0.17 Per Share

Wall Street analysts expect Kimbell Royalty Partners, LP (NYSE:KRPGet Rating) to report earnings of $0.17 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Kimbell Royalty Partners’ earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.12. Kimbell Royalty Partners posted earnings of ($0.02) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 950%. The firm is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Kimbell Royalty Partners will report full-year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $1.34. For the next fiscal year, analysts anticipate that the business will post earnings of $1.30 per share, with EPS estimates ranging from $0.51 to $2.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Kimbell Royalty Partners.

Kimbell Royalty Partners (NYSE:KRPGet Rating) last announced its earnings results on Thursday, February 24th. The energy company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.26. The company had revenue of $55.68 million during the quarter, compared to the consensus estimate of $45.50 million. Kimbell Royalty Partners had a return on equity of 9.61% and a net margin of 22.64%. During the same quarter in the prior year, the company earned $0.30 earnings per share.

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

Shares of Kimbell Royalty Partners stock traded up $0.03 during midday trading on Friday, reaching $16.83. 355,202 shares of the company’s stock traded hands, compared to its average volume of 389,170. 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 company has a market cap of $1.09 billion, a PE ratio of 33.66 and a beta of 1.69. The stock has a 50 day moving average of $16.49 and a 200-day moving average of $15.19. Kimbell Royalty Partners has a 12 month low of $10.00 and a 12 month high of $17.72.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 9th. Stockholders of record on Monday, May 2nd will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, April 29th. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.37. This represents a $1.88 annualized dividend and a dividend yield of 11.17%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently 296.01%.

In other news, Director Mitch S. Wynne sold 13,689 shares of the firm’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $16.18, for a total transaction of $221,488.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Blayne Rhynsburger sold 2,000 shares of the stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $15.45, for a total value of $30,900.00. The disclosure for this sale can be found here. Insiders have sold 4,015,608 shares of company stock valued at $60,411,170 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in KRP. Fifth Third Bancorp purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter valued at $27,000. Dorsey Wright & Associates purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter valued at $52,000. Accel Wealth Management boosted its position in shares of Kimbell Royalty Partners by 40.0% during the first quarter. Accel Wealth Management now owns 7,000 shares of the energy company’s stock valued at $114,000 after buying an additional 2,000 shares during the last quarter. Simmons Bank purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter valued at $147,000. Finally, HighTower Advisors LLC purchased a new position in Kimbell Royalty Partners in the third quarter worth about $152,000. 28.88% of the stock is currently owned by institutional investors.

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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