Brokerages predict that Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) will report $54.82 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Kimbell Royalty Partners’ earnings, with estimates ranging from $43.87 million to $69.00 million. Kimbell Royalty Partners posted sales of $25.73 million in the same quarter last year, which suggests a positive year over year growth rate of 113.1%. The business is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Kimbell Royalty Partners will report full-year sales of $208.74 million for the current fiscal year, with estimates ranging from $175.21 million to $272.00 million. For the next fiscal year, analysts expect that the business will report sales of $223.43 million, with estimates ranging from $192.90 million to $254.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The energy company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.26. Kimbell Royalty Partners had a return on equity of 12.75% and a net margin of 27.46%. The company had revenue of $55.68 million for the quarter, compared to the consensus estimate of $45.50 million. During the same quarter last year, the business posted $0.30 EPS.
Kimbell Royalty Partners stock opened at $17.78 on Friday. The firm’s fifty day moving average price is $16.88 and its 200-day moving average price is $15.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.15. Kimbell Royalty Partners has a fifty-two week low of $10.00 and a fifty-two week high of $18.17. The stock has a market cap of $1.15 billion, a P/E ratio of 27.35 and a beta of 1.53.
The company also recently declared a quarterly dividend, which was paid on Monday, May 9th. Stockholders of record on Monday, May 2nd were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.57%. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, April 29th. Kimbell Royalty Partners’s payout ratio is currently 289.23%.
In related news, major shareholder Pep I. Holdings, Llc sold 3,999,919 shares of the business’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $15.04, for a total transaction of $60,158,781.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mitch S. Wynne sold 13,689 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $16.18, for a total value of $221,488.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,015,608 shares of company stock worth $60,411,170. Company insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in shares of Kimbell Royalty Partners in the 2nd quarter worth approximately $248,000. Wells Fargo & Company MN boosted its holdings in Kimbell Royalty Partners by 21.1% in the 2nd quarter. Wells Fargo & Company MN now owns 112,988 shares of the energy company’s stock worth $1,452,000 after buying an additional 19,663 shares during the period. Morgan Stanley boosted its holdings in shares of Kimbell Royalty Partners by 96.7% during the 2nd quarter. Morgan Stanley now owns 353,841 shares of the energy company’s stock valued at $4,546,000 after purchasing an additional 173,984 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Kimbell Royalty Partners by 683.7% during the 3rd quarter. Deutsche Bank AG now owns 72,716 shares of the energy company’s stock valued at $1,027,000 after purchasing an additional 63,438 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its position in shares of Kimbell Royalty Partners by 21.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 33,575 shares of the energy company’s stock valued at $474,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 31.51% of the company’s stock.
About Kimbell Royalty Partners (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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