Kimbell Royalty Partners, LP (NYSE:KRP) Given Average Recommendation of “Buy” by Brokerages

Kimbell Royalty Partners, LP (NYSE:KRPGet Free Report) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $21.00.

Several equities analysts recently weighed in on KRP shares. KeyCorp lifted their target price on Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Truist Financial lowered their target price on Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, TD Securities lowered their target price on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd.

View Our Latest Analysis on Kimbell Royalty Partners

Kimbell Royalty Partners Stock Performance

Kimbell Royalty Partners stock opened at $16.78 on Monday. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.60 billion, a P/E ratio of 27.97 and a beta of 1.07. The stock’s 50 day moving average is $16.14 and its 200 day moving average is $15.53. Kimbell Royalty Partners has a twelve month low of $14.02 and a twelve month high of $17.11.

Kimbell Royalty Partners (NYSE:KRPGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.15). Kimbell Royalty Partners had a return on equity of 5.74% and a net margin of 12.93%. The company had revenue of $87.50 million during the quarter, compared to analysts’ expectations of $79.42 million. During the same quarter in the previous year, the company earned $0.36 EPS. The business’s quarterly revenue was up 52.4% on a year-over-year basis. On average, equities research analysts predict that Kimbell Royalty Partners will post 0.94 earnings per share for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a dividend of $0.49 per share. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. This represents a $1.96 annualized dividend and a yield of 11.68%. The ex-dividend date of this dividend was Friday, May 10th. Kimbell Royalty Partners’s payout ratio is presently 326.67%.

Insiders Place Their Bets

In other news, Director Brett G. Taylor sold 5,480 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $15.55, for a total transaction of $85,214.00. Following the transaction, the director now owns 343,082 shares of the company’s stock, valued at $5,334,925.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Brett G. Taylor sold 5,480 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $15.55, for a total transaction of $85,214.00. Following the transaction, the director now owns 343,082 shares of the company’s stock, valued at $5,334,925.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brett G. Taylor sold 27,163 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $15.51, for a total value of $421,298.13. Following the transaction, the director now directly owns 299,030 shares in the company, valued at approximately $4,637,955.30. The disclosure for this sale can be found here. Insiders have sold 106,019 shares of company stock valued at $1,699,036 over the last ninety days. 5.60% of the stock is owned by insiders.

Institutional Trading of Kimbell Royalty Partners

A number of large investors have recently modified their holdings of KRP. First Command Advisory Services Inc. purchased a new stake in Kimbell Royalty Partners during the third quarter worth $48,000. Annandale Capital LLC lifted its holdings in Kimbell Royalty Partners by 8.1% during the third quarter. Annandale Capital LLC now owns 11,328 shares of the energy company’s stock worth $181,000 after buying an additional 850 shares during the period. Barclays PLC lifted its holdings in Kimbell Royalty Partners by 13.2% during the third quarter. Barclays PLC now owns 11,909 shares of the energy company’s stock worth $191,000 after buying an additional 1,386 shares during the period. Steward Partners Investment Solutions LLC purchased a new stake in Kimbell Royalty Partners during the fourth quarter worth $195,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kimbell Royalty Partners by 11.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,115 shares of the energy company’s stock worth $197,000 after buying an additional 1,379 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile

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