Kimbell Royalty Partners (KRP) to Release Earnings on Thursday

Kimbell Royalty Partners (NYSE:KRP) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect Kimbell Royalty Partners to post earnings of $0.14 per share and revenue of $84.05 million for the quarter.

Kimbell Royalty Partners Stock Up 0.1 %

KRP stock opened at $12.03 on Wednesday. The stock’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $14.91. Kimbell Royalty Partners has a fifty-two week low of $10.98 and a fifty-two week high of $17.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. The company has a market cap of $1.29 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 4.25 and a beta of 0.44.

Kimbell Royalty Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.60 annualized dividend and a yield of 13.30%. Kimbell Royalty Partners’s payout ratio is -1,454.55%.

Insider Activity

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of Kimbell Royalty Partners stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total transaction of $108,814.86. Following the completion of the sale, the insider now directly owns 49,263 shares in the company, valued at $682,785.18. The trade was a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KRP has been the subject of several recent research reports. Royal Bank of Canada raised shares of Kimbell Royalty Partners to a “moderate buy” rating in a research report on Friday, March 14th. KeyCorp decreased their price objective on Kimbell Royalty Partners from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Truist Financial downgraded Kimbell Royalty Partners from a “buy” rating to a “hold” rating and decreased their price target for the stock from $22.00 to $16.00 in a report on Tuesday, March 4th. Mizuho initiated coverage on Kimbell Royalty Partners in a research note on Monday, March 31st. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Raymond James reaffirmed a “market perform” rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.40.

About Kimbell Royalty Partners