Kimbell Royalty (NYSE:KRP) Downgraded to “Hold” Rating by Wall Street Zen

Kimbell Royalty (NYSE:KRPGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, KeyCorp decreased their target price on shares of Kimbell Royalty from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.40.

Check Out Our Latest Analysis on Kimbell Royalty

Kimbell Royalty Stock Performance

KRP opened at $14.46 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.02 and a quick ratio of 6.02. The firm has a fifty day moving average price of $14.20 and a 200 day moving average price of $13.96. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.99. The stock has a market cap of $1.55 billion, a P/E ratio of -361.60 and a beta of 0.52.

Kimbell Royalty (NYSE:KRPGet Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.12). Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.67%. The firm had revenue of $86.55 million during the quarter, compared to analyst estimates of $79.77 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities research analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total transaction of $26,540.00. Following the completion of the transaction, the insider directly owned 47,263 shares in the company, valued at approximately $627,180.01. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Kimbell Royalty

A number of large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its holdings in shares of Kimbell Royalty by 27.8% during the second quarter. Rockefeller Capital Management L.P. now owns 72,522 shares of the energy company’s stock worth $1,012,000 after buying an additional 15,779 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Kimbell Royalty during the second quarter worth $140,000. SG Americas Securities LLC grew its holdings in shares of Kimbell Royalty by 151.0% in the second quarter. SG Americas Securities LLC now owns 39,595 shares of the energy company’s stock valued at $553,000 after purchasing an additional 23,820 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of Kimbell Royalty in the second quarter valued at about $56,000. Finally, Wedbush Securities Inc. grew its holdings in shares of Kimbell Royalty by 1.7% in the second quarter. Wedbush Securities Inc. now owns 42,325 shares of the energy company’s stock valued at $591,000 after purchasing an additional 711 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Company Profile

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