Wall Street Zen Upgrades Kimbell Royalty (NYSE:KRP) to “Buy”

Kimbell Royalty (NYSE:KRP) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts also recently weighed in on the stock. Zacks Research downgraded shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. KeyCorp reduced their price objective on shares of Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Kimbell Royalty currently has a consensus rating of “Hold” and an average target price of $17.20.

Kimbell Royalty Stock Performance

NYSE:KRP opened at $13.35 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of -333.75 and a beta of 0.57. The company has a 50 day simple moving average of $14.10 and a two-hundred day simple moving average of $13.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.45 and a current ratio of 5.45. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.99.

Kimbell Royalty (NYSE:KRP) last released its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The firm had revenue of $86.55 million for the quarter, compared to analyst estimates of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Research analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Insider Activity

In other news, insider Blayne Rhynsburger sold 3,600 shares of Kimbell Royalty stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $13.74, for a total transaction of $49,464.00. Following the completion of the sale, the insider owned 43,663 shares in the company, valued at approximately $599,929.62. This trade represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Kimbell Royalty

Large investors have recently modified their holdings of the business. Bessemer Group Inc. bought a new stake in Kimbell Royalty in the 1st quarter worth approximately $29,000. GAMMA Investing LLC bought a new stake in Kimbell Royalty in the 1st quarter worth approximately $34,000. Lowe Wealth Advisors LLC bought a new stake in Kimbell Royalty in the 1st quarter worth approximately $34,000. Hilltop National Bank bought a new stake in Kimbell Royalty in the 2nd quarter worth approximately $42,000. Finally, Chilton Capital Management LLC bought a new stake in Kimbell Royalty in the 1st quarter worth approximately $44,000. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Company Profile