Brokerages Set Kimbell Royalty (NYSE:KRP) Target Price at $17.20

Shares of Kimbell Royalty (NYSE:KRP) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.20.

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen cut shares of Kimbell Royalty from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimbell Royalty in a report on Wednesday, October 8th. Finally, KeyCorp dropped their price objective on Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd.

Insider Buying and Selling at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 3,600 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the completion of the transaction, the insider directly owned 43,663 shares in the company, valued at approximately $599,929.62. The trade was a 7.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is owned by company insiders.

Institutional Trading of Kimbell Royalty

Hedge funds have recently bought and sold shares of the stock. Hilltop National Bank acquired a new position in shares of Kimbell Royalty in the second quarter valued at approximately $42,000. Legacy Investment Solutions LLC bought a new stake in Kimbell Royalty in the 2nd quarter valued at $56,000. MAI Capital Management boosted its stake in Kimbell Royalty by 4,300.0% in the 1st quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock worth $62,000 after purchasing an additional 4,300 shares during the period. State of Wyoming acquired a new position in Kimbell Royalty in the 3rd quarter worth $62,000. Finally, Westwood Holdings Group Inc. bought a new position in Kimbell Royalty during the 2nd quarter worth about $140,000. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Trading Down 0.2%

NYSE:KRP opened at $13.68 on Tuesday. Kimbell Royalty has a 1-year low of $10.98 and a 1-year high of $16.59. The business’s 50-day moving average price is $13.39 and its two-hundred day moving average price is $13.67. The company has a current ratio of 5.39, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -195.40 and a beta of 0.45.

Kimbell Royalty (NYSE:KRP) last posted its earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $80.62 million during the quarter, compared to analyst estimates of $82.68 million. Kimbell Royalty had a return on equity of 12.51% and a net margin of 10.66%.The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. On average, equities analysts expect that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 17th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.2%. Kimbell Royalty’s dividend payout ratio (DPR) is currently -2,171.43%.

Kimbell Royalty Company Profile