Kimbell Royalty (NYSE:KRP) Upgraded by Wall Street Zen to “Buy” Rating

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

Several other equities research analysts have also issued reports on the stock. Zacks Research raised shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimbell Royalty in a report on Wednesday, October 8th. Finally, KeyCorp lowered their price target on Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.20.

Kimbell Royalty Trading Up 0.9%

Kimbell Royalty stock opened at $13.80 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of -197.10 and a beta of 0.45. Kimbell Royalty has a 12 month low of $10.98 and a 12 month high of $16.59. The stock’s 50 day simple moving average is $13.40 and its two-hundred day simple moving average is $13.68. The company has a current ratio of 5.39, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72.

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, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $80.62 million during the quarter, compared to analysts’ expectations of $82.68 million. Kimbell Royalty had a net margin of 10.66% and a return on equity of 12.51%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Insider Transactions at Kimbell Royalty

In other Kimbell Royalty 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 transaction of $49,464.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kimbell Royalty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. increased its position in shares of Kimbell Royalty by 604.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company’s stock worth $23,683,000 after purchasing an additional 1,451,666 shares in the last quarter. Ghisallo Capital Management LLC acquired a new stake in Kimbell Royalty during the 1st quarter worth $10,150,000. Epoch Investment Partners Inc. grew its holdings in shares of Kimbell Royalty by 222.8% during the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company’s stock worth $9,414,000 after buying an additional 464,142 shares in the last quarter. Yaupon Capital Management LP acquired a new stake in shares of Kimbell Royalty in the first quarter valued at about $6,300,000. Finally, Energy Income Partners LLC raised its position in shares of Kimbell Royalty by 231.4% in the first quarter. Energy Income Partners LLC now owns 585,969 shares of the energy company’s stock valued at $8,204,000 after buying an additional 409,175 shares during the last quarter. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Company Profile