Kimbell Royalty (NYSE:KRP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Kimbell Royalty (NYSE:KRP) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.40.

KRP has been the subject of several analyst reports. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. KeyCorp restated a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kimbell Royalty in a report on Monday. Mizuho boosted their price target on shares of Kimbell Royalty from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Zacks Research raised shares of Kimbell Royalty from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th.

Kimbell Royalty Price Performance

Shares of KRP opened at $11.83 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.39 and a current ratio of 5.39. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.59. The firm has a 50-day simple moving average of $12.66 and a 200-day simple moving average of $13.49. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -168.93 and a beta of 0.33.

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

Kimbell Royalty Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend was Monday, November 17th. Kimbell Royalty’s dividend payout ratio is -2,000.00%.

Institutional Trading of Kimbell Royalty

A number of institutional investors have recently modified their holdings of KRP. Wedbush Securities Inc. boosted its position in shares of Kimbell Royalty by 1.7% during the 2nd quarter. Wedbush Securities Inc. now owns 42,325 shares of the energy company’s stock worth $591,000 after purchasing an additional 711 shares in the last quarter. Arrow Investment Advisors LLC lifted its stake in shares of Kimbell Royalty by 6.8% in the third quarter. Arrow Investment Advisors LLC now owns 12,595 shares of the energy company’s stock valued at $170,000 after purchasing an additional 797 shares during the period. Bridgewealth Advisory Group LLC boosted its holdings in Kimbell Royalty by 6.1% during the third quarter. Bridgewealth Advisory Group LLC now owns 14,124 shares of the energy company’s stock worth $191,000 after buying an additional 814 shares in the last quarter. Centaurus Financial Inc. grew its position in Kimbell Royalty by 5.0% during the third quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company’s stock worth $243,000 after buying an additional 852 shares during the period. Finally, Apollon Wealth Management LLC increased its holdings in Kimbell Royalty by 4.7% in the second quarter. Apollon Wealth Management LLC now owns 19,863 shares of the energy company’s stock valued at $277,000 after buying an additional 895 shares in the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Kimbell Royalty Company Profile

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.