Kimbell Royalty (NYSE:KRP) Receives Average Rating of “Reduce” from Brokerages

Shares of Kimbell Royalty (NYSE:KRP) have been assigned a consensus rating of “Reduce” from the eight analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.80.

Several equities analysts have commented on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Kimbell Royalty in a report on Monday, December 29th. Mizuho raised 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. Zacks Research cut shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup dropped their target price on shares of Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, January 12th.

Institutional Investors Weigh In On Kimbell Royalty

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of Kimbell Royalty by 60.3% in the 2nd quarter. Nordea Investment Management AB now owns 183,024 shares of the energy company’s stock valued at $2,544,000 after acquiring an additional 68,854 shares during the period. Truist Financial Corp boosted its position in Kimbell Royalty by 233.0% during the second quarter. Truist Financial Corp now owns 78,361 shares of the energy company’s stock valued at $1,094,000 after purchasing an additional 54,829 shares in the last quarter. SG Americas Securities LLC grew its stake in 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 last quarter. Mirador Capital Partners LP grew its stake in Kimbell Royalty by 279.5% in the third quarter. Mirador Capital Partners LP now owns 238,266 shares of the energy company’s stock valued at $3,214,000 after purchasing an additional 175,480 shares during the last quarter. Finally, AlphaCore Capital LLC raised its holdings in Kimbell Royalty by 18.9% in the second quarter. AlphaCore Capital LLC now owns 237,420 shares of the energy company’s stock worth $3,314,000 after purchasing an additional 37,750 shares in the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Kimbell Royalty Stock Performance

Kimbell Royalty stock opened at $12.85 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.39 and a quick ratio of 5.39. The firm has a market capitalization of $1.39 billion, a P/E ratio of -183.50, a price-to-earnings-growth ratio of 4.49 and a beta of 0.32. Kimbell Royalty has a 1-year low of $10.98 and a 1-year high of $16.14. The company’s 50-day moving average is $12.22 and its 200 day moving average is $13.24.

Kimbell Royalty (NYSE:KRP) last released its earnings results on Thursday, November 6th. The energy company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $82.68 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts forecast that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.40 annualized dividend and a yield of 10.9%. Kimbell Royalty’s dividend payout ratio is -2,000.00%.

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.