Mizuho Cuts Kimbell Royalty (NYSE:KRP) Price Target to $16.00

Kimbell Royalty (NYSE:KRPFree Report) had its target price reduced by Mizuho from $17.00 to $16.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

A number of other research analysts also recently commented on the stock. KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Weiss Ratings upgraded shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Citigroup cut their price objective on shares of Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Zacks Research downgraded shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kimbell Royalty presently has a consensus rating of “Hold” and an average price target of $15.60.

View Our Latest Research Report on Kimbell Royalty

Kimbell Royalty Stock Down 1.1%

Shares of NYSE:KRP opened at $14.34 on Friday. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $15.35. The stock has a market cap of $1.55 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.30. The business’s 50 day moving average is $12.93 and its 200 day moving average is $13.12. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.72.

Kimbell Royalty (NYSE:KRPGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $82.45 million for the quarter, compared to the consensus estimate of $76.78 million. Kimbell Royalty had a return on equity of 13.53% and a net margin of 26.43%.The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.48) EPS. Sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, March 18th. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.3%. Kimbell Royalty’s payout ratio is presently -2,000.00%.

Hedge Funds Weigh In On Kimbell Royalty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. grew its position in 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 during the last quarter. Arrow Investment Advisors LLC lifted its stake in shares of Kimbell Royalty by 6.8% during the third quarter. Arrow Investment Advisors LLC now owns 12,595 shares of the energy company’s stock worth $170,000 after buying an additional 797 shares during the period. Bridgewealth Advisory Group LLC lifted its stake in shares of Kimbell Royalty by 5.7% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 14,934 shares of the energy company’s stock worth $176,000 after buying an additional 810 shares during the period. Aptus Capital Advisors LLC grew its holdings in shares of Kimbell Royalty by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 193,021 shares of the energy company’s stock valued at $2,270,000 after buying an additional 840 shares during the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of Kimbell Royalty by 5.0% in the 3rd quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company’s stock valued at $243,000 after acquiring an additional 852 shares during the period. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty News Summary

Here are the key news stories impacting Kimbell Royalty this week:

About Kimbell Royalty

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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.

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Analyst Recommendations for Kimbell Royalty (NYSE:KRP)

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