Kimbell Royalty (NYSE:KRP) Cut to Hold at Wall Street Zen

Kimbell Royalty (NYSE:KRP) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts have also issued reports on the stock. Zacks Research lowered shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Citigroup dropped their price objective 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. Weiss Ratings upgraded shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a research note on Monday, November 24th. Finally, Mizuho lowered their price target on shares of Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.00.

Kimbell Royalty Stock Down 1.0%

NYSE:KRP opened at $14.41 on Friday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 3.68 and a beta of 0.30. Kimbell Royalty has a 1-year low of $10.98 and a 1-year high of $15.12. The company has a current ratio of 8.64, a quick ratio of 5.39 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average price is $13.23 and its 200 day moving average price is $13.15.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. Kimbell Royalty had a return on equity of 13.73% and a net margin of 26.43%.The firm had revenue of $82.45 million during the quarter, compared to analyst estimates of $76.78 million. During the same period last year, the company posted ($0.48) EPS. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, sell-side analysts forecast that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimbell Royalty

A number of hedge funds have recently bought and sold shares of KRP. Legacy Investment Solutions LLC acquired a new stake in shares of Kimbell Royalty in the second quarter worth $56,000. State of Wyoming acquired a new position in Kimbell Royalty during the 3rd quarter valued at $62,000. EverSource Wealth Advisors LLC boosted its holdings in Kimbell Royalty by 29.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after purchasing an additional 1,250 shares during the period. Marex Group plc acquired a new stake in Kimbell Royalty in the 4th quarter worth $118,000. Finally, Sowell Financial Services LLC acquired a new stake in Kimbell Royalty in the 4th quarter worth $120,000. 25.78% of the stock is currently owned by 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.