Kimbell Royalty (NYSE:KRP) Stock Gets Downgrade from Wall Street Zen

Kimbell Royalty (NYSE:KRP - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on KRP. KeyCorp upped their price objective on Kimbell Royalty from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. Weiss Ratings lowered Kimbell Royalty from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Finally, Zacks Research raised Kimbell Royalty from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Kimbell Royalty presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.25.

Kimbell Royalty Stock Up 0.7%

Shares of NYSE:KRP opened at $15.54 on Friday. The company has a quick ratio of 7.30, a current ratio of 3.79 and a debt-to-equity ratio of 0.69. Kimbell Royalty has a 12-month low of $11.31 and a 12-month high of $17.12. The business has a fifty day simple moving average of $15.39 and a 200 day simple moving average of $14.87. The firm has a market cap of $1.93 billion, a P/E ratio of 20.04 and a beta of 0.38.

Kimbell Royalty (NYSE:KRP - Get Free Report) last issued its earnings results on Thursday, November 5th. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Kimbell Royalty had a return on equity of 13.37% and a net margin of 25.39%. The company had revenue of $86.33 million for the quarter, compared to the consensus estimate of $104.41 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm's revenue was up 7.1% compared to the same quarter last year. Analysts predict that Kimbell Royalty will post 1.10 earnings per share for the current year.

Insider Transactions at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 4,524 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $15.08, for a total value of $68,221.92. Following the sale, the insider directly owned 70,639 shares in the company, valued at $1,065,236.12. This represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Marshall Wace LLP raised its position in shares of Kimbell Royalty by 197.5% in the third quarter. Marshall Wace LLP now owns 1,675,145 shares of the energy company's stock worth $23,921,000 after buying an additional 1,112,045 shares in the last quarter. Smith Moore & CO. grew its position in Kimbell Royalty by 14.1% during the third quarter. Smith Moore & CO. now owns 36,003 shares of the energy company's stock worth $514,000 after buying an additional 4,458 shares in the last quarter. First Trust Advisors LP grew its position in Kimbell Royalty by 8.1% during the third quarter. First Trust Advisors LP now owns 337,735 shares of the energy company's stock worth $4,823,000 after buying an additional 25,446 shares in the last quarter. State Street Corp increased its stake in Kimbell Royalty by 30.0% in the 3rd quarter. State Street Corp now owns 190,993 shares of the energy company's stock worth $2,727,000 after acquiring an additional 44,061 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in Kimbell Royalty in the 3rd quarter worth about $261,000. Institutional investors own 25.78% of the company's stock.

About Kimbell Royalty

Kimbell Royalty Partners, LP is a Fort Worth-based company that owns oil and natural gas mineral and royalty interests. It leases these interests to exploration and production companies and receives royalties when oil or natural gas is produced. The company's portfolio spans producing areas across the United States, including major basins such as the Permian, Eagle Ford, Bakken, and Appalachian regions. Kimbell generally does not drill wells or operate production facilities itself; its revenue is tied to activity by the operators working on its properties.

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