Kimbell Royalty (NYSE:KRP) Cut to "Strong Sell" at Zacks Research

Key Points

• Kimbell Royalty's stock has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, reflecting a significantly negative outlook from analysts.
• The company's price target has also been lowered by KeyCorp from $18.00 to $17.00, with most analysts currently assigning an average rating of "Reduce" and a price target of $17.20.
• Kimbell Royalty reported a net income miss, earning $0.02 EPS in its latest quarter, compared to the consensus estimate of $0.14 EPS.

Kimbell Royalty (NYSE:KRP - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also commented on KRP. KeyCorp dropped their price target on Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. Wall Street Zen lowered Kimbell Royalty from a "buy" rating to a "hold" rating in a research note on Sunday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Kimbell Royalty currently has an average rating of "Reduce" and an average price target of $17.20.

Kimbell Royalty Stock Down 0.6%

Kimbell Royalty stock opened at $13.50 on Monday. The stock has a market cap of $1.46 billion, a PE ratio of -337.50 and a beta of 0.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.45 and a current ratio of 5.45. Kimbell Royalty has a one year low of $10.98 and a one year high of $16.99. The stock has a fifty day moving average of $14.03 and a 200 day moving average of $13.61.

Kimbell Royalty (NYSE:KRP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). The company had revenue of $86.55 million during the quarter, compared to analysts' expectations of $79.77 million. Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current year.

Insider Activity

In other news, insider Blayne Rhynsburger sold 3,600 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the completion of the sale, the insider directly owned 43,663 shares of the company's stock, valued at $599,929.62. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Kimbell Royalty

Several institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. purchased a new stake in shares of Kimbell Royalty in the first quarter worth approximately $29,000. Yaupon Capital Management LP purchased a new stake in shares of Kimbell Royalty in the first quarter worth approximately $6,300,000. Epoch Investment Partners Inc. raised its holdings in shares of Kimbell Royalty by 222.8% in the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company's stock worth $9,414,000 after buying an additional 464,142 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in shares of Kimbell Royalty by 604.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company's stock worth $23,683,000 after buying an additional 1,451,666 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Kimbell Royalty by 44.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 386,884 shares of the energy company's stock worth $5,416,000 after buying an additional 119,869 shares during the period. 25.78% of the stock is owned by institutional investors.

Kimbell Royalty Company Profile

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