Kimbell Royalty (NYSE:KRP) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Kimbell Royalty has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen.
• KeyCorp has reduced its target price for Kimbell shares from $20.00 to $18.00 while maintaining an "overweight" rating.
• The company reported a miss on earnings per share for the last quarter, with actual earnings of $0.02 compared to the consensus estimate of $0.14.

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

Separately, KeyCorp decreased their target price on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.40.

Kimbell Royalty Trading Up 0.4%

KRP stock traded up $0.06 during midday trading on Friday, hitting $14.43. The company had a trading volume of 495,518 shares, compared to its average volume of 762,731. The company has a current ratio of 6.02, a quick ratio of 6.02 and a debt-to-equity ratio of 0.44. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $16.99. The stock's 50 day moving average price is $14.22 and its 200 day moving average price is $13.92. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -360.78 and a beta of 0.52.

Kimbell Royalty (NYSE:KRP - Get Free Report) last announced its 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 business had revenue of $86.55 million for the quarter, compared to the consensus estimate of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.67%. Kimbell Royalty's revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, equities research analysts expect that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 2,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total transaction of $26,540.00. Following the sale, the insider directly owned 47,263 shares of the company's stock, valued at $627,180.01. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Kimbell Royalty

Several institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its position in shares of Kimbell Royalty by 9.0% during the second quarter. American Century Companies Inc. now owns 2,770,741 shares of the energy company's stock valued at $38,680,000 after buying an additional 228,379 shares during the last quarter. Raymond James Financial Inc. bought a new position in Kimbell Royalty in the fourth quarter valued at about $30,449,000. Adage Capital Partners GP L.L.C. lifted its holdings in 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 valued at $23,683,000 after acquiring an additional 1,451,666 shares during the period. Ghisallo Capital Management LLC bought a new position in Kimbell Royalty in the first quarter valued at about $10,150,000. Finally, Epoch Investment Partners Inc. lifted its holdings in Kimbell Royalty by 222.8% in the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company's stock valued at $9,414,000 after acquiring an additional 464,142 shares during the period. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Company Profile