Kimbell Royalty (NYSE:KRP) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analyst sentiment is mixed: Six brokerages give Kimbell Royalty a consensus “Hold” rating, with three buys, two holds and one sell. The average 12-month price target is $18.00 versus a recent share price of $15.18.
• Kimbell Royalty reported quarterly earnings of $0.40 per share, exceeding the $0.23 consensus estimate, while revenue rose 29.9% year over year to $112.48 million.
• The company raised its quarterly dividend to $0.47 per share, implying an annualized yield of about 12.4%; however, its dividend payout ratio is elevated at 195.24%.

Shares of Kimbell Royalty (NYSE:KRP - Get Free Report) have been assigned an average recommendation of "Hold" from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.00.

KRP has been the topic of a number of recent research reports. Zacks Research lowered shares of Kimbell Royalty from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Royal Bank Of Canada assumed coverage on shares of Kimbell Royalty in a research note on Friday, May 29th. They issued an "outperform" rating and a $20.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Kimbell Royalty from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 14th.

Kimbell Royalty Stock Performance

Shares of NYSE KRP opened at $15.18 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.12 and a quick ratio of 5.12. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 18.07 and a beta of 0.30. The stock's fifty day moving average price is $14.88 and its two-hundred day moving average price is $14.62. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.80.

Kimbell Royalty (NYSE:KRP - Get Free Report) last posted its earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.17. The company had revenue of $112.48 million during the quarter, compared to the consensus estimate of $93.45 million. Kimbell Royalty had a return on equity of 15.36% and a net margin of 27.17%.The company's revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. On average, equities analysts forecast that Kimbell Royalty will post 0.81 EPS for the current year.

Kimbell Royalty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be given a $0.47 dividend. The ex-dividend date is Monday, August 17th. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.41. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.4%. Kimbell Royalty's dividend payout ratio (DPR) is presently 195.24%.

Institutional Investors Weigh In On Kimbell Royalty

Several institutional investors have recently made changes to their positions in KRP. Hilltop National Bank bought a new position in Kimbell Royalty during the 2nd quarter worth $44,000. Ascentis Independent Advisors bought a new stake in shares of Kimbell Royalty during the 1st quarter valued at $60,000. EverSource Wealth Advisors LLC grew its holdings in shares of Kimbell Royalty by 29.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company's stock worth $64,000 after purchasing an additional 1,250 shares in the last quarter. Marex Group plc acquired a new stake in shares of Kimbell Royalty during the 4th quarter worth $118,000. Finally, Tableaux LLC acquired a new stake in shares of Kimbell Royalty during 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.

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