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

Key Points

• Kimbell Royalty (NYSE:KRP) received an average consensus recommendation of "Hold" from six analysts, with one sell rating, four hold ratings, and one buy rating.
• The company reported $0.02 EPS for the last quarter, missing the consensus estimate of $0.14, despite a revenue increase of 12.9% year-over-year to $86.55 million.
• Kimbell Royalty recently declared a $0.38 quarterly dividend, resulting in an annualized dividend of $1.52 with a yield of 10.9%.

Shares of Kimbell Royalty (NYSE:KRP - Get Free Report) have earned an average recommendation of "Hold" from the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.40.

Several brokerages have recently issued reports on KRP. Wall Street Zen lowered Kimbell Royalty from a "buy" rating to a "hold" rating in a research note on Monday. Zacks Research cut Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th.

Kimbell Royalty Stock Performance

NYSE KRP opened at $13.98 on Thursday. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -349.38 and a beta of 0.52. The firm's 50 day simple moving average is $14.28 and its 200 day simple moving average is $13.82. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.99.

Kimbell Royalty (NYSE:KRP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The firm had revenue of $86.55 million for the quarter, compared to analyst estimates of $79.77 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts expect that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 10.9%. Kimbell Royalty's payout ratio is -3,800.00%.

Hedge Funds Weigh In On Kimbell Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRP. Bessemer Group Inc. bought a new stake in shares of Kimbell Royalty during the first quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of Kimbell Royalty during the 1st quarter valued at $34,000. Lowe Wealth Advisors LLC bought a new stake in Kimbell Royalty during the 1st quarter worth $34,000. Hilltop National Bank acquired a new position in Kimbell Royalty in the 2nd quarter worth about $42,000. Finally, Chilton Capital Management LLC bought a new position in Kimbell Royalty in the first quarter valued at about $44,000. Institutional investors own 25.78% of the company's stock.

About Kimbell Royalty

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