Brokerages Set Kimbell Royalty (NYSE:KRP) Price Target at $17.40

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 rating of "Hold" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.40.

KRP has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Kimbell Royalty from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Zacks Research lowered shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th.

Kimbell Royalty Stock Down 0.3%

Shares of KRP traded down $0.04 during midday trading on Thursday, hitting $13.94. The company had a trading volume of 502,474 shares, compared to its average volume of 455,263. The company's 50 day moving average price is $14.24 and its 200 day moving average price is $13.77. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -348.38 and a beta of 0.57. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $16.99. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.72.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.12). The company had revenue of $86.55 million during the quarter, compared to the consensus estimate of $79.77 million. Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.Kimbell Royalty's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. On average, equities research analysts predict that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were issued a $0.38 dividend. 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%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KRP. Wedbush Securities Inc. boosted its stake in Kimbell Royalty by 1.7% during the 2nd quarter. Wedbush Securities Inc. now owns 42,325 shares of the energy company's stock valued at $591,000 after purchasing an additional 711 shares during the period. Apollon Wealth Management LLC boosted its stake in Kimbell Royalty by 4.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 19,863 shares of the energy company's stock valued at $277,000 after purchasing an additional 895 shares during the period. Ruggaard & Associates LLC boosted its stake in Kimbell Royalty by 8.1% during the 2nd quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company's stock valued at $178,000 after purchasing an additional 950 shares during the period. Teacher Retirement System of Texas boosted its stake in Kimbell Royalty by 11.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,548 shares of the energy company's stock valued at $175,000 after purchasing an additional 1,322 shares during the period. Finally, AlphaCore Capital LLC boosted its stake in Kimbell Royalty by 0.9% during the 4th quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company's stock valued at $2,421,000 after purchasing an additional 1,350 shares during the period. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Company Profile