Wall Street Zen Downgrades Kimbell Royalty (NYSE:KRP) to Hold

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

Several other brokerages also recently issued reports on KRP. Mizuho started coverage on shares of Kimbell Royalty in a research note on Monday, March 31st. They issued a "neutral" rating and a $16.00 price objective for the company. Bank of America dropped their price objective on Kimbell Royalty from $16.00 to $14.00 and set an "underperform" rating for the company in a report on Tuesday, March 4th. Truist Financial lowered Kimbell Royalty from a "buy" rating to a "hold" rating and reduced their target price for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. KeyCorp decreased their target price on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Royal Bank Of Canada upgraded shares of Kimbell Royalty to a "moderate buy" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Kimbell Royalty has a consensus rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Trading Down 1.9%

NYSE:KRP traded down $0.27 during midday trading on Friday, hitting $14.03. 875,615 shares of the company traded hands, compared to its average volume of 624,474. The firm has a market capitalization of $1.50 billion, a P/E ratio of 280.50, a P/E/G ratio of 9.66 and a beta of 0.51. The firm's fifty day moving average is $13.12 and its 200-day moving average is $14.29. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $17.07. 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 (NYSE:KRP - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. Kimbell Royalty had a net margin of 5.25% and a return on equity of 9.69%. The business had revenue of $84.21 million for the quarter, compared to the consensus estimate of $84.05 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business's revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current year.

Insider Transactions at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total value of $26,540.00. Following the completion of the transaction, the insider now directly owns 47,263 shares of the company's stock, valued at approximately $627,180.01. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.60% of the company's stock.

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 in the 1st quarter valued at about $29,000. PNC Financial Services Group Inc. acquired a new stake in Kimbell Royalty in the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust purchased a new position in Kimbell Royalty in the fourth quarter worth $32,000. Lowe Wealth Advisors LLC purchased a new position in Kimbell Royalty in the first quarter worth $34,000. Finally, GAMMA Investing LLC acquired a new position in shares of Kimbell Royalty during the first quarter worth $34,000. Hedge funds and other institutional investors own 25.78% of the company's stock.

About Kimbell Royalty