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

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 research report issued on Saturday.

KRP has been the subject of several other research reports. Raymond James Financial reissued a "market perform" rating on shares of Kimbell Royalty in a research report on Monday, March 3rd. KeyCorp decreased their price objective on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Mizuho assumed coverage on Kimbell Royalty in a report on Monday, March 31st. They set a "neutral" rating and a $16.00 price objective on the stock. Bank of America decreased their price objective on Kimbell Royalty from $16.00 to $14.00 and set an "underperform" rating on the stock in a report on Tuesday, March 4th. Finally, Royal Bank Of Canada upgraded Kimbell Royalty to a "moderate buy" rating in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.40.

Kimbell Royalty Stock Performance

Kimbell Royalty stock opened at $14.63 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.02 and a current ratio of 6.02. The stock has a fifty day moving average of $13.07 and a two-hundred day moving average of $14.32. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 292.62, a PEG ratio of 9.63 and a beta of 0.51. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $17.07.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $84.21 million during the quarter, compared to the consensus estimate of $84.05 million. Kimbell Royalty had a return on equity of 9.69% and a net margin of 5.25%. Kimbell Royalty's revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. On average, analysts anticipate that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Insider Activity at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 2,000 shares of Kimbell Royalty 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 transaction, the insider now owns 47,263 shares in the company, valued at approximately $627,180.01. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its holdings in Kimbell Royalty by 30.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,287 shares of the energy company's stock valued at $70,000 after acquiring an additional 1,000 shares during the last quarter. Virtus ETF Advisers LLC lifted its stake in shares of Kimbell Royalty by 10.3% during the fourth quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company's stock worth $179,000 after purchasing an additional 1,035 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Kimbell Royalty by 3.4% during the fourth quarter. Wedbush Securities Inc. now owns 38,930 shares of the energy company's stock worth $632,000 after purchasing an additional 1,298 shares in the last quarter. Ruggaard & Associates LLC lifted its stake in shares of Kimbell Royalty by 12.4% during the first quarter. Ruggaard & Associates LLC now owns 11,790 shares of the energy company's stock worth $165,000 after purchasing an additional 1,300 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its stake in shares of Kimbell Royalty by 0.9% during the fourth quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company's stock worth $2,421,000 after purchasing an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

About Kimbell Royalty

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