Kimbell Royalty (NYSE:KRP) Stock Rating Lowered by Wall Street Zen

Key Points

• Kimbell Royalty has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, alongside a downgrade from Zacks Research on August 14th, leading to a consensus rating of "hold" with an average target price of $17.40.
• The company's quarterly earnings reported a miss on EPS expectations, posting $0.02 compared to a consensus estimate of $0.14, despite a 12.9% increase in revenue year-over-year.
• Insider transactions indicate a slight reduction in share ownership, with insider Blayne Rhynsburger selling 2,000 shares, resulting in a 4.06% decrease in position.

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 note issued to investors on Monday.

Separately, Zacks Research lowered shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Trading Down 0.9%

Shares of NYSE KRP traded down $0.12 during trading on Monday, hitting $13.98. 347,277 shares of the company were exchanged, compared to its average volume of 493,131. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $16.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.45 and a current ratio of 5.45. The company has a fifty day moving average price of $14.25 and a 200-day moving average price of $13.79. The firm has a market capitalization of $1.51 billion, a PE ratio of -349.48 and a beta of 0.52.

Kimbell Royalty (NYSE:KRP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) 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 analysts' expectations of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The firm's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, equities research analysts expect that Kimbell Royalty will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KRP. Bessemer Group Inc. purchased a new position in Kimbell Royalty in the first quarter worth $29,000. Lowe Wealth Advisors LLC acquired a new stake in Kimbell Royalty in the first quarter valued at $34,000. GAMMA Investing LLC acquired a new stake in Kimbell Royalty in the first quarter valued at $34,000. Hilltop National Bank acquired a new stake in Kimbell Royalty in the second quarter valued at $42,000. Finally, Chilton Capital Management LLC acquired a new stake in Kimbell Royalty in the first quarter valued at $44,000. Hedge funds and other institutional investors own 25.78% of the company's stock.

About Kimbell Royalty