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

Key Points

• Kimbell Royalty's stock was downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting a shift in analyst sentiment regarding the company's performance.
• The company reported a $0.02 EPS for the recent quarter, missing estimates, though it achieved a revenue of $86.55 million, which surpassed expectations.
• Insider Blayne Rhynsburger sold 3,600 shares of Kimbell Royalty, representing a 7.62% decrease in ownership, as institutional investors recently adjusted their positions in the company.

Kimbell Royalty (NYSE:KRP - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Several other analysts also recently issued reports on the stock. Zacks Research downgraded shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. KeyCorp cut their target price on shares of Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.20.

Kimbell Royalty Price Performance

KRP opened at $13.87 on Friday. Kimbell Royalty has a 1-year low of $10.98 and a 1-year high of $16.99. The company has a 50-day moving average of $14.05 and a 200-day moving average of $13.61. 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 market capitalization of $1.50 billion, a P/E ratio of -346.75 and a beta of 0.57.

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

Insider Buying and Selling

In related news, insider Blayne Rhynsburger sold 3,600 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the sale, the insider directly owned 43,663 shares in the company, valued at $599,929.62. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Kimbell Royalty

Large investors have recently made changes to their positions in the business. Corient Private Wealth LLC purchased a new position in Kimbell Royalty during the 2nd quarter valued at about $944,000. Osaic Holdings Inc. grew its stake in Kimbell Royalty by 14.7% in the second quarter. Osaic Holdings Inc. now owns 27,152 shares of the energy company's stock worth $379,000 after purchasing an additional 3,476 shares during the period. Thrivent Financial for Lutherans bought a new stake in Kimbell Royalty in the second quarter worth $167,000. Westwood Holdings Group Inc. bought a new stake in Kimbell Royalty in the second quarter worth $140,000. Finally, Ruggaard & Associates LLC lifted its holdings in shares of Kimbell Royalty by 8.1% during the second 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 in the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

About Kimbell Royalty

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