Kimbell Royalty (NYSE:KRP) Receives Consensus Recommendation of "Hold" from Analysts

Kimbell Royalty (NYSE:KRP - Get Free Report) has been given a consensus rating of "Hold" by the five ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.40.

Several equities research analysts have issued reports on KRP shares. KeyCorp dropped their target price on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Royal Bank Of Canada upgraded Kimbell Royalty to a "moderate buy" rating in a report on Friday, March 14th. Wall Street Zen raised Kimbell Royalty from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, Mizuho began coverage on shares of Kimbell Royalty in a report on Monday, March 31st. They set a "neutral" rating and a $16.00 target price for the company.

Insider Activity

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total value of $26,540.00. Following the completion of the sale, the insider directly owned 47,263 shares in the company, valued at $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 is available at the SEC website. Corporate insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Kimbell Royalty during the fourth quarter worth about $30,449,000. Adage Capital Partners GP L.L.C. grew its stake in Kimbell Royalty by 604.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company's stock valued at $23,683,000 after acquiring an additional 1,451,666 shares in the last quarter. Ghisallo Capital Management LLC purchased a new stake in Kimbell Royalty during the 1st quarter valued at about $10,150,000. Epoch Investment Partners Inc. grew its stake in Kimbell Royalty by 222.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company's stock valued at $9,414,000 after acquiring an additional 464,142 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in Kimbell Royalty during the 1st quarter valued at about $6,300,000. Hedge funds and other institutional investors own 25.78% of the company's stock.

Kimbell Royalty Stock Performance

Shares of NYSE KRP traded up $0.14 during midday trading on Wednesday, reaching $14.21. The company's stock had a trading volume of 255,799 shares, compared to its average volume of 633,715. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $17.07. The firm has a 50 day moving average price of $13.61 and a 200-day moving average price of $14.14. The stock has a market capitalization of $1.52 billion, a P/E ratio of 284.10, a PEG ratio of 6.97 and a beta of 0.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.02 and a quick ratio of 6.02.

Kimbell Royalty (NYSE:KRP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. Kimbell Royalty had a return on equity of 9.69% and a net margin of 5.25%. 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 business earned $0.04 earnings per share. Kimbell Royalty's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 20th were paid a $0.47 dividend. This is an increase from Kimbell Royalty's previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a yield of 13.23%. The ex-dividend date was Tuesday, May 20th. Kimbell Royalty's dividend payout ratio is currently 3,760.00%.

About Kimbell Royalty