Kimbell Royalty (NYSE:KRP) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Kimbell Royalty has received an average recommendation of "Hold" from six brokerages, with one analyst recommending a sell and one a buy.
• The company's latest earnings report showed a missed EPS estimate of $0.02, while revenue increased by 12.9% year-over-year.
• Kimbell Royalty recently cut its dividend, announcing a quarterly payment of $0.38, representing an annualized yield of 11.4%.

Shares of Kimbell Royalty (NYSE:KRP - Get Free Report) have earned an average recommendation of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.20.

KRP has been the subject of a number of recent research reports. Zacks Research cut shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. KeyCorp dropped their price objective on shares of Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of Kimbell Royalty from a "hold" rating to a "buy" rating in a research report on Saturday.

Insider Buying and Selling at Kimbell Royalty

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in shares of Kimbell Royalty by 14.7% during the 2nd quarter. Osaic Holdings Inc. now owns 27,152 shares of the energy company's stock valued at $379,000 after buying an additional 3,476 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Kimbell Royalty during the 2nd quarter worth approximately $167,000. Westwood Holdings Group Inc. bought a new stake in shares of Kimbell Royalty during the 2nd quarter valued at $140,000. Corient Private Wealth LLC bought a new position in Kimbell Royalty in the second quarter valued at about $944,000. Finally, Ruggaard & Associates LLC grew its stake in Kimbell Royalty by 8.1% during the second quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company's stock worth $178,000 after purchasing an additional 950 shares during the period. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Stock Performance

KRP traded up $0.19 during trading on Monday, hitting $13.56. The company's stock had a trading volume of 494,629 shares, compared to its average volume of 457,095. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a one year low of $10.98 and a one year high of $16.99. The firm has a market cap of $1.46 billion, a PE ratio of -339.00 and a beta of 0.57. The business's 50 day simple moving average is $14.09 and its 200-day simple moving average is $13.61.

Kimbell Royalty (NYSE:KRP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). The firm had revenue of $86.55 million for the quarter, compared to the consensus estimate of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. As a group, sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend was Monday, August 18th. Kimbell Royalty's dividend payout ratio is presently -3,800.00%.

About Kimbell Royalty