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

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

A number of other equities research analysts have also recently commented on KRP. KeyCorp reduced their target price on shares of Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Bank of America decreased their price target on Kimbell Royalty from $16.00 to $14.00 and set an "underperform" rating for the company in a report on Tuesday, March 4th. Truist Financial cut shares of Kimbell Royalty from a "buy" rating to a "hold" rating and dropped their price objective for the company from $22.00 to $16.00 in a research note on Tuesday, March 4th. Mizuho began coverage on shares of Kimbell Royalty in a research report on Monday, March 31st. They set a "neutral" rating and a $16.00 price objective for the company. Finally, Raymond James Financial restated a "market perform" rating on shares of Kimbell Royalty in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $17.40.

Kimbell Royalty Stock Performance

NYSE KRP traded up $0.22 on Friday, reaching $14.17. The stock had a trading volume of 353,200 shares, compared to its average volume of 631,089. The stock has a market cap of $1.52 billion, a P/E ratio of 283.50, a price-to-earnings-growth ratio of 6.86 and a beta of 0.51. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $17.07. The business's 50-day moving average price is $13.32 and its 200 day moving average price is $14.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.02 and a current ratio of 6.02.

Kimbell Royalty (NYSE:KRP - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The business had revenue of $84.21 million for the quarter, compared to analysts' expectations of $84.05 million. Kimbell Royalty had a net margin of 5.25% and a return on equity of 9.69%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. As a group, equities analysts expect that Kimbell Royalty will post 0.65 earnings per share for the current year.

Insider Activity

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 transaction of $26,540.00. Following the completion of the transaction, the insider directly owned 47,263 shares of the company's stock, valued at approximately $627,180.01. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in Kimbell Royalty in the 1st quarter valued at about $29,000. Parkside Financial Bank & Trust purchased a new stake in shares of Kimbell Royalty in the fourth quarter valued at about $32,000. PNC Financial Services Group Inc. purchased a new position in shares of Kimbell Royalty during the 4th quarter worth approximately $32,000. Lowe Wealth Advisors LLC purchased a new position in shares of Kimbell Royalty during the 1st quarter worth approximately $34,000. Finally, GAMMA Investing LLC acquired a new position in shares of Kimbell Royalty during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 25.78% of the company's stock.

Kimbell Royalty Company Profile