Kimbell Royalty (NYSE:KRP) Raised to "Buy" at Wall Street Zen

Key Points

• Kimbell Royalty has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive shift in analysts' outlook on the stock.
• KeyCorp has decreased its price target for Kimbell Royalty shares from $20.00 to $18.00, maintaining an "overweight" rating following earnings data that showed mixed results.
• In its latest earnings report, Kimbell Royalty reported a loss of $0.02 EPS, missing analysts' expectations but seeing a 12.9% increase in revenue year-over-year.

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

Separately, KeyCorp dropped their price objective on shares of Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Price Performance

Shares of KRP traded up $0.0660 during mid-day trading on Friday, reaching $13.6060. 262,057 shares of the company's stock were exchanged, compared to its average volume of 499,737. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $13.86. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.99. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -340.15 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 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 business had revenue of $86.55 million for the quarter, compared to analysts' expectations of $79.77 million. During the same period last year, the business earned $0.11 earnings per share. The company's revenue for the quarter was up 12.9% on a year-over-year basis. On average, sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of Kimbell Royalty 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 of the company's stock, valued at approximately $627,180.01. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company's stock.

Institutional Trading of Kimbell Royalty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in shares of Kimbell Royalty during the 1st quarter valued at $29,000. Barclays PLC grew its stake in shares of Kimbell Royalty by 1,279.4% during the 4th quarter. Barclays PLC now owns 187,671 shares of the energy company's stock valued at $3,046,000 after buying an additional 174,066 shares during the period. Wells Fargo & Company MN grew its stake in shares of Kimbell Royalty by 141.8% during the 4th quarter. Wells Fargo & Company MN now owns 255,721 shares of the energy company's stock valued at $4,150,000 after buying an additional 149,960 shares during the period. Cetera Investment Advisers grew its stake in shares of Kimbell Royalty by 37.8% during the 4th quarter. Cetera Investment Advisers now owns 16,418 shares of the energy company's stock valued at $266,000 after buying an additional 4,506 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in shares of Kimbell Royalty by 22.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 278,692 shares of the energy company's stock valued at $4,523,000 after buying an additional 51,110 shares during the period. 25.78% of the stock is owned by hedge funds and other institutional investors.

About Kimbell Royalty