Kimbell Royalty (NYSE:KRP) Upgraded 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 to investors on Sunday.

Separately, KeyCorp decreased their price objective on shares of Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Price Performance

KRP stock opened at $14.37 on Friday. The firm's 50-day moving average price is $14.32 and its two-hundred day moving average price is $13.90. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $16.99. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -359.25 and a beta of 0.52. The company has a current ratio of 5.45, a quick ratio of 6.02 and a debt-to-equity ratio of 0.72.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The firm had revenue of $86.55 million during the quarter, compared to analysts' expectations of $79.77 million. During the same quarter in the previous year, the firm posted $0.11 EPS. Kimbell Royalty's revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts predict 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 the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total transaction of $26,540.00. Following the transaction, the insider owned 47,263 shares in the company, valued at $627,180.01. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kimbell Royalty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. purchased a new position in shares of Kimbell Royalty during the first quarter valued at about $29,000. Lowe Wealth Advisors LLC bought a new stake in Kimbell Royalty during the first quarter worth about $34,000. GAMMA Investing LLC purchased a new stake in Kimbell Royalty in the first quarter worth about $34,000. Hilltop National Bank purchased a new stake in Kimbell Royalty in the second quarter worth about $42,000. Finally, Chilton Capital Management LLC purchased a new stake in Kimbell Royalty in the first quarter worth about $44,000. Hedge funds and other institutional investors own 25.78% of the company's stock.

Kimbell Royalty Company Profile

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