Kimbell Royalty Partners (KRP) Expected to Release Earnings on Thursday

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $84.05 million for the quarter.

Kimbell Royalty Partners Trading Up 0.1 %

Shares of KRP traded up $0.02 during trading hours on Tuesday, reaching $12.04. 40,114 shares of the company traded hands, compared to its average volume of 927,609. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 4.25 and a beta of 0.44. Kimbell Royalty Partners has a 12-month low of $10.98 and a 12-month high of $17.07. The stock's fifty day moving average price is $13.16 and its 200 day moving average price is $14.93. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

Kimbell Royalty Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.29%. The ex-dividend date was Tuesday, March 18th. Kimbell Royalty Partners's dividend payout ratio (DPR) is presently -1,454.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Mizuho initiated coverage on Kimbell Royalty Partners in a report on Monday, March 31st. They issued a "neutral" rating and a $16.00 price target on the stock. KeyCorp cut their target price on Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Raymond James reaffirmed a "market perform" rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Royal Bank of Canada raised Kimbell Royalty Partners to a "moderate buy" rating in a report on Friday, March 14th. Finally, Bank of America decreased their target price on Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating for the company in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $17.40.

Insider Buying and Selling at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 7,851 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $13.86, for a total transaction of $108,814.86. Following the sale, the insider now directly owns 49,263 shares of the company's stock, valued at $682,785.18. This trade represents a 13.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.60% of the company's stock.

Kimbell Royalty Partners Company Profile