Kimbell Royalty (NYSE:KRP) Receives $17.40 Consensus Target Price from Analysts

Kimbell Royalty (NYSE:KRP - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.40.

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Kimbell Royalty from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. KeyCorp cut their price target on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Royal Bank Of Canada upgraded shares of Kimbell Royalty to a "moderate buy" rating in a research note on Friday, March 14th. Bank of America decreased their target price on shares of Kimbell Royalty from $16.00 to $14.00 and set an "underperform" rating on the stock in a research report on Tuesday, March 4th. Finally, Truist Financial lowered shares of Kimbell Royalty from a "buy" rating to a "hold" rating and dropped their price target for the stock from $22.00 to $16.00 in a research report on Tuesday, March 4th.

Kimbell Royalty Stock Performance

KRP traded up $0.21 during midday trading on Friday, reaching $14.40. The company's stock had a trading volume of 637,645 shares, compared to its average volume of 616,545. The company has a current ratio of 6.02, a quick ratio of 6.02 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $12.93 and a 200 day simple moving average of $14.34. The stock has a market cap of $1.54 billion, a P/E ratio of 287.90, a PEG ratio of 9.38 and a beta of 0.51. Kimbell Royalty has a twelve month low of $10.98 and a twelve month high of $17.07.

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

Kimbell Royalty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 20th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.06%. This is a boost from Kimbell Royalty's previous quarterly dividend of $0.40. Kimbell Royalty's dividend payout ratio (DPR) is 3,760.00%.

Insiders Place Their Bets

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total value of $26,540.00. Following the transaction, the insider now owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 made changes to their positions in the business. Bessemer Group Inc. bought a new stake in Kimbell Royalty during the 1st quarter worth about $29,000. PNC Financial Services Group Inc. bought a new position in shares of Kimbell Royalty in the fourth quarter worth about $32,000. Parkside Financial Bank & Trust acquired a new position in shares of Kimbell Royalty during the fourth quarter worth approximately $32,000. Lowe Wealth Advisors LLC bought a new stake in shares of Kimbell Royalty during the first quarter valued at approximately $34,000. Finally, GAMMA Investing LLC bought a new stake in shares of Kimbell Royalty during the first quarter valued at approximately $34,000. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Company Profile