Kimbell Royalty Partners, LP (NYSE:KRP) Receives $17.40 Consensus PT from Brokerages

Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) has earned a consensus rating of "Hold" from the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $17.40.

KRP has been the topic of a number of research analyst reports. Truist Financial lowered Kimbell Royalty Partners from a "buy" rating to a "hold" rating and lowered their target price for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. Raymond James reaffirmed a "market perform" rating on shares of Kimbell Royalty Partners in a 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. Wall Street Zen raised Kimbell Royalty Partners from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Bank of America decreased their price objective on Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating on the stock in a report on Tuesday, March 4th.

Kimbell Royalty Partners Stock Performance

KRP traded up $0.02 during midday trading on Friday, reaching $14.13. The company's stock had a trading volume of 655,611 shares, compared to its average volume of 615,377. The stock has a market cap of $1.51 billion, a P/E ratio of 27.71, a PEG ratio of 4.25 and a beta of 0.51. The company has a fifty day simple moving average of $12.83 and a 200 day simple moving average of $14.37. 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 has a twelve month low of $10.98 and a twelve month high of $17.07.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The firm had revenue of $84.21 million for the quarter, compared to analyst estimates of $84.05 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. Research analysts expect that Kimbell Royalty Partners will post 0.65 earnings per share for the current year.

Kimbell Royalty Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 13.30%. The ex-dividend date was Tuesday, May 20th. This is a positive change from Kimbell Royalty Partners's previous quarterly dividend of $0.40. Kimbell Royalty Partners's dividend payout ratio (DPR) is presently 3,760.00%.

Insider Transactions at Kimbell Royalty Partners

In related 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 sale, the insider now owns 47,263 shares of the company's stock, valued at $627,180.01. The trade was a 4.06% decrease in their position. 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 insiders.

Institutional Trading of Kimbell Royalty Partners

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Kimbell Royalty Partners in the 1st quarter valued at $297,000. Yaupon Capital Management LP acquired a new position in Kimbell Royalty Partners in the first quarter worth $6,300,000. Zimmer Partners LP acquired a new position in Kimbell Royalty Partners in the first quarter worth $1,276,000. Ruggaard & Associates LLC boosted its stake in Kimbell Royalty Partners by 12.4% in the first quarter. Ruggaard & Associates LLC now owns 11,790 shares of the energy company's stock worth $165,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Kimbell Royalty Partners by 604.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company's stock worth $23,683,000 after purchasing an additional 1,451,666 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

About Kimbell Royalty Partners