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

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

Other equities research analysts have also recently issued reports about the company. KeyCorp lowered their target price on Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Royal Bank of Canada raised shares of Kimbell Royalty Partners to a "moderate buy" rating in a report on Friday, March 14th. Bank of America reduced their price target on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating on the stock in a research report on Tuesday, March 4th. Finally, Mizuho assumed coverage on shares of Kimbell Royalty Partners in a research report on Monday, March 31st. They set a "neutral" rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kimbell Royalty Partners currently has an average rating of "Hold" and an average target price of $17.40.

Kimbell Royalty Partners Price Performance

NYSE:KRP traded up $0.09 during trading hours on Friday, reaching $13.29. The stock had a trading volume of 411,718 shares, compared to its average volume of 605,162. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. Kimbell Royalty Partners has a 52 week low of $10.98 and a 52 week high of $17.07. The stock has a market capitalization of $1.42 billion, a PE ratio of 26.08, a PEG ratio of 4.25 and a beta of 0.44. The company has a 50 day moving average price of $12.87 and a two-hundred day moving average price of $14.60.

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

Insider Activity

In other news, insider Blayne Rhynsburger sold 7,851 shares of Kimbell Royalty Partners stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total transaction of $108,814.86. Following the sale, the insider now owns 49,263 shares in the company, valued at $682,785.18. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.60% of the company's stock.

Institutional Trading of Kimbell Royalty Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. grew its stake in Kimbell Royalty Partners by 30.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,287 shares of the energy company's stock worth $70,000 after purchasing an additional 1,000 shares in the last quarter. Virtus ETF Advisers LLC boosted its stake in Kimbell Royalty Partners by 10.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company's stock valued at $179,000 after purchasing an additional 1,035 shares during the period. Wedbush Securities Inc. grew its position in Kimbell Royalty Partners by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 38,930 shares of the energy company's stock worth $632,000 after purchasing an additional 1,298 shares during the last quarter. Ruggaard & Associates LLC grew its position in Kimbell Royalty Partners by 12.4% in the 1st 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 during the last quarter. Finally, AlphaCore Capital LLC increased its position in Kimbell Royalty Partners by 0.9% in the 4th quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company's stock valued at $2,421,000 after acquiring an additional 1,350 shares during the period. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Partners Company Profile