Kimbell Royalty Partners (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 note issued to investors on Saturday.
A number of other research firms also recently commented on KRP. Royal Bank of Canada upgraded Kimbell Royalty Partners to a "moderate buy" rating in a report on Friday, March 14th. KeyCorp cut their price objective on shares of Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Bank of America decreased their price target on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating for the company in a research report on Tuesday, March 4th. Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. Finally, Truist Financial lowered shares of Kimbell Royalty Partners from a "buy" rating to a "hold" rating and decreased their price target for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kimbell Royalty Partners has a consensus rating of "Hold" and an average target price of $17.40.
Read Our Latest Stock Report on Kimbell Royalty Partners
Kimbell Royalty Partners Stock Performance
KRP traded up $0.05 during trading on Friday, hitting $13.25. The stock had a trading volume of 718,999 shares, compared to its average volume of 607,334. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. The firm has a market capitalization of $1.42 billion, a P/E ratio of 25.98, a PEG ratio of 4.25 and a beta of 0.44. The company's 50-day moving average price is $12.83 and its 200 day moving average price is $14.57. 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 issued its earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The company had revenue of $84.21 million for the quarter, compared to analyst estimates of $84.05 million. During the same period in the prior year, the business posted $0.04 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Kimbell Royalty Partners will post 0.65 EPS for the current fiscal year.
Insider Activity
In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of Kimbell Royalty Partners stock in a transaction 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. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.60% of the company's stock.
Institutional Investors Weigh In On Kimbell Royalty Partners
Several institutional investors and hedge funds have recently made changes to their positions in KRP. Bessemer Group Inc. bought a new stake in Kimbell Royalty Partners during the 1st quarter worth about $29,000. Parkside Financial Bank & Trust bought a new stake in shares of Kimbell Royalty Partners in the 4th quarter valued at about $32,000. PNC Financial Services Group Inc. acquired a new position in shares of Kimbell Royalty Partners in the 4th quarter valued at approximately $32,000. Lowe Wealth Advisors LLC bought a new stake in Kimbell Royalty Partners during the 1st quarter worth approximately $34,000. Finally, GAMMA Investing LLC bought a new stake in Kimbell Royalty Partners during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 25.78% of the company's stock.
Kimbell Royalty Partners Company Profile
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