Kimbell Royalty's (KRP) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Kimbell Royalty's stock has a reaffirmed rating of "hold (C-)" by Weiss Ratings, indicating a lack of momentum in investment recommendations.
• Institutional investors own 25.78% of Kimbell Royalty's stock, with notable increases from firms such as American Century Companies Inc. and Adage Capital Partners GP L.L.C.
• Kimbell Royalty reported earnings of $0.02 per share, missing estimates, despite an increase in revenue by 12.9% year-over-year.

Kimbell Royalty (NYSE:KRP - Get Free Report)'s stock had its "hold (c-)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently commented on KRP. KeyCorp decreased their price objective on shares of Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, September 3rd. Zacks Research downgraded shares of Kimbell Royalty from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Finally, Wall Street Zen downgraded shares of Kimbell Royalty from a "buy" rating to a "hold" rating in a research note on Sunday, September 28th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $17.20.

Kimbell Royalty Stock Down 1.0%

Shares of NYSE:KRP opened at $13.45 on Wednesday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -336.25 and a beta of 0.45. The firm's 50-day simple moving average is $13.89 and its 200-day simple moving average is $13.59. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.99.

Kimbell Royalty (NYSE:KRP - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.12). The firm had revenue of $86.55 million during the quarter, compared to analysts' expectations of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The firm's revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, equities research analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.

Insider Activity

In other news, insider Blayne Rhynsburger sold 3,600 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $13.74, for a total value of $49,464.00. Following the completion of the sale, the insider owned 43,663 shares of the company's stock, valued at $599,929.62. This represents a 7.62% 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. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Kimbell Royalty

Several large investors have recently made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Kimbell Royalty by 9.0% in the second quarter. American Century Companies Inc. now owns 2,770,741 shares of the energy company's stock worth $38,680,000 after acquiring an additional 228,379 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Kimbell Royalty 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 valued at $23,683,000 after purchasing an additional 1,451,666 shares during the period. Ghisallo Capital Management LLC purchased a new position in shares of Kimbell Royalty in the first quarter valued at $10,150,000. Epoch Investment Partners Inc. boosted its stake in shares of Kimbell Royalty by 222.8% in the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company's stock valued at $9,414,000 after purchasing an additional 464,142 shares during the period. Finally, Pin Oak Investment Advisors Inc. boosted its stake in shares of Kimbell Royalty by 0.8% in the second quarter. Pin Oak Investment Advisors Inc. now owns 612,915 shares of the energy company's stock valued at $8,580,000 after purchasing an additional 4,701 shares during the period. Institutional investors and hedge funds own 25.78% of the company's stock.

Kimbell Royalty Company Profile

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