Kimbell Royalty Partners, LP (NYSE:KRP) Receives Average Rating of "Buy" from Brokerages

Shares of Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) have earned an average recommendation of "Buy" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $20.86.

Several research firms recently issued reports on KRP. KeyCorp cut their price objective on Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, January 11th. TD Securities cut their price objective on Kimbell Royalty Partners from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, February 22nd. Raymond James cut their price objective on Kimbell Royalty Partners from $22.00 to $20.00 and set a "strong-buy" rating on the stock in a report on Wednesday, January 24th. Finally, Truist Financial cut their price objective on Kimbell Royalty Partners from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Friday, April 5th.

Insiders Place Their Bets

In other news, insider Blayne Rhynsburger sold 6,487 shares of the company's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $15.60, for a total transaction of $101,197.20. Following the completion of the transaction, the insider now directly owns 55,164 shares of the company's stock, valued at approximately $860,558.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Blayne Rhynsburger sold 6,487 shares of the company's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $15.60, for a total transaction of $101,197.20. Following the completion of the transaction, the insider now directly owns 55,164 shares of the company's stock, valued at approximately $860,558.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brett G. Taylor sold 22,326 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $15.59, for a total value of $348,062.34. Following the transaction, the director now directly owns 380,210 shares of the company's stock, valued at $5,927,473.90. The disclosure for this sale can be found here. Insiders have sold a total of 100,672 shares of company stock worth $1,571,185 in the last quarter. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Kimbell Royalty Partners in the 4th quarter valued at about $25,000. Godsey & Gibb Inc. boosted its position in shares of Kimbell Royalty Partners by 433.3% in the 3rd quarter. Godsey & Gibb Inc. now owns 1,600 shares of the energy company's stock valued at $26,000 after purchasing an additional 1,300 shares during the period. Harbour Investments Inc. acquired a new stake in shares of Kimbell Royalty Partners in the 3rd quarter valued at about $32,000. UBS Group AG acquired a new stake in shares of Kimbell Royalty Partners in the 2nd quarter valued at about $32,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Kimbell Royalty Partners in the 3rd quarter valued at about $34,000. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Partners Trading Down 1.5 %

Shares of Kimbell Royalty Partners stock traded down $0.25 during trading hours on Friday, hitting $16.04. The company's stock had a trading volume of 360,430 shares, compared to its average volume of 257,673. Kimbell Royalty Partners has a twelve month low of $14.02 and a twelve month high of $17.11. The firm has a fifty day moving average of $15.55 and a 200-day moving average of $15.49. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 17.43 and a beta of 1.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 7.95 and a current ratio of 7.95.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.13). Kimbell Royalty Partners had a net margin of 20.45% and a return on equity of 8.98%. The business had revenue of $99.20 million during the quarter, compared to analyst estimates of $83.89 million. During the same period last year, the company earned $0.48 EPS. The business's revenue for the quarter was up 44.4% on a year-over-year basis. Research analysts forecast that Kimbell Royalty Partners will post 0.79 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.43 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.72 annualized dividend and a yield of 10.72%. Kimbell Royalty Partners's dividend payout ratio (DPR) is 186.96%.

Kimbell Royalty Partners Company Profile