Kimbell Royalty Partners (KRP) Scheduled to Post Earnings on Thursday

Posted by Max Byerly on Oct 31st, 2024

Kimbell Royalty Partners (NYSE:KRP – Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Kimbell Royalty Partners (NYSE:KRP – Get Free Report) last issued its earnings results on Thursday, August 1st. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). Kimbell Royalty Partners had a net margin of 10.74% and a return on equity of 5.03%. The business had revenue of $76.60 million for the quarter, compared to the consensus estimate of $81.19 million. During the same period in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 26.0% compared to the same quarter last year. On average, analysts expect Kimbell Royalty Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kimbell Royalty Partners Price Performance

Kimbell Royalty Partners stock opened at $16.04 on Thursday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 26.66, a PEG ratio of 1.86 and a beta of 1.13. Kimbell Royalty Partners has a one year low of $14.26 and a one year high of $17.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.68 and a quick ratio of 5.68. The business has a fifty day moving average price of $15.91 and a 200-day moving average price of $16.19.

Analyst Upgrades and Downgrades

KRP has been the subject of a number of recent analyst reports. KeyCorp reduced their target price on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial cut their price objective on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kimbell Royalty Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Read Our Latest Report on KRP

Insider Buying and Selling at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $15.71, for a total value of $78,550.00. Following the transaction, the insider now directly owns 50,164 shares in the company, valued at approximately $788,076.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.