Kimbell Royalty Partners, LP (NYSE:KRP) Receives Consensus Rating of “Moderate Buy” from Analysts

Kimbell Royalty Partners, LP (NYSE:KRP) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.50.

KRP has been the topic of a number of analyst reports. KeyCorp decreased their price objective on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Truist Financial dropped their target price on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, September 30th.

Kimbell Royalty Partners Stock Up 0.3 %

Shares of NYSE:KRP opened at $16.04 on Thursday. The firm has a fifty day moving average price of $15.91 and a two-hundred day moving average price of $16.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.68 and a quick ratio of 5.68. Kimbell Royalty Partners has a one year low of $14.26 and a one year high of $17.11. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.86 and a beta of 1.13.

Kimbell Royalty Partners (NYSE:KRP) last posted its quarterly earnings data 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). The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $81.19 million. Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. The business’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. Analysts anticipate that Kimbell Royalty Partners will post 0.74 EPS for the current fiscal year.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $15.71, for a total transaction of $78,550.00. Following the transaction, the insider now owns 50,164 shares of the company’s stock, valued at approximately $788,076.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of Kimbell Royalty Partners

A number of institutional investors have recently bought and sold shares of KRP. EverSource Wealth Advisors LLC acquired a new position in shares of Kimbell Royalty Partners in the 2nd quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Kimbell Royalty Partners in the second quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Kimbell Royalty Partners by 98.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock valued at $49,000 after purchasing an additional 1,484 shares during the period. Godsey & Gibb Inc. lifted its position in Kimbell Royalty Partners by 62.9% in the third quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock valued at $66,000 after buying an additional 1,580 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Kimbell Royalty Partners in the second quarter valued at about $99,000. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Company Profile