Kimbell Royalty Partners, LP (NYSE:KRP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Kimbell Royalty Partners, LP (NYSE:KRP) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $20.50.

KRP has been the subject of a number of recent analyst reports. Truist Financial dropped their price target 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. KeyCorp dropped their price target on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th.

Kimbell Royalty Partners Stock Performance

Shares of NYSE:KRP opened at $16.04 on Monday. The stock’s fifty day moving average price is $16.12 and its 200-day moving average price is $16.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. The company has a market cap of $1.53 billion, a P/E ratio of 31.45, a PEG ratio of 1.97 and a beta of 1.13. Kimbell Royalty Partners has a 1 year low of $14.26 and a 1 year high of $17.07.

Kimbell Royalty Partners (NYSE:KRP) last issued its quarterly earnings data on Thursday, November 7th. The energy company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The company had revenue of $83.79 million during the quarter, compared to analyst estimates of $80.03 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. Kimbell Royalty Partners’s revenue was up 24.7% compared to the same quarter last year. Sell-side analysts expect that Kimbell Royalty Partners will post 0.69 earnings per share for the current year.

Kimbell Royalty Partners Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend is Monday, November 18th. Kimbell Royalty Partners’s payout ratio is presently 321.57%.

Insiders Place Their Bets

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of Kimbell Royalty Partners stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total value of $82,050.00. Following the completion of the transaction, the insider now directly owns 45,164 shares of the company’s stock, valued at $741,141.24. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC increased its stake in Kimbell Royalty Partners by 1,175.1% during the third quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock worth $219,000 after acquiring an additional 12,538 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Kimbell Royalty Partners during the 3rd quarter valued at approximately $79,000. National Bank of Canada FI raised its holdings in Kimbell Royalty Partners by 36.8% during the 3rd quarter. National Bank of Canada FI now owns 17,968 shares of the energy company’s stock valued at $289,000 after buying an additional 4,830 shares during the period. Stifel Financial Corp lifted its position in Kimbell Royalty Partners by 3.3% in the third quarter. Stifel Financial Corp now owns 235,945 shares of the energy company’s stock worth $3,796,000 after buying an additional 7,626 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Kimbell Royalty Partners by 42.6% during the third quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company’s stock worth $345,000 after buying an additional 6,401 shares during the period. Institutional investors own 25.78% of the company’s stock.

About Kimbell Royalty Partners