Shares of Kimbell Royalty (NYSE:KRP) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.83.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 target price on shares of Kimbell Royalty in a research note on Monday, July 24th. Stephens restated an “overweight” rating and set a $22.00 price target (down from $24.00) on shares of Kimbell Royalty in a report on Wednesday, August 23rd. Imperial Capital initiated coverage on shares of Kimbell Royalty in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Stifel Nicolaus set a $19.00 price target on shares of Kimbell Royalty and gave the stock a “buy” rating in a research note on Friday, August 18th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lucas Capital Management increased its holdings in Kimbell Royalty by 8.3% in the second quarter. Lucas Capital Management now owns 54,131 shares of the energy company’s stock worth $911,000 after buying an additional 4,131 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Kimbell Royalty by 12.3% in the second quarter. King Luther Capital Management Corp now owns 52,550 shares of the energy company’s stock valued at $884,000 after acquiring an additional 5,765 shares during the last quarter. Royal Bank of Canada acquired a new stake in Kimbell Royalty in the second quarter valued at approximately $164,000. Stifel Financial Corp acquired a new stake in Kimbell Royalty in the first quarter valued at approximately $241,000. Finally, Hollow Brook Wealth Management LLC acquired a new stake in Kimbell Royalty in the second quarter valued at approximately $210,000. 18.40% of the stock is owned by institutional investors and hedge funds.

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Shares of Kimbell Royalty (NYSE:KRP) opened at 15.85 on Wednesday. The stock’s market cap is $261.46 million. The stock’s 50 day moving average price is $15.78 and its 200-day moving average price is $15.78. Kimbell Royalty has a one year low of $15.51 and a one year high of $20.89.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings data on Thursday, August 10th. The energy company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). The business had revenue of $7.75 million for the quarter, compared to analysts’ expectations of $7.87 million. On average, equities analysts predict that Kimbell Royalty will post $0.18 earnings per share for the current fiscal year.

Kimbell Royalty Company Profile

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin.

Analyst Recommendations for Kimbell Royalty (NYSE:KRP)

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