Kimbell Royalty (NYSE:KRP) Receives Consensus Rating of “Hold” from Brokerages

Kimbell Royalty (NYSE:KRP) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.40.

Several equities analysts have weighed in on KRP shares. KeyCorp restated a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Mizuho raised their price objective on shares of Kimbell Royalty from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Zacks Research raised Kimbell Royalty from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Kimbell Royalty in a report on Monday.

Institutional Investors Weigh In On Kimbell Royalty

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hilltop National Bank acquired a new position in shares of Kimbell Royalty in the second quarter valued at approximately $42,000. Legacy Investment Solutions LLC acquired a new position in Kimbell Royalty in the 2nd quarter valued at $56,000. MAI Capital Management boosted its holdings in shares of Kimbell Royalty by 4,300.0% during the first quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock worth $62,000 after purchasing an additional 4,300 shares during the last quarter. State of Wyoming purchased a new stake in shares of Kimbell Royalty in the third quarter valued at $62,000. Finally, Westwood Holdings Group Inc. acquired a new position in Kimbell Royalty in the second quarter valued at $140,000. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Kimbell Royalty Stock Up 1.2%

KRP opened at $11.83 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.39 and a current ratio of 5.39. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -168.93 and a beta of 0.33. Kimbell Royalty has a one year low of $10.98 and a one year high of $16.59. The business’s fifty day moving average is $12.66 and its two-hundred day moving average is $13.49.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $80.62 million during the quarter, compared to analysts’ expectations of $82.68 million. Kimbell Royalty had a return on equity of 12.51% and a net margin of 10.66%.The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. Analysts anticipate that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.40 annualized dividend and a yield of 11.8%. Kimbell Royalty’s payout ratio is presently -2,000.00%.

About Kimbell Royalty

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.