Kimbell Royalty (NYSE:KRP) Receives Consensus Recommendation of “Hold” from Analysts

Kimbell Royalty (NYSE:KRP) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.80.

A number of brokerages recently weighed in on KRP. Zacks Research downgraded Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Mizuho raised their price objective on Kimbell Royalty from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Citigroup decreased their target price on shares of Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, January 12th. KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a research note on Monday, November 24th. Finally, Weiss Ratings upgraded shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd.

Institutional Trading of Kimbell Royalty

Several large investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in shares of Kimbell Royalty in the 2nd quarter valued at approximately $56,000. State of Wyoming acquired a new stake in shares of Kimbell Royalty in the third quarter valued at about $62,000. EverSource Wealth Advisors LLC lifted its position in shares of Kimbell Royalty by 29.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock worth $64,000 after purchasing an additional 1,250 shares during the last quarter. Marex Group plc bought a new stake in Kimbell Royalty during the 4th quarter valued at approximately $118,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Kimbell Royalty during the fourth quarter worth approximately $120,000. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Stock Performance

Shares of NYSE KRP opened at $14.24 on Thursday. The stock’s fifty day simple moving average is $12.58 and its 200 day simple moving average is $13.15. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -203.36, a PEG ratio of 4.29 and a beta of 0.34. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.14.

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.