Kimbell Royalty (NYSE:KRP) Rating Lowered to “Hold” at Wall Street Zen

Kimbell Royalty (NYSE:KRP) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

KRP has been the subject of several other research reports. Weiss Ratings raised shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. Mizuho lowered their price objective on Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Zacks Research downgraded Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Citigroup lowered their price target on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.00.

Kimbell Royalty Price Performance

Shares of NYSE:KRP opened at $14.41 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 23.24, a PEG ratio of 3.68 and a beta of 0.30. The company has a current ratio of 8.64, a quick ratio of 5.39 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a 1-year low of $10.98 and a 1-year high of $15.12. The business’s 50 day moving average is $13.23 and its 200-day moving average is $13.15.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $82.45 million during the quarter, compared to analysts’ expectations of $76.78 million. Kimbell Royalty had a net margin of 26.43% and a return on equity of 13.73%. The business’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.48) EPS. Sell-side analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.

Institutional Trading of Kimbell Royalty

Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. increased its holdings in shares of Kimbell Royalty by 9.2% in the third quarter. American Century Companies Inc. now owns 3,026,429 shares of the energy company’s stock valued at $40,827,000 after purchasing an additional 255,688 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Kimbell Royalty by 32.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,210,948 shares of the energy company’s stock valued at $14,241,000 after buying an additional 294,482 shares during the last quarter. UBS Group AG boosted its position in Kimbell Royalty by 9.4% in the 4th quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock valued at $11,867,000 after buying an additional 86,957 shares during the last quarter. Energy Income Partners LLC increased its stake in shares of Kimbell Royalty by 12.3% in the 3rd quarter. Energy Income Partners LLC now owns 647,396 shares of the energy company’s stock valued at $8,733,000 after buying an additional 70,783 shares during the period. Finally, Pin Oak Investment Advisors Inc. increased its stake in shares of Kimbell Royalty by 0.9% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 618,128 shares of the energy company’s stock valued at $8,339,000 after buying an additional 5,213 shares during the period. 25.78% of the stock is owned by institutional investors.

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.