Wall Street analysts expect that Kimbell Royalty Partners LP (NYSE:KRP) will announce sales of $29.09 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Kimbell Royalty Partners’ earnings, with the lowest sales estimate coming in at $27.00 million and the highest estimate coming in at $30.94 million. Kimbell Royalty Partners reported sales of $30.25 million in the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The company is expected to announce its next quarterly earnings results on Thursday, March 5th.
According to Zacks, analysts expect that Kimbell Royalty Partners will report full-year sales of $112.29 million for the current financial year, with estimates ranging from $110.00 million to $113.80 million. For the next year, analysts anticipate that the business will report sales of $128.60 million, with estimates ranging from $117.00 million to $135.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.80). Kimbell Royalty Partners had a positive return on equity of 4.66% and a negative net margin of 26.36%. The firm had revenue of $32.98 million during the quarter, compared to analysts’ expectations of $29.53 million.
NYSE KRP opened at $15.67 on Wednesday. The company has a quick ratio of 5.89, a current ratio of 5.89 and a debt-to-equity ratio of 0.14. The company has a market cap of $338.69 million, a PE ratio of -78.35 and a beta of 1.45. Kimbell Royalty Partners has a 52 week low of $13.01 and a 52 week high of $18.80. The firm’s 50-day simple moving average is $14.08 and its two-hundred day simple moving average is $15.21.
The business also recently announced a quarterly dividend, which was paid on Monday, November 11th. Shareholders of record on Monday, November 4th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.68 annualized dividend and a yield of 10.72%. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.39. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently -840.00%.
In related news, Director Brett G. Taylor purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of $14.25 per share, for a total transaction of $42,750.00. Following the completion of the transaction, the director now directly owns 215,027 shares in the company, valued at approximately $3,064,134.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired a total of 5,100 shares of company stock valued at $73,700 in the last ninety days. Insiders own 14.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Soros Fund Management LLC increased its holdings in shares of Kimbell Royalty Partners by 5.0% in the third quarter. Soros Fund Management LLC now owns 320,080 shares of the energy company’s stock worth $4,708,000 after purchasing an additional 15,304 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in Kimbell Royalty Partners by 86.5% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 156,505 shares of the energy company’s stock worth $2,302,000 after buying an additional 72,570 shares in the last quarter. Arrow Investment Advisors LLC grew its stake in Kimbell Royalty Partners by 23.5% in the 3rd quarter. Arrow Investment Advisors LLC now owns 27,318 shares of the energy company’s stock worth $402,000 after buying an additional 5,201 shares in the last quarter. Abacus Planning Group Inc. purchased a new position in Kimbell Royalty Partners in the 3rd quarter worth approximately $235,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Kimbell Royalty Partners by 17.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 123,103 shares of the energy company’s stock worth $1,811,000 after buying an additional 18,600 shares during the last quarter. Hedge funds and other institutional investors own 58.80% of the company’s stock.
Kimbell Royalty Partners Company Profile
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.
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