Kimbell Royalty Partners (KRP) Scheduled to Post Quarterly Earnings on Thursday


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Kimbell Royalty Partners (NYSE:KRP) is set to release its earnings data before the market opens on Thursday, May 6th. Analysts expect Kimbell Royalty Partners to post earnings of $0.02 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Kimbell Royalty Partners (NYSE:KRP) last released its earnings results on Thursday, February 25th. The energy company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.31. Kimbell Royalty Partners had a negative net margin of 165.60% and a positive return on equity of 3.85%. The company had revenue of $23.29 million during the quarter, compared to analyst estimates of $26.66 million. On average, analysts expect Kimbell Royalty Partners to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE:KRP opened at $10.95 on Wednesday. The company has a market capitalization of $653.69 million, a P/E ratio of -2.01 and a beta of 2.14. Kimbell Royalty Partners has a 1-year low of $5.57 and a 1-year high of $11.35. The firm’s 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $8.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.75 and a quick ratio of 3.75.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 10th. Stockholders of record on Monday, May 3rd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, April 30th. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.19. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.86%. Kimbell Royalty Partners’s dividend payout ratio is 32.05%.

Several research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $15.00 target price on shares of Kimbell Royalty Partners in a report on Wednesday, March 24th. TheStreet raised Kimbell Royalty Partners from a “d+” rating to a “c-” rating in a report on Friday, February 5th. Raymond James upped their price target on Kimbell Royalty Partners from $13.00 to $14.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 10th. Finally, Zacks Investment Research upgraded shares of Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, April 28th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Kimbell Royalty Partners has a consensus rating of “Buy” and a consensus price target of $12.25.

About Kimbell Royalty Partners

Kimbell Royalty Partners LP engages in owning and acquiring mineral and royalty interests in oil and natural gas properties. The company was founded on October 30, 2015 and is headquartered in Fort Worth, TX.

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Earnings History for Kimbell Royalty Partners (NYSE:KRP)

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