Kimbell Royalty (KRP) – What Are Brokerages Thinking About This Stock?

Kimbell Royalty (NYSE:KRP) has received a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.25.

A number of research firms have recently issued reports on KRP. Zacks Research upgraded shares of Kimbell Royalty from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. KeyCorp lifted their target price on Kimbell Royalty from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Finally, Weiss Ratings raised shares of Kimbell Royalty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th.

Kimbell Royalty Trading Down 3.0%

Shares of KRP opened at $16.37 on Tuesday. Kimbell Royalty has a twelve month low of $11.31 and a twelve month high of $17.12. The firm has a market capitalization of $1.88 billion, a P/E ratio of 19.49 and a beta of 0.44. The company has a current ratio of 7.30, a quick ratio of 7.30 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $15.33 and its 200 day simple moving average is $14.75.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%. The firm had revenue of $112.48 million during the quarter, compared to the consensus estimate of $93.45 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities research analysts forecast that Kimbell Royalty will post 1.10 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a dividend of $0.47 per share. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 annualized dividend and a dividend yield of 11.5%. The ex-dividend date was Monday, August 17th. Kimbell Royalty’s dividend payout ratio is 223.81%.

Insider Transactions at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 4,524 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total value of $68,221.92. Following the transaction, the insider owned 70,639 shares in the company, valued at $1,065,236.12. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Institutional Trading of Kimbell Royalty

Several large investors have recently added to or reduced their stakes in KRP. Van ECK Associates Corp lifted its position in Kimbell Royalty by 329.4% during the 2nd quarter. Van ECK Associates Corp now owns 3,627,850 shares of the energy company’s stock worth $52,713,000 after acquiring an additional 2,783,040 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Kimbell Royalty during the 2nd quarter worth approximately $8,432,000. Arrowstreet Capital Limited Partnership acquired a new stake in Kimbell Royalty during the first quarter worth $7,405,000. Oxbow Advisors LLC acquired a new stake in shares of Kimbell Royalty during the 2nd quarter valued at about $5,928,000. Finally, Royal Bank of Canada grew its stake in shares of Kimbell Royalty by 32.0% in the 1st quarter. Royal Bank of Canada now owns 596,687 shares of the energy company’s stock valued at $8,634,000 after purchasing an additional 144,644 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 publicly traded oil and natural gas mineral and royalty company. It owns mineral, royalty, overriding royalty, and non-operated working interests in producing and undeveloped properties across the onshore United States.

The partnership generates revenue primarily from its share of oil, natural gas, and natural gas liquids produced from properties operated by third-party exploration and production companies. Its asset base is concentrated in major U.S.