Zacks Research Downgrades Kimbell Royalty (NYSE:KRP) to Strong Sell

Kimbell Royalty (NYSE:KRP) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on KRP. Royal Bank Of Canada started coverage on shares of Kimbell Royalty in a report on Friday, May 29th. They set an “outperform” rating and a $20.00 target price on the stock. Weiss Ratings downgraded shares of Kimbell Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.00.

Kimbell Royalty Stock Down 1.2%

Shares of NYSE KRP opened at $14.60 on Monday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 31.73 and a beta of 0.30. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.80. The firm’s 50 day simple moving average is $14.89 and its two-hundred day simple moving average is $14.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.12 and a quick ratio of 5.12.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.19). Kimbell Royalty had a return on equity of 11.70% and a net margin of 22.76%.The business had revenue of $65.54 million during the quarter, compared to the consensus estimate of $90.25 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. As a group, analysts expect that Kimbell Royalty will post 0.81 EPS for the current fiscal year.

Institutional Trading of Kimbell Royalty

Institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its stake in shares of Kimbell Royalty by 9.4% in the fourth quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock worth $11,867,000 after buying an additional 86,957 shares during the period. Gabelli Funds LLC boosted its position in Kimbell Royalty by 47.7% during the 4th quarter. Gabelli Funds LLC now owns 240,000 shares of the energy company’s stock valued at $2,822,000 after buying an additional 77,500 shares during the period. GraniteShares Advisors LLC grew its holdings in Kimbell Royalty by 20.9% in the 4th quarter. GraniteShares Advisors LLC now owns 228,676 shares of the energy company’s stock worth $2,689,000 after acquiring an additional 39,510 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in Kimbell Royalty by 81.7% in the 4th quarter. Freestone Capital Holdings LLC now owns 181,693 shares of the energy company’s stock worth $2,137,000 after acquiring an additional 81,693 shares during the last quarter. Finally, Pingora Partners LLC increased its position in shares of Kimbell Royalty by 267.0% in the fourth quarter. Pingora Partners LLC now owns 98,076 shares of the energy company’s stock valued at $1,153,000 after acquiring an additional 71,350 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

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.