Kimbell Royalty (NYSE:KRP) Receives Average Recommendation of “Reduce” from Analysts

Shares of Kimbell Royalty (NYSE:KRP) have earned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.20.

KRP has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Kimbell Royalty in a research note on Monday, November 24th. Zacks Research raised Kimbell Royalty from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimbell Royalty in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KRP. Hilltop National Bank purchased a new position in shares of Kimbell Royalty during the second quarter valued at about $42,000. Legacy Investment Solutions LLC purchased a new stake in shares of Kimbell Royalty in the second quarter worth about $56,000. MAI Capital Management boosted its stake in Kimbell Royalty by 4,300.0% during the first quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock valued at $62,000 after buying an additional 4,300 shares during the last quarter. State of Wyoming purchased a new position in Kimbell Royalty during the 3rd quarter valued at approximately $62,000. Finally, Westwood Holdings Group Inc. purchased a new position in Kimbell Royalty during the 2nd quarter valued at approximately $140,000. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Stock Performance

Shares of NYSE KRP opened at $12.82 on Friday. The stock has a market cap of $1.38 billion, a PE ratio of -183.20 and a beta of 0.33. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.59. The firm has a fifty day moving average price of $13.15 and a 200-day moving average price of $13.67. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.39 and a quick ratio of 5.39.

Kimbell Royalty (NYSE:KRP) last issued its earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Kimbell Royalty had a net margin of 10.66% and a return on equity of 12.51%. The company had revenue of $80.62 million during the quarter, compared to the consensus estimate of $82.68 million. During the same quarter in the prior year, the firm posted $0.22 EPS. Kimbell Royalty’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Monday, November 17th. Kimbell Royalty’s dividend payout ratio (DPR) is presently -2,000.00%.

Kimbell Royalty Company Profile