Kimbell Royalty Partners (NYSE:KRP - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $79.32 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Kimbell Royalty Partners Price Performance
KRP traded down $0.15 during trading on Friday, reaching $15.79. 747,007 shares of the company were exchanged, compared to its average volume of 682,881. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 4.25 and a beta of 1.08. Kimbell Royalty Partners has a 12-month low of $14.95 and a 12-month high of $17.07. The company's 50-day moving average is $15.74 and its two-hundred day moving average is $15.88.
Analyst Upgrades and Downgrades
Several brokerages recently commented on KRP. Truist Financial boosted their price objective on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Raymond James increased their price objective on Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.20.
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