Analysts Set Kimbell Royalty Partners, LP (NYSE:KRP) PT at $20.50

Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.50.

Several brokerages recently commented on KRP. KeyCorp decreased their target price on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Truist Financial decreased their price objective on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Monday, September 30th.

Kimbell Royalty Partners Trading Down 1.1 %

Shares of NYSE:KRP traded down $0.18 on Monday, reaching $15.86. 778,968 shares of the company traded hands, compared to its average volume of 379,009. The stock has a market capitalization of $1.51 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The business's 50-day simple moving average is $16.12 and its 200 day simple moving average is $16.21. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. Kimbell Royalty Partners has a 52 week low of $14.26 and a 52 week high of $17.07.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The business had revenue of $83.79 million for the quarter, compared to analyst estimates of $80.03 million. During the same period last year, the company earned $0.19 EPS. Kimbell Royalty Partners's revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, equities analysts anticipate that Kimbell Royalty Partners will post 0.69 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date of this dividend is Monday, November 18th. Kimbell Royalty Partners's payout ratio is currently 321.57%.

Insiders Place Their Bets

In related news, insider Blayne Rhynsburger sold 5,000 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total value of $82,050.00. Following the sale, the insider now directly owns 45,164 shares of the company's stock, valued at $741,141.24. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KRP. EverSource Wealth Advisors LLC bought a new stake in Kimbell Royalty Partners in the second quarter worth $25,000. Summit Securities Group LLC purchased a new stake in Kimbell Royalty Partners during the 2nd quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. grew its position in Kimbell Royalty Partners by 98.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company's stock valued at $49,000 after purchasing an additional 1,484 shares during the last quarter. Godsey & Gibb Inc. increased its stake in Kimbell Royalty Partners by 62.9% during the 3rd quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company's stock valued at $66,000 after purchasing an additional 1,580 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in Kimbell Royalty Partners in the third quarter worth about $79,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Partners Company Profile