Kimbell Royalty Partners (NYSE:KRP - Get Free Report) posted its quarterly earnings data on Thursday. The energy company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01, Briefing.com reports. Kimbell Royalty Partners had a net margin of 10.74% and a return on equity of 5.03%. The firm had revenue of $83.79 million during the quarter, compared to analysts' expectations of $80.03 million. During the same quarter in the previous year, the company posted $0.19 EPS. Kimbell Royalty Partners's revenue was up 24.7% on a year-over-year basis.
Kimbell Royalty Partners Price Performance
KRP stock traded down $0.07 during mid-day trading on Friday, hitting $16.76. The stock had a trading volume of 571,689 shares, compared to its average volume of 372,793. The firm has a fifty day simple moving average of $15.97 and a 200 day simple moving average of $16.21. The firm has a market capitalization of $1.60 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.04 and a beta of 1.13. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.41. Kimbell Royalty Partners has a 52 week low of $14.26 and a 52 week high of $17.07.
Kimbell Royalty Partners Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 9.79%. The ex-dividend date of this dividend is Monday, November 18th. Kimbell Royalty Partners's payout ratio is presently 321.57%.
Insider Buying and Selling at Kimbell Royalty Partners
In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $15.71, for a total transaction of $78,550.00. Following the transaction, the insider now directly owns 50,164 shares in the company, valued at approximately $788,076.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on KRP. KeyCorp decreased their price objective on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Truist Financial lowered their price objective on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, September 30th. One investment 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.50.
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