Kimbell Royalty Partners (NYSE:KRP - Get Free Report) released its quarterly earnings results on Thursday. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.29), Zacks reports. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The business had revenue of $66.72 million for the quarter, compared to the consensus estimate of $79.32 million.
Kimbell Royalty Partners Price Performance
Shares of KRP stock traded down $0.92 during trading on Monday, hitting $14.40. The company had a trading volume of 3,512,524 shares, compared to its average volume of 999,968. The stock's 50-day moving average is $15.75 and its two-hundred day moving average is $15.87. 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 stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 4.25 and a beta of 1.08. Kimbell Royalty Partners has a 52 week low of $14.30 and a 52 week high of $17.07.
Kimbell Royalty Partners Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend is Tuesday, March 18th. Kimbell Royalty Partners's payout ratio is 321.57%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on KRP shares. Truist Financial boosted their price target on 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 reissued a "market perform" rating on shares of Kimbell Royalty Partners in a research report on Monday.
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Kimbell Royalty Partners Company Profile
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