Kimbell Royalty Partners (NYSE:KRP) Shares Gap Up - Should You Buy?

Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $15.86, but opened at $16.21. Kimbell Royalty Partners shares last traded at $15.94, with a volume of 1,613,045 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on KRP. Truist Financial increased their price objective on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. KeyCorp decreased their price target on Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Finally, Raymond James boosted their price objective on Kimbell Royalty Partners from $19.00 to $23.00 and gave the company a "strong-buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kimbell Royalty Partners has an average rating of "Moderate Buy" and a consensus price target of $21.20.

Kimbell Royalty Partners Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 8.13 and a beta of 1.10. The business's fifty day simple moving average is $15.89 and its 200 day simple moving average is $16.03.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last issued its earnings results on Thursday, November 7th. The energy company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $83.79 million during the quarter, compared to the consensus estimate of $80.03 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The firm's revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. On average, research analysts forecast that Kimbell Royalty Partners, LP will post 0.65 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.64 annualized dividend and a dividend yield of 10.33%. Kimbell Royalty Partners's dividend payout ratio is 321.57%.

Insider Transactions at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 5,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total transaction of $82,050.00. Following the completion of the sale, the insider now directly owns 45,164 shares of the company's stock, valued at $741,141.24. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Kimbell Royalty Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in shares of Kimbell Royalty Partners by 1,509.0% in the third quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company's stock worth $1,573,000 after purchasing an additional 91,672 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Kimbell Royalty Partners by 38.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company's stock worth $4,334,000 after buying an additional 74,098 shares in the last quarter. Raymond James & Associates raised its position in Kimbell Royalty Partners by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company's stock valued at $17,998,000 after buying an additional 64,678 shares during the last quarter. GSA Capital Partners LLP raised its position in Kimbell Royalty Partners by 80.8% in the 3rd quarter. GSA Capital Partners LLP now owns 94,613 shares of the energy company's stock valued at $1,522,000 after buying an additional 42,275 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in Kimbell Royalty Partners by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company's stock valued at $3,662,000 after acquiring an additional 30,788 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

Kimbell Royalty Partners Company Profile