Kimbell Royalty Partners (NYSE:KRP - Get Free Report) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect Kimbell Royalty Partners to post earnings of $0.26 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.13). The business had revenue of $76.60 million for the quarter, compared to analyst estimates of $81.19 million. Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. The company's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. On average, analysts expect Kimbell Royalty Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Kimbell Royalty Partners Stock Up 0.1 %
Shares of NYSE KRP traded up $0.02 during mid-day trading on Thursday, reaching $16.06. 237,103 shares of the company's stock were exchanged, compared to its average volume of 364,342. The business has a fifty day simple moving average of $15.91 and a 200 day simple moving average of $16.19. Kimbell Royalty Partners has a twelve month low of $14.26 and a twelve month high of $17.11. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.86 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.
Analyst Ratings Changes
KRP has been the topic of a number of recent research reports. Truist Financial dropped their target price on 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. KeyCorp dropped their target price on Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $20.50.
Get Our Latest Stock Report on KRP
Insiders Place Their Bets
In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the business's stock in a transaction that occurred 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 owns 50,164 shares of the company's stock, valued at $788,076.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.60% of the company's stock.
Kimbell Royalty Partners Company Profile
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