Brokerages Set Kimbell Royalty Partners, LP (NYSE:KRP) Price Target at $20.50

Kimbell Royalty Partners, LP (NYSE:KRP) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.40.

KRP has been the topic of several research reports. KeyCorp decreased 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. Truist Financial decreased their price objective on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, September 30th.

Kimbell Royalty Partners Stock Up 1.1 %

KRP opened at $16.18 on Monday. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $16.21. Kimbell Royalty Partners has a 1-year low of $14.26 and a 1-year high of $17.07. The stock has a market cap of $1.55 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.13.

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

Kimbell Royalty Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a dividend of $0.41 per share. The ex-dividend date was Monday, November 18th. This represents a $1.64 dividend on an annualized basis and a yield of 10.14%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently 321.57%.

Insider Activity

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total value of $82,050.00. Following the transaction, the insider now directly owns 45,164 shares of the company’s stock, valued at $741,141.24. This trade represents a 9.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Kimbell Royalty Partners

Several large investors have recently made changes to their positions in KRP. California State Teachers Retirement System lifted its stake in Kimbell Royalty Partners by 1.2% during the first quarter. California State Teachers Retirement System now owns 59,742 shares of the energy company’s stock worth $927,000 after purchasing an additional 700 shares during the last quarter. Ridgemont Partners Management LLC bought a new stake in shares of Kimbell Royalty Partners during the 2nd quarter worth $96,372,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Kimbell Royalty Partners in the second quarter valued at about $1,032,000. Accel Wealth Management bought a new position in Kimbell Royalty Partners in the second quarter valued at about $196,000. Finally, SG Americas Securities LLC acquired a new position in Kimbell Royalty Partners during the second quarter worth about $1,227,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile