Kimbell Royalty (NYSE:KRP) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Kimbell Royalty (NYSE:KRP) from a hold rating to a buy rating in a report released on Saturday.

Several other research analysts have also recently issued reports on the company. KeyCorp dropped their target price on Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Zacks Research cut Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.20.

Kimbell Royalty Trading Down 2.3%

Kimbell Royalty stock opened at $13.35 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.45 and a quick ratio of 5.45. Kimbell Royalty has a one year low of $10.98 and a one year high of $16.99. The stock has a market capitalization of $1.44 billion, a PE ratio of -333.75 and a beta of 0.57. The business’s fifty day moving average is $14.10 and its 200 day moving average is $13.61.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). The business had revenue of $86.55 million for the quarter, compared to analysts’ expectations of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. On average, sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend was Monday, August 18th. Kimbell Royalty’s dividend payout ratio is -3,800.00%.

Insider Buying and Selling

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 3,600 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the transaction, the insider owned 43,663 shares of the company’s stock, valued at $599,929.62. This represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kimbell Royalty

Several hedge funds have recently bought and sold shares of KRP. Adage Capital Partners GP L.L.C. grew its position in Kimbell Royalty by 604.9% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company’s stock valued at $23,683,000 after acquiring an additional 1,451,666 shares during the last quarter. Ghisallo Capital Management LLC bought a new position in Kimbell Royalty in the 1st quarter valued at $10,150,000. Epoch Investment Partners Inc. grew its position in Kimbell Royalty by 222.8% in the 1st quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company’s stock valued at $9,414,000 after acquiring an additional 464,142 shares during the last quarter. Yaupon Capital Management LP bought a new position in Kimbell Royalty in the 1st quarter valued at $6,300,000. Finally, Energy Income Partners LLC grew its position in Kimbell Royalty by 231.4% in the 1st quarter. Energy Income Partners LLC now owns 585,969 shares of the energy company’s stock valued at $8,204,000 after acquiring an additional 409,175 shares during the last quarter. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Company Profile