Brokerages Set Kimbell Royalty (NYSE:KRP) PT at $15.80

Shares of Kimbell Royalty (NYSE:KRP) have earned an average recommendation of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.80.

A number of equities research analysts have recently issued reports on KRP shares. Citigroup dropped their target price on shares of Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Mizuho boosted their price target on Kimbell Royalty from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kimbell Royalty in a research report on Monday, December 29th. KeyCorp reiterated a “sector weight” rating on shares of Kimbell Royalty in a research note on Monday, November 24th. Finally, Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st.

Institutional Investors Weigh In On Kimbell Royalty

Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in shares of Kimbell Royalty by 9.2% in the third quarter. American Century Companies Inc. now owns 3,026,429 shares of the energy company’s stock valued at $40,827,000 after purchasing an additional 255,688 shares during the last quarter. UBS Group AG grew its holdings in Kimbell Royalty by 9.4% in the 4th quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock valued at $11,867,000 after buying an additional 86,957 shares in the last quarter. Energy Income Partners LLC grew its holdings in Kimbell Royalty by 12.3% in the 3rd quarter. Energy Income Partners LLC now owns 647,396 shares of the energy company’s stock valued at $8,733,000 after buying an additional 70,783 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in Kimbell Royalty by 0.9% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 618,128 shares of the energy company’s stock worth $8,339,000 after buying an additional 5,213 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Kimbell Royalty by 4.3% during the third quarter. Vanguard Group Inc. now owns 596,903 shares of the energy company’s stock worth $8,052,000 after buying an additional 24,419 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Stock Up 1.1%

KRP stock opened at $13.45 on Friday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -192.14, a P/E/G ratio of 4.65 and a beta of 0.32. Kimbell Royalty has a twelve month low of $10.98 and a twelve month high of $16.14. The business has a 50 day moving average price of $12.22 and a two-hundred day moving average price of $13.22. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.72.

Kimbell Royalty (NYSE:KRP) last released its earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $80.62 million during the quarter, compared to analysts’ expectations of $82.68 million. Kimbell Royalty had a net margin of 10.66% and a return on equity of 12.51%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $0.22 earnings per share. Analysts anticipate that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date was Monday, November 17th. Kimbell Royalty’s dividend payout ratio (DPR) is currently -2,000.00%.

Kimbell Royalty Company Profile

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.