Media stories about Kimbell Royalty (NYSE:KRP) have been trending positive on Tuesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kimbell Royalty earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 45.5406302445366 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Kimbell Royalty (NYSE:KRP) opened at 15.675 on Tuesday. The stock’s market capitalization is $258.57 million. The firm has a 50-day moving average of $15.77 and a 200-day moving average of $16.28. Kimbell Royalty has a 52-week low of $15.51 and a 52-week high of $20.89.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings results on Thursday, August 10th. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The firm had revenue of $7.75 million for the quarter, compared to analyst estimates of $7.87 million. On average, equities analysts expect that Kimbell Royalty will post $0.17 EPS for the current year.

KRP has been the subject of a number of research reports. Zacks Investment Research raised shares of Kimbell Royalty from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price target on shares of Kimbell Royalty in a research report on Monday, July 24th. Imperial Capital initiated coverage on shares of Kimbell Royalty in a research report on Tuesday, August 15th. They set an “outperform” rating and a $20.00 price target for the company. Stifel Nicolaus set a $19.00 price target on shares of Kimbell Royalty and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, Stephens reaffirmed an “overweight” rating and set a $22.00 price target (down from $24.00) on shares of Kimbell Royalty in a research report on Wednesday, August 23rd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Kimbell Royalty presently has a consensus rating of “Buy” and an average price target of $21.83.

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In other news, Director Brett G. Taylor bought 4,687 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average price of $16.10 per share, for a total transaction of $75,460.70. Following the acquisition, the director now directly owns 23,646 shares of the company’s stock, valued at approximately $380,700.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William H. Adams III bought 4,772 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average price of $15.87 per share, for a total transaction of $75,731.64. Following the acquisition, the director now directly owns 5,072 shares in the company, valued at $80,492.64. The disclosure for this purchase can be found here. Insiders have bought a total of 11,459 shares of company stock worth $183,572 in the last 90 days.

Kimbell Royalty Company Profile

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin.

Insider Buying and Selling by Quarter for Kimbell Royalty (NYSE:KRP)

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