Kimbell Royalty Partners LP (NYSE:KRP) – Imperial Capital cut their FY2020 earnings estimates for shares of Kimbell Royalty Partners in a research report issued on Friday, August 9th. Imperial Capital analyst J. Wangler now expects that the energy company will earn $0.35 per share for the year, down from their prior forecast of $0.39.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.45. The company had revenue of $31.94 million for the quarter, compared to analysts’ expectations of $27.75 million. Kimbell Royalty Partners had a negative net margin of 17.53% and a positive return on equity of 2.96%.

KRP has been the topic of a number of other research reports. Credit Suisse Group upgraded shares of Kimbell Royalty Partners from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Monday, May 13th. Stephens set a $23.00 price target on shares of Kimbell Royalty Partners and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Zacks Investment Research upgraded shares of Kimbell Royalty Partners from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet cut shares of Kimbell Royalty Partners from a “c” rating to a “d+” rating in a research note on Friday, August 9th. Finally, UBS Group initiated coverage on shares of Kimbell Royalty Partners in a research note on Friday, May 17th. They set a “buy” rating and a $22.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Kimbell Royalty Partners has an average rating of “Buy” and an average price target of $20.63.

Shares of Kimbell Royalty Partners stock opened at $14.58 on Monday. The company has a market cap of $336.50 million, a PE ratio of -72.90 and a beta of 1.48. The stock has a 50-day moving average price of $15.68. Kimbell Royalty Partners has a 1 year low of $13.01 and a 1 year high of $24.40. The company has a current ratio of 8.07, a quick ratio of 8.07 and a debt-to-equity ratio of 0.12.

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.70%. The ex-dividend date was Friday, August 2nd. Kimbell Royalty Partners’s dividend payout ratio is currently -780.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of KRP. Advisor Group Inc. lifted its stake in Kimbell Royalty Partners by 1,025.2% during the 4th quarter. Advisor Group Inc. now owns 2,813 shares of the energy company’s stock valued at $38,000 after acquiring an additional 2,563 shares during the period. Raymond James Trust N.A. bought a new position in Kimbell Royalty Partners during the 2nd quarter valued at about $167,000. Steward Partners Investment Advisory LLC bought a new position in Kimbell Royalty Partners during the 2nd quarter valued at about $226,000. Trustcore Financial Services LLC lifted its stake in Kimbell Royalty Partners by 42.8% during the 1st quarter. Trustcore Financial Services LLC now owns 16,060 shares of the energy company’s stock valued at $293,000 after acquiring an additional 4,810 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Kimbell Royalty Partners by 46.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,000 shares of the energy company’s stock valued at $309,000 after acquiring an additional 6,050 shares during the period. Institutional investors and hedge funds own 48.69% of the company’s stock.

Kimbell Royalty Partners Company Profile

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.

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Earnings History and Estimates for Kimbell Royalty Partners (NYSE:KRP)

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