Kimbell Royalty Partners (NYSE:KRP) Price Target Cut to $18.00 by Analysts at KeyCorp

Kimbell Royalty Partners (NYSE:KRP) had its target price reduced by analysts at KeyCorp from $20.00 to $18.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target indicates a potential upside of 46.93% from the company’s previous close.

Several other equities research analysts have also recently weighed in on KRP. Raymond James reiterated a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Royal Bank of Canada raised Kimbell Royalty Partners to a “moderate buy” rating in a research report on Friday, March 14th. Mizuho started coverage on Kimbell Royalty Partners in a research report on Monday, March 31st. They set a “neutral” rating and a $16.00 target price on the stock. Truist Financial cut Kimbell Royalty Partners from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. Finally, Bank of America dropped their price target on Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.40.

Kimbell Royalty Partners Trading Down 2.4 %

Shares of Kimbell Royalty Partners stock traded down $0.30 during midday trading on Monday, reaching $12.25. The company had a trading volume of 113,494 shares, compared to its average volume of 586,766. The stock has a fifty day moving average price of $13.92 and a 200 day moving average price of $15.24. Kimbell Royalty Partners has a fifty-two week low of $10.98 and a fifty-two week high of $17.07. The firm has a market cap of $1.31 billion, a PE ratio of 24.06, a P/E/G ratio of 4.25 and a beta of 0.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20.

Insider Activity

In related news, insider Blayne Rhynsburger sold 7,851 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $13.86, for a total value of $108,814.86. Following the transaction, the insider now directly owns 49,263 shares in the company, valued at $682,785.18. This trade represents a 13.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in shares of Kimbell Royalty Partners during the fourth quarter worth about $32,000. Parkside Financial Bank & Trust bought a new stake in Kimbell Royalty Partners during the 4th quarter worth approximately $32,000. GAMMA Investing LLC purchased a new stake in shares of Kimbell Royalty Partners in the first quarter worth approximately $34,000. Lowe Wealth Advisors LLC bought a new position in shares of Kimbell Royalty Partners in the first quarter valued at approximately $34,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Kimbell Royalty Partners by 293.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company’s stock valued at $44,000 after purchasing an additional 2,028 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile