Kimbell Royalty (NYSE:KRP) Receives $17.40 Average PT from Analysts

Shares of Kimbell Royalty (NYSE:KRP) have earned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One 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. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.40.

Several equities analysts have recently weighed in on KRP shares. Mizuho initiated coverage on Kimbell Royalty in a research report on Monday, March 31st. They set a “neutral” rating and a $16.00 target price on the stock. KeyCorp cut their price objective on shares of Kimbell Royalty from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen raised shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Sunday, June 29th.

Kimbell Royalty Price Performance

Kimbell Royalty stock opened at $14.21 on Wednesday. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $17.07. The company has a quick ratio of 6.02, a current ratio of 6.02 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $13.61 and its 200 day moving average is $14.13. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 284.10, a PEG ratio of 6.97 and a beta of 0.51.

Kimbell Royalty (NYSE:KRP) last posted its earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Kimbell Royalty had a net margin of 5.25% and a return on equity of 9.69%. The firm had revenue of $84.21 million for the quarter, compared to the consensus estimate of $84.05 million. During the same period in the previous year, the firm posted $0.04 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.47 per share. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date of this dividend was Tuesday, May 20th. Kimbell Royalty’s payout ratio is currently 3,760.00%.

Insider Activity at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 2,000 shares of Kimbell Royalty stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total transaction of $26,540.00. Following the completion of the sale, the insider owned 47,263 shares in the company, valued at $627,180.01. This trade represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Kimbell Royalty

A number of hedge funds have recently added to or reduced their stakes in KRP. TD Waterhouse Canada Inc. boosted its holdings in shares of Kimbell Royalty by 30.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,287 shares of the energy company’s stock valued at $70,000 after purchasing an additional 1,000 shares during the period. Virtus ETF Advisers LLC lifted its holdings in shares of Kimbell Royalty by 10.3% in the 4th quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company’s stock worth $179,000 after buying an additional 1,035 shares during the period. Wedbush Securities Inc. grew its position in shares of Kimbell Royalty by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 38,930 shares of the energy company’s stock worth $632,000 after buying an additional 1,298 shares in the last quarter. Ruggaard & Associates LLC increased its stake in shares of Kimbell Royalty by 12.4% during the first quarter. Ruggaard & Associates LLC now owns 11,790 shares of the energy company’s stock valued at $165,000 after buying an additional 1,300 shares during the period. Finally, AlphaCore Capital LLC increased its stake in shares of Kimbell Royalty by 0.9% during the fourth quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company’s stock valued at $2,421,000 after buying an additional 1,350 shares during the period. 25.78% of the stock is currently owned by institutional investors.

Kimbell Royalty Company Profile