Analysts Set Kimbell Royalty (NYSE:KRP) Target Price at $18.00

Shares of Kimbell Royalty (NYSE:KRP) have received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.00.

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada began coverage on Kimbell Royalty in a research note on Friday, May 29th. They set an “outperform” rating and a $20.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kimbell Royalty in a research report on Tuesday. Finally, Zacks Research lowered shares of Kimbell Royalty from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd.

Institutional Investors Weigh In On Kimbell Royalty

Institutional investors have recently modified their holdings of the stock. Hilltop National Bank bought a new position in shares of Kimbell Royalty during the second quarter worth about $44,000. Ascentis Independent Advisors acquired a new position in Kimbell Royalty in the first quarter worth about $60,000. EverSource Wealth Advisors LLC increased its holdings in Kimbell Royalty by 29.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after buying an additional 1,250 shares during the last quarter. First Bancorp Inc ME bought a new stake in Kimbell Royalty in the second quarter valued at about $90,000. Finally, Marex Group plc acquired a new stake in Kimbell Royalty during the fourth quarter valued at approximately $118,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Stock Down 0.3%

Shares of Kimbell Royalty stock opened at $15.06 on Thursday. The business has a 50-day moving average of $14.86 and a 200-day moving average of $14.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.30 and a quick ratio of 5.12. The company has a market capitalization of $1.73 billion, a PE ratio of 17.93 and a beta of 0.30. Kimbell Royalty has a 1-year low of $11.31 and a 1-year high of $15.80.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. The business had revenue of $112.48 million for the quarter, compared to analyst estimates of $93.45 million. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. As a group, equities analysts forecast that Kimbell Royalty will post 0.81 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Monday, August 17th. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. Kimbell Royalty’s payout ratio is presently 195.24%.

About Kimbell Royalty

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.