Kimbell Royalty (NYSE:KRP – Get Free Report) had its price objective cut by stock analysts at KeyCorp from $18.00 to $17.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target indicates a potential upside of 22.39% from the company’s current price.
A number of other equities analysts have also recently issued reports on KRP. Zacks Research cut Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen cut Kimbell Royalty from a “buy” rating to a “hold” rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.20.
View Our Latest Research Report on Kimbell Royalty
Kimbell Royalty Price Performance
Kimbell Royalty (NYSE:KRP – Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.The company had revenue of $86.55 million for the quarter, compared to the consensus estimate of $79.77 million. During the same quarter last year, the business posted $0.11 EPS. Kimbell Royalty’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.
Institutional Investors Weigh In On Kimbell Royalty
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in Kimbell Royalty in the 1st quarter valued at approximately $29,000. Cetera Investment Advisers raised its position in Kimbell Royalty by 37.8% in the 4th quarter. Cetera Investment Advisers now owns 16,418 shares of the energy company’s stock valued at $266,000 after buying an additional 4,506 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Kimbell Royalty by 44.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 386,884 shares of the energy company’s stock valued at $5,416,000 after buying an additional 119,869 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Kimbell Royalty by 13.7% during the 4th quarter. California State Teachers Retirement System now owns 59,276 shares of the energy company’s stock worth $962,000 after purchasing an additional 7,144 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC increased its position in shares of Kimbell Royalty by 114.5% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 155,448 shares of the energy company’s stock worth $2,176,000 after purchasing an additional 82,968 shares during the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.
About Kimbell Royalty
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