Kimbell Royalty (NYSE:KRP) Receives $17.20 Consensus Target Price from Brokerages

Kimbell Royalty (NYSE:KRPGet Free Report) has been given an average recommendation of “Reduce” by the seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.20.

Several equities analysts have commented on the stock. KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Zacks Research upgraded shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimbell Royalty in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday, November 15th.

Check Out Our Latest Stock Report on KRP

Kimbell Royalty Trading Down 0.5%

Shares of NYSE:KRP opened at $12.59 on Friday. The business’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $13.66. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.39 and a quick ratio of 5.39. The company has a market capitalization of $1.36 billion, a P/E ratio of -179.79 and a beta of 0.33.

Kimbell Royalty (NYSE:KRPGet Free Report) last released its earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Kimbell Royalty had a return on equity of 12.51% and a net margin of 10.66%.The firm had revenue of $80.62 million during the quarter, compared to the consensus estimate of $82.68 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.40 annualized dividend and a yield of 11.1%. Kimbell Royalty’s dividend payout ratio (DPR) is -2,000.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hilltop National Bank acquired a new stake in shares of Kimbell Royalty in the 2nd quarter valued at approximately $42,000. Legacy Investment Solutions LLC bought a new position in Kimbell Royalty in the 2nd quarter valued at approximately $56,000. MAI Capital Management boosted its position in Kimbell Royalty by 4,300.0% in the first quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock valued at $62,000 after buying an additional 4,300 shares in the last quarter. State of Wyoming bought a new stake in shares of Kimbell Royalty during the third quarter worth $62,000. Finally, Westwood Holdings Group Inc. acquired a new position in shares of Kimbell Royalty during the second quarter worth $140,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

About Kimbell Royalty

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Analyst Recommendations for Kimbell Royalty (NYSE:KRP)

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