Analysts Set Kimbell Royalty (NYSE:KRP) PT at $17.40

Shares of Kimbell Royalty (NYSE:KRP) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.40.

A number of research firms have recently commented on KRP. Bank of America dropped their price objective on shares of Kimbell Royalty from $16.00 to $14.00 and set an “underperform” rating for the company in a research note on Tuesday, March 4th. KeyCorp cut their price target on shares of Kimbell Royalty from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Truist Financial lowered shares of Kimbell Royalty from a “buy” rating to a “hold” rating and decreased their price target for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. Raymond James Financial restated a “market perform” rating on shares of Kimbell Royalty in a report on Monday, March 3rd. Finally, Royal Bank Of Canada raised Kimbell Royalty to a “moderate buy” rating in a research report on Friday, March 14th.

Insider Buying and Selling

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total value of $26,540.00. Following the completion of the transaction, the insider now owns 47,263 shares in the company, valued at $627,180.01. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Kimbell Royalty

Hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in Kimbell Royalty during the 1st quarter valued at $29,000. PNC Financial Services Group Inc. purchased a new position in Kimbell Royalty in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust acquired a new stake in shares of Kimbell Royalty during the fourth quarter valued at about $32,000. Lowe Wealth Advisors LLC purchased a new stake in shares of Kimbell Royalty during the first quarter worth about $34,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Kimbell Royalty during the first quarter worth about $34,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Stock Up 0.4%

Shares of NYSE KRP opened at $14.63 on Friday. The firm’s 50 day moving average price is $13.07 and its 200 day moving average price is $14.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.02 and a current ratio of 6.02. The firm has a market cap of $1.57 billion, a P/E ratio of 292.62, a price-to-earnings-growth ratio of 9.63 and a beta of 0.51. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $17.07.

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

Kimbell Royalty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 20th were issued a dividend of $0.47 per share. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.88 annualized dividend and a dividend yield of 12.85%. Kimbell Royalty’s payout ratio is presently 3,760.00%.

About Kimbell Royalty