Wall Street analysts predict that Kimbell Royalty Partners LP (NYSE:KRP) will post $0.09 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for Kimbell Royalty Partners’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.07. The company is scheduled to report its next earnings report before the market opens on Thursday, May 10th.

On average, analysts expect that Kimbell Royalty Partners will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.33 to $0.59. For the next fiscal year, analysts expect that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.32 to $0.64. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Kimbell Royalty Partners.

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Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Thursday, March 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $9.69 million for the quarter, compared to analysts’ expectations of $9.29 million. Kimbell Royalty Partners had a net margin of 3.99% and a return on equity of 0.46%.

Several brokerages recently issued reports on KRP. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price objective on shares of Kimbell Royalty Partners in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Kimbell Royalty Partners from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Kimbell Royalty Partners currently has a consensus rating of “Buy” and an average target price of $20.00.

Hedge funds have recently modified their holdings of the stock. Lubar & Co. Inc acquired a new position in Kimbell Royalty Partners during the fourth quarter worth approximately $796,000. Yorktown Energy Partners X L.P. acquired a new position in Kimbell Royalty Partners during the fourth quarter worth approximately $15,042,000. King Luther Capital Management Corp increased its position in Kimbell Royalty Partners by 26.8% during the fourth quarter. King Luther Capital Management Corp now owns 66,649 shares of the energy company’s stock worth $1,083,000 after purchasing an additional 14,099 shares during the last quarter. Signature Financial Management Inc. acquired a new position in Kimbell Royalty Partners during the third quarter worth approximately $185,000. Finally, HITE Hedge Asset Management LLC increased its position in Kimbell Royalty Partners by 20.9% during the third quarter. HITE Hedge Asset Management LLC now owns 136,014 shares of the energy company’s stock worth $2,146,000 after purchasing an additional 23,524 shares during the last quarter. 28.39% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Partners stock opened at $17.95 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.65 and a current ratio of 5.65. Kimbell Royalty Partners has a one year low of $15.06 and a one year high of $20.24.

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About Kimbell Royalty Partners

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin.

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