Kimbell Royalty (NYSE:KRP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kimbell Royalty (NYSE:KRP) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.80.

A number of research analysts recently weighed in on KRP shares. Mizuho raised their price target on shares of Kimbell Royalty from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Citigroup lowered their price target on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Zacks Research cut Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings upgraded Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd.

Hedge Funds Weigh In On Kimbell Royalty

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB grew its holdings in shares of Kimbell Royalty by 60.3% in the second quarter. Nordea Investment Management AB now owns 183,024 shares of the energy company’s stock valued at $2,544,000 after purchasing an additional 68,854 shares during the period. SG Americas Securities LLC increased its holdings in shares of Kimbell Royalty by 151.0% during the 2nd quarter. SG Americas Securities LLC now owns 39,595 shares of the energy company’s stock worth $553,000 after buying an additional 23,820 shares during the last quarter. Mirador Capital Partners LP raised its position in shares of Kimbell Royalty by 279.5% during the 3rd quarter. Mirador Capital Partners LP now owns 238,266 shares of the energy company’s stock valued at $3,214,000 after buying an additional 175,480 shares during the period. AlphaCore Capital LLC raised its position in shares of Kimbell Royalty by 18.9% during the 2nd quarter. AlphaCore Capital LLC now owns 237,420 shares of the energy company’s stock valued at $3,314,000 after buying an additional 37,750 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its holdings in Kimbell Royalty by 200.9% in the second quarter. Beacon Pointe Advisors LLC now owns 129,243 shares of the energy company’s stock valued at $1,804,000 after acquiring an additional 86,291 shares during the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Stock Performance

NYSE:KRP opened at $14.12 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.39 and a current ratio of 5.39. The stock has a market capitalization of $1.52 billion, a PE ratio of -201.64, a P/E/G ratio of 3.58 and a beta of 0.34. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $15.80. The company has a fifty day moving average of $12.81 and a two-hundred day moving average of $13.13.

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.