Kimbell Royalty (KRP) Given Daily Coverage Optimism Score of 0.26
Media coverage about Kimbell Royalty (NYSE:KRP) has been trending positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimbell Royalty earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 46.1977608599613 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and set a $22.00 target price (down from $24.00) on shares of Kimbell Royalty in a research note on Wednesday, August 23rd. Stifel Nicolaus set a $19.00 target price on shares of Kimbell Royalty and gave the company a “buy” rating in a research note on Friday, August 18th. Imperial Capital assumed coverage on shares of Kimbell Royalty in a research note on Tuesday, August 15th. They set an “outperform” rating and a $20.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 target price on shares of Kimbell Royalty in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Kimbell Royalty from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.83.
Shares of Kimbell Royalty (KRP) opened at 15.82 on Monday. The company’s market cap is $260.97 million. Kimbell Royalty has a 12 month low of $15.51 and a 12 month high of $20.89. The stock’s 50 day moving average is $15.77 and its 200-day moving average is $15.77.
Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings results on Thursday, August 10th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). The business had revenue of $7.75 million for the quarter, compared to analyst estimates of $7.87 million. On average, equities analysts forecast that Kimbell Royalty will post $0.17 EPS for the current year.
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Kimbell Royalty Company Profile
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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