Kimbell Royalty (NYSE:KRP) Given Consensus Rating of “Reduce” by Brokerages

Shares of Kimbell Royalty (NYSE:KRP) have been given an average rating of “Reduce” by the eight brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $15.80.

A number of research analysts have commented on the company. Citigroup reduced their price objective 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. Mizuho upped their price target on Kimbell Royalty from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Kimbell Royalty in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. increased its holdings in Kimbell Royalty by 1.7% during the 2nd quarter. Wedbush Securities Inc. now owns 42,325 shares of the energy company’s stock worth $591,000 after purchasing an additional 711 shares during the last quarter. Arrow Investment Advisors LLC grew its position in shares of Kimbell Royalty by 6.8% during the third quarter. Arrow Investment Advisors LLC now owns 12,595 shares of the energy company’s stock worth $170,000 after buying an additional 797 shares in the last quarter. Bridgewealth Advisory Group LLC grew its position in shares of Kimbell Royalty by 6.1% during the third quarter. Bridgewealth Advisory Group LLC now owns 14,124 shares of the energy company’s stock worth $191,000 after buying an additional 814 shares in the last quarter. Centaurus Financial Inc. increased its stake in shares of Kimbell Royalty by 5.0% in the third quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company’s stock worth $243,000 after buying an additional 852 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in Kimbell Royalty by 4.7% in the second quarter. Apollon Wealth Management LLC now owns 19,863 shares of the energy company’s stock valued at $277,000 after acquiring an additional 895 shares in the last quarter. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Price Performance

KRP opened at $13.45 on Friday. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.14. The company has a 50 day moving average of $12.23 and a two-hundred day moving average of $13.21. The company has a market cap of $1.45 billion, a P/E ratio of -192.14, a P/E/G ratio of 4.70 and a beta of 0.32. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.72.

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

Kimbell Royalty Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 17th. This represents a $1.40 annualized dividend and a dividend yield of 10.4%. Kimbell Royalty’s dividend payout ratio (DPR) is currently -2,000.00%.

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.