Equities research analysts predict that Kimbell Royalty Partners LP (NYSE:KRP) will post sales of $28.33 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Kimbell Royalty Partners’ earnings, with the highest sales estimate coming in at $32.37 million and the lowest estimate coming in at $26.00 million. Kimbell Royalty Partners posted sales of $18.41 million during the same quarter last year, which would indicate a positive year over year growth rate of 53.9%. The firm is expected to report its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Kimbell Royalty Partners will report full year sales of $110.96 million for the current fiscal year, with estimates ranging from $102.56 million to $115.11 million. For the next year, analysts forecast that the firm will post sales of $135.98 million, with estimates ranging from $105.13 million to $183.61 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Kimbell Royalty Partners.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.45. Kimbell Royalty Partners had a negative net margin of 17.53% and a positive return on equity of 2.83%. The business had revenue of $31.94 million for the quarter, compared to analysts’ expectations of $27.75 million.

A number of analysts recently weighed in on KRP shares. SunTrust Banks started coverage on shares of Kimbell Royalty Partners in a report on Monday, June 17th. They issued a “hold” rating and a $19.00 price objective on the stock. TheStreet cut shares of Kimbell Royalty Partners from a “c” rating to a “d+” rating in a research note on Friday, August 9th. Credit Suisse Group raised shares of Kimbell Royalty Partners from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Monday, May 13th. Zacks Investment Research raised shares of Kimbell Royalty Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Stifel Nicolaus cut shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and lowered their target price for the company from $19.00 to $18.00 in a research note on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.63.

In related news, Director William H. Adams III bought 5,000 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $14.60 per share, with a total value of $73,000.00. Following the purchase, the director now owns 108,005 shares in the company, valued at $1,576,873. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 14.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in KRP. Price T Rowe Associates Inc. MD bought a new position in shares of Kimbell Royalty Partners during the 2nd quarter valued at about $13,333,000. Yorktown Energy Partners X L.P. bought a new position in shares of Kimbell Royalty Partners during the 2nd quarter valued at about $13,183,000. Oppenheimer & Co. Inc. bought a new position in shares of Kimbell Royalty Partners during the 2nd quarter valued at about $1,688,000. Lancaster Investment Management LLP boosted its position in shares of Kimbell Royalty Partners by 10.7% during the 1st quarter. Lancaster Investment Management LLP now owns 536,385 shares of the energy company’s stock valued at $9,800,000 after purchasing an additional 51,629 shares in the last quarter. Finally, TSP Capital Management Group LLC bought a new position in shares of Kimbell Royalty Partners during the 2nd quarter valued at about $673,000. 49.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KRP stock traded up $0.39 during trading hours on Monday, reaching $15.10. The stock had a trading volume of 57,300 shares, compared to its average volume of 64,480. The company has a debt-to-equity ratio of 0.13, a current ratio of 7.07 and a quick ratio of 8.07. Kimbell Royalty Partners has a twelve month low of $13.01 and a twelve month high of $24.40. The firm has a 50-day simple moving average of $15.49 and a 200-day simple moving average of $16.91. The firm has a market capitalization of $345.84 million, a PE ratio of -75.50 and a beta of 1.48.

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.56 annualized dividend and a yield of 10.33%. Kimbell Royalty Partners’s payout ratio is -780.00%.

Kimbell Royalty Partners Company Profile

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.

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Earnings History and Estimates for Kimbell Royalty Partners (NYSE:KRP)

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