Kimbell Royalty Partners, LP (NYSE:KRP) Given Average Rating of “Moderate Buy” by Brokerages

Kimbell Royalty Partners, LP (NYSE:KRP) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.50.

Several analysts have recently issued reports on the company. KeyCorp decreased their price target on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Truist Financial lowered their price objective on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, September 30th.

Insider Buying and Selling

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $15.71, for a total transaction of $78,550.00. Following the completion of the sale, the insider now directly owns 50,164 shares in the company, valued at $788,076.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Nadler Financial Group Inc. bought a new stake in Kimbell Royalty Partners during the third quarter valued at $165,000. Stephens Inc. AR lifted its position in Kimbell Royalty Partners by 8.6% in the 3rd quarter. Stephens Inc. AR now owns 61,063 shares of the energy company’s stock valued at $983,000 after acquiring an additional 4,843 shares in the last quarter. International Assets Investment Management LLC lifted its position in Kimbell Royalty Partners by 1,509.0% in the 3rd quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock valued at $1,573,000 after acquiring an additional 91,672 shares in the last quarter. Accordant Advisory Group Inc lifted its position in shares of Kimbell Royalty Partners by 6.8% during the 3rd quarter. Accordant Advisory Group Inc now owns 191,706 shares of the energy company’s stock worth $3,085,000 after buying an additional 12,199 shares in the last quarter. Finally, Godsey & Gibb Inc. lifted its position in shares of Kimbell Royalty Partners by 62.9% during the 3rd quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock worth $66,000 after buying an additional 1,580 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Trading Up 0.3 %

NYSE:KRP opened at $16.04 on Thursday. Kimbell Royalty Partners has a 12-month low of $14.26 and a 12-month high of $17.11. The firm has a market capitalization of $1.53 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.86 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.68 and a quick ratio of 5.68. The business has a 50 day simple moving average of $15.91 and a 200 day simple moving average of $16.19.

Kimbell Royalty Partners (NYSE:KRP) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. The firm had revenue of $76.60 million during the quarter, compared to the consensus estimate of $81.19 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. Equities research analysts predict that Kimbell Royalty Partners will post 0.74 EPS for the current year.

About Kimbell Royalty Partners