Kimbell Royalty (NYSE:KRP) Raised to “Buy” at Wall Street Zen

Kimbell Royalty (NYSE:KRP) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other analysts have also issued reports about the company. Zacks Research lowered Kimbell Royalty from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimbell Royalty in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada started coverage on shares of Kimbell Royalty in a research report on Friday, May 29th. They set an “outperform” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

Kimbell Royalty Trading Down 0.2%

Shares of KRP stock opened at $15.06 on Friday. The firm has a 50 day moving average price of $14.86 and a two-hundred day moving average price of $14.65. The company has a quick ratio of 7.30, a current ratio of 7.30 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.73 billion, a PE ratio of 17.93 and a beta of 0.30. Kimbell Royalty has a 12-month low of $11.31 and a 12-month high of $15.80.

Kimbell Royalty (NYSE:KRP) last posted its earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. The company had revenue of $112.48 million during the quarter, compared to the consensus estimate of $93.45 million. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.The company’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, analysts predict that Kimbell Royalty will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Kimbell Royalty

Large investors have recently modified their holdings of the business. UBS Group AG boosted its stake in shares of Kimbell Royalty by 9.4% in the 4th quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock valued at $11,867,000 after purchasing an additional 86,957 shares in the last quarter. Gabelli Funds LLC increased its position in Kimbell Royalty by 47.7% during the 4th quarter. Gabelli Funds LLC now owns 240,000 shares of the energy company’s stock worth $2,822,000 after purchasing an additional 77,500 shares in the last quarter. GraniteShares Advisors LLC increased its position in Kimbell Royalty by 20.9% during the 4th quarter. GraniteShares Advisors LLC now owns 228,676 shares of the energy company’s stock worth $2,689,000 after purchasing an additional 39,510 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Kimbell Royalty in the 1st quarter valued at approximately $7,405,000. Finally, Pingora Partners LLC lifted its stake in Kimbell Royalty by 267.0% in the 4th quarter. Pingora Partners LLC now owns 98,076 shares of the energy company’s stock valued at $1,153,000 after purchasing an additional 71,350 shares during the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

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.