Kimbell Royalty (NYSE:KRP) Receives $17.20 Average Target Price from Brokerages

Shares of Kimbell Royalty (NYSE:KRP) have been given an average recommendation of “Reduce” by the seven brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.20.

A number of research analysts have recently issued reports on KRP shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimbell Royalty in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. KeyCorp reiterated a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Finally, Zacks Research raised shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th.

Kimbell Royalty Trading Down 1.1%

Kimbell Royalty stock opened at $12.69 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.39 and a current ratio of 5.39. The firm’s fifty day moving average price is $13.13 and its 200-day moving average price is $13.67. The stock has a market cap of $1.37 billion, a P/E ratio of -181.21 and a beta of 0.33. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.59.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $82.68 million. During the same period in the previous year, the business posted $0.22 earnings per share. Kimbell Royalty’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities research analysts forecast that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were issued 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 11.0%. Kimbell Royalty’s dividend payout ratio (DPR) is presently -2,000.00%.

Institutional Investors Weigh In On Kimbell Royalty

Institutional investors and hedge funds have recently made changes to their positions in the company. Hilltop National Bank bought a new stake in Kimbell Royalty in the 2nd quarter worth about $42,000. Legacy Investment Solutions LLC purchased a new stake in shares of Kimbell Royalty in the second quarter worth $56,000. MAI Capital Management raised its holdings in Kimbell Royalty by 4,300.0% during the first quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock valued at $62,000 after acquiring an additional 4,300 shares during the period. State of Wyoming bought a new stake in Kimbell Royalty during the 3rd quarter valued at approximately $62,000. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Kimbell Royalty during the second quarter valued at approximately $140,000. Institutional investors own 25.78% of the company’s stock.

About Kimbell Royalty