Kimbell Royalty (NYSE:KRP) Receives $18.00 Consensus Target Price from Brokerages

Shares of Kimbell Royalty (NYSE:KRP) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.00.

A number of analysts have recently commented on KRP shares. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research raised Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada began coverage on shares of Kimbell Royalty in a report on Friday, May 29th. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $15.08, for a total transaction of $68,221.92. Following the transaction, the insider owned 70,639 shares in the company, valued at approximately $1,065,236.12. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Kimbell Royalty by 32.6% in the 1st quarter. Royal Bank of Canada now owns 371,582 shares of the energy company’s stock valued at $5,202,000 after buying an additional 91,263 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Kimbell Royalty in the first quarter valued at about $297,000. Legal & General Group Plc raised its position in shares of Kimbell Royalty by 17.2% during the second quarter. Legal & General Group Plc now owns 67,890 shares of the energy company’s stock worth $948,000 after acquiring an additional 9,987 shares during the last quarter. First Trust Advisors LP raised its position in shares of Kimbell Royalty by 8.6% during the second quarter. First Trust Advisors LP now owns 464,829 shares of the energy company’s stock worth $6,489,000 after acquiring an additional 36,803 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Kimbell Royalty in the second quarter worth approximately $1,220,000. 25.78% of the stock is owned by institutional investors.

Kimbell Royalty Stock Performance

NYSE KRP opened at $14.89 on Monday. The firm’s fifty day moving average price is $14.93 and its two-hundred day moving average price is $14.82. The stock has a market cap of $1.71 billion, a PE ratio of 17.73 and a beta of 0.31. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.30 and a current ratio of 7.30. Kimbell Royalty has a fifty-two week low of $11.31 and a fifty-two week high of $15.80.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings results on Friday, August 7th. The energy company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. The company had revenue of $112.48 million during the quarter, compared to analysts’ expectations of $93.45 million. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.Kimbell Royalty’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. On average, equities analysts expect that Kimbell Royalty will post 0.81 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, August 17th. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 annualized dividend and a dividend yield of 12.6%. Kimbell Royalty’s payout ratio is 223.81%.

Kimbell Royalty Company Profile

Kimbell Royalty Partners, LP (NYSE: KRP) is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The partnership primarily generates revenue from its share of production and lease payments associated with properties developed and operated by third-party exploration and production companies.

Kimbell’s assets include mineral, overriding royalty, nonparticipating royalty and working interests. Its portfolio provides exposure to several major U.S.