Kimbell Royalty (NYSE:KRP) Stock Has Average Price Target of $18.25

Kimbell Royalty (NYSE:KRP) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.25.

KRP has been the subject of a number of research reports. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. KeyCorp increased their target price on shares of Kimbell Royalty from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Zacks Research upgraded shares of Kimbell Royalty from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings raised shares of Kimbell Royalty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th.

Kimbell Royalty Price Performance

Shares of Kimbell Royalty stock opened at $16.89 on Tuesday. Kimbell Royalty has a twelve month low of $11.31 and a twelve month high of $17.12. The stock has a market capitalization of $1.94 billion, a P/E ratio of 20.11 and a beta of 0.44. The company has a current ratio of 7.30, a quick ratio of 7.30 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average price is $15.28 and its 200 day moving average price is $14.70.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. The firm 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 firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. As a group, research analysts anticipate that Kimbell Royalty will post 1.10 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a $0.47 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.88 annualized dividend and a yield of 11.1%. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. Kimbell Royalty’s payout ratio is currently 223.81%.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 4,524 shares of the business’s 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 directly owned 70,639 shares of the company’s stock, valued at approximately $1,065,236.12. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Hilltop Holdings Inc. boosted its holdings in shares of Kimbell Royalty by 4.2% in the 1st quarter. Hilltop Holdings Inc. now owns 25,000 shares of the energy company’s stock valued at $362,000 after buying an additional 1,000 shares during the period. Sunbelt Securities Inc. boosted its stake in Kimbell Royalty by 3.5% during the first quarter. Sunbelt Securities Inc. now owns 30,233 shares of the energy company’s stock valued at $437,000 after buying an additional 1,017 shares in the last quarter. Evanson Financial LLC boosted its position in shares of Kimbell Royalty by 8.3% during the 3rd quarter. Evanson Financial LLC now owns 13,559 shares of the energy company’s stock valued at $194,000 after purchasing an additional 1,043 shares in the last quarter. MGO One Seven LLC boosted its holdings in Kimbell Royalty by 7.5% during the third quarter. MGO One Seven LLC now owns 25,078 shares of the energy company’s stock worth $358,000 after buying an additional 1,746 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Kimbell Royalty by 5.9% during the third quarter. Apollon Wealth Management LLC now owns 36,734 shares of the energy company’s stock worth $525,000 after buying an additional 2,054 shares in 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 publicly traded oil and natural gas mineral and royalty company. It owns mineral, royalty, overriding royalty, and non-operated working interests in producing and undeveloped properties across the onshore United States.

The partnership generates revenue primarily from its share of oil, natural gas, and natural gas liquids produced from properties operated by third-party exploration and production companies. Its asset base is concentrated in major U.S.