Kimbell Royalty Partners (KRP) Set to Announce Earnings on Thursday

Kimbell Royalty Partners (NYSE:KRP) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.13). Kimbell Royalty Partners had a net margin of 20.45% and a return on equity of 8.98%. The business had revenue of $99.20 million during the quarter, compared to analysts’ expectations of $83.89 million. During the same period in the prior year, the firm earned $0.48 EPS. Kimbell Royalty Partners’s revenue for the quarter was up 44.4% on a year-over-year basis. On average, analysts expect Kimbell Royalty Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kimbell Royalty Partners Stock Down 2.1 %

Shares of NYSE:KRP opened at $15.84 on Wednesday. The company has a current ratio of 7.95, a quick ratio of 7.95 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 17.22 and a beta of 1.08. The stock’s 50-day moving average price is $15.73 and its two-hundred day moving average price is $15.49. Kimbell Royalty Partners has a 12-month low of $14.02 and a 12-month high of $17.11.

Kimbell Royalty Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 13th were given a $0.43 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.72 annualized dividend and a dividend yield of 10.86%. Kimbell Royalty Partners’s dividend payout ratio is presently 186.96%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KRP. Raymond James cut their price target on shares of Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Truist Financial reduced their target price on Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 5th. KeyCorp raised their price objective on Kimbell Royalty Partners from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, TD Securities decreased their price objective on shares of Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $21.00.

Insider Activity

In other news, Director Brett G. Taylor sold 27,163 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $15.51, for a total value of $421,298.13. Following the completion of the transaction, the director now directly owns 299,030 shares in the company, valued at $4,637,955.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Brett G. Taylor sold 27,163 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $15.51, for a total value of $421,298.13. Following the transaction, the director now owns 299,030 shares in the company, valued at $4,637,955.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brett G. Taylor sold 22,326 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $15.59, for a total value of $348,062.34. Following the completion of the transaction, the director now directly owns 380,210 shares of the company’s stock, valued at approximately $5,927,473.90. The disclosure for this sale can be found here. Insiders have sold 100,672 shares of company stock worth $1,571,185 over the last 90 days. Company insiders own 5.60% of the company’s stock.

About Kimbell Royalty Partners