Kimbell Royalty Partners, LP (NYSE:KRP) is expected to report earnings of $0.17 per share
Wall Street analysts expect Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) to report earnings of $0.17 per share for the current quarter, Zacks reports. Three analysts released earnings estimates for Kimbell Royalty Partners, with the highest EPS estimate of $0.22 and the lowest estimate of $0.12. Kimbell Royalty Partners reported earnings of ($0.02) per share in the same quarter last year, suggesting a positive growth rate of 950% year-over-year. The company is expected to release its next quarterly earnings report before the market opens on Monday, January 1.
According to Zacks, analysts expect Kimbell Royalty Partners to report annual earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $1.34. For the next fiscal year, analysts expect the company to post earnings of $1.30 per share, with EPS estimates ranging from $0.51 to $2.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who track Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP – Get Rating) last announced its results on Thursday, February 24. The energy company reported EPS of $0.44 for the quarter, beating consensus analyst estimates of $0.18 from $0.26. The company posted revenue of $55.68 million in the quarter, versus a consensus estimate of $45.50 million. Kimbell Royalty Partners achieved a return on equity of 9.61% and a net margin of 22.64%. In the same quarter of the previous year, the company had earned earnings per share of $0.30.
A number of stock analysts have recently commented on KRP’s stock. KeyCorp raised its price target on Kimbell Royalty Partners from $17.00 to $18.00 and gave the company an “overweight” rating in a Monday, April 11 report. Zacks Investment Research upgraded Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a target price of $18.00 for the company in a Wednesday, April 13 report. TheStreet upgraded Kimbell Royalty Partners from a ‘c’ rating to a ‘b’ rating in a Friday, February 25 report. Raymond James raised his price target on Kimbell Royalty Partners from $22.00 to $25.00 and gave the stock a “Strong Buy” rating in a Monday, April 25 report. Finally, Stephens launched a coverage on Kimbell Royalty Partners in a report on Wednesday, April 13. They issued an “overweight” rating and a price target of $22.00 for the company. Four investment analysts gave the stock a buy rating and one gave the company a high buy rating. According to MarketBeat, Kimbell Royalty Partners has a consensus buy rating and a consensus price target of $20.20.
Shares of Kimbell Royalty Partners were up $0.03 midday Friday, hitting $16.83. 355,202 shares of the company were traded, compared to its average volume of 389,170. The company has a leverage ratio of 0.62, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $1.09 billion, a PE ratio of 33.66 and a beta of 1.69. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $15.19. Kimbell Royalty Partners has a 12-month low of $10.00 and a 12-month high of $17.72.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 9. Shareholders of record on Monday, May 2 will receive a dividend of $0.47 per share. The ex-dividend date is Friday, April 29. This is an increase from Kimbell Royalty Partners’ previous quarterly dividend of $0.37. This represents an annualized dividend of $1.88 and a dividend yield of 11.17%. Kimbell Royalty Partners’ dividend payout ratio (DPR) is currently 296.01%.
Separately, director Mitch S. Wynne sold 13,689 shares of the company in a trade on Thursday, March 10. The stock was sold at an average price of $16.18, for a total transaction of $221,488.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, insider Blayne Rhynsburger sold 2,000 shares in a trade on Tuesday, March 15. The shares were sold at an average price of $15.45, for a total value of $30,900.00. The disclosure of this sale can be found here. Insiders sold 4,015,608 shares of the company valued at $60,411,170 in the past 90 days. Company insiders own 5.60% of the company’s shares.
Several institutional investors have recently increased or reduced their stake in KRP. Fifth Third Bancorp purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter at a value of $27,000. Dorsey Wright & Associates purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter at a value of $52,000. Accel Wealth Management increased its position in shares of Kimbell Royalty Partners by 40.0% during the first quarter. Accel Wealth Management now owns 7,000 shares of the energy company valued at $114,000 after buying an additional 2,000 shares in the last quarter. Simmons Bank purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter at a value of $147,000. Finally, HighTower Advisors LLC bought a new position in Kimbell Royalty Partners in the third quarter worth approximately $152,000. 28.88% of the stock is currently held by institutional investors.
Company Profile Kimbell Royalty Partners (Get a rating)
Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and holds mineral interests and royalties in oil and gas properties in the United States. As of December 31, 2021, it held mineral interests and royalties on approximately 11.4 million gross acres and overriding royalty interests on approximately 4.7 million gross acres.
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