Kimbell Royalty Partners (NYSE:KRP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday, August 4th.
According to Zacks, “Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties. Kimbell Royalty Partners, LP is based in Fort Worth, Texas. “
Other analysts have also issued research reports about the stock. Imperial Capital lifted their target price on shares of Kimbell Royalty Partners from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, May 30th. Stifel Nicolaus raised shares of Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, May 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Kimbell Royalty Partners currently has a consensus rating of “Buy” and a consensus target price of $23.40.
Shares of Kimbell Royalty Partners traded down $0.17, reaching $21.28, during midday trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 11,309 shares, compared to its average volume of 25,848. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.09 and a quick ratio of 6.09. The firm has a market cap of $575.70 million, a P/E ratio of 163.69 and a beta of 1.89. Kimbell Royalty Partners has a 1-year low of $15.26 and a 1-year high of $24.50.
Kimbell Royalty Partners (NYSE:KRP) last issued its quarterly earnings results on Thursday, August 9th. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Kimbell Royalty Partners had a negative net margin of 126.81% and a positive return on equity of 1.84%. The company had revenue of $10.71 million during the quarter, compared to analyst estimates of $10.95 million. sell-side analysts expect that Kimbell Royalty Partners will post 0.38 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in KRP. SG Capital Management LLC bought a new stake in Kimbell Royalty Partners in the 2nd quarter valued at $1,366,000. Renaissance Technologies LLC bought a new stake in Kimbell Royalty Partners in the 4th quarter valued at $261,000. Deutsche Bank AG lifted its position in Kimbell Royalty Partners by 1,034.7% in the 4th quarter. Deutsche Bank AG now owns 16,215 shares of the energy company’s stock valued at $262,000 after acquiring an additional 14,786 shares in the last quarter. Finally, Hollow Brook Wealth Management LLC lifted its position in Kimbell Royalty Partners by 74.8% in the 1st quarter. Hollow Brook Wealth Management LLC now owns 19,860 shares of the energy company’s stock valued at $377,000 after acquiring an additional 8,500 shares in the last quarter. 22.91% of the stock is currently owned by institutional investors.
About Kimbell Royalty Partners
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2017, the company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 2 million gross acres.
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