Wall Street brokerages forecast that Kimbell Royalty Partners LP (NYSE:KRP) will post earnings of $0.05 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kimbell Royalty Partners’ earnings, with estimates ranging from $0.04 to $0.06. Kimbell Royalty Partners posted earnings per share of ($0.15) in the same quarter last year, which would suggest a positive year over year growth rate of 133.3%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, November 7th.
According to Zacks, analysts expect that Kimbell Royalty Partners will report full-year earnings of ($0.62) per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.30 to $0.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.45. The company had revenue of $31.94 million for the quarter, compared to analysts’ expectations of $27.75 million. Kimbell Royalty Partners had a positive return on equity of 2.83% and a negative net margin of 17.53%.
KRP has been the topic of a number of recent analyst reports. Zacks Investment Research cut Kimbell Royalty Partners from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet raised Kimbell Royalty Partners from a “d+” rating to a “c-” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Co cut their price target on Kimbell Royalty Partners from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.89.
In other Kimbell Royalty Partners news, Director Brett G. Taylor purchased 3,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $14.25 per share, for a total transaction of $42,750.00. Following the completion of the transaction, the director now owns 215,027 shares in the company, valued at approximately $3,064,134.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brett G. Taylor purchased 2,860 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $14.65 per share, for a total transaction of $41,899.00. Following the transaction, the director now owns 215,027 shares of the company’s stock, valued at approximately $3,150,145.55. The disclosure for this purchase can be found here. Insiders have purchased 15,160 shares of company stock worth $221,509 in the last quarter. Company insiders own 14.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of KRP. Raymond James Trust N.A. acquired a new position in Kimbell Royalty Partners in the second quarter worth approximately $167,000. Trustcore Financial Services LLC grew its position in Kimbell Royalty Partners by 44.5% during the 2nd quarter. Trustcore Financial Services LLC now owns 23,210 shares of the energy company’s stock worth $375,000 after purchasing an additional 7,150 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Kimbell Royalty Partners during the 2nd quarter worth approximately $226,000. Lee Financial Co grew its position in Kimbell Royalty Partners by 1.7% during the 2nd quarter. Lee Financial Co now owns 201,704 shares of the energy company’s stock worth $3,258,000 after purchasing an additional 3,282 shares in the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new position in Kimbell Royalty Partners during the 2nd quarter worth approximately $323,000. Hedge funds and other institutional investors own 58.95% of the company’s stock.
Shares of KRP traded up $0.06 during mid-day trading on Thursday, reaching $13.85. 700 shares of the company’s stock traded hands, compared to its average volume of 48,992. The business’s 50-day moving average price is $14.52 and its 200-day moving average price is $15.91. The stock has a market capitalization of $325.81 million, a P/E ratio of -69.40 and a beta of 1.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.07 and a current ratio of 7.07. Kimbell Royalty Partners has a 12 month low of $13.01 and a 12 month high of $20.00.
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, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.
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