Kimbell Royalty Partners (KRP) Scheduled to Post Earnings on Thursday

Kimbell Royalty Partners (NYSE:KRP) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Kimbell Royalty Partners to post earnings of $0.17 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.13). The business had revenue of $99.20 million for the quarter, compared to the consensus estimate of $83.89 million. Kimbell Royalty Partners had a net margin of 20.45% and a return on equity of 8.98%. Kimbell Royalty Partners’s revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. 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 Price Performance

KRP stock opened at $15.95 on Thursday. The company has a fifty day moving average price of $15.68 and a 200-day moving average price of $15.50. The company has a market capitalization of $1.51 billion, a P/E ratio of 17.33 and a beta of 1.08. Kimbell Royalty Partners has a 52-week low of $14.02 and a 52-week high of $17.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 7.95 and a current ratio of 7.95.

Kimbell Royalty Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 13th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date was Tuesday, March 12th. Kimbell Royalty Partners’s dividend payout ratio is presently 186.96%.

Analyst Ratings Changes

KRP has been the subject of a number of analyst reports. KeyCorp lifted their target price on shares of Kimbell Royalty Partners from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James lowered their target price on shares of Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. TD Securities lowered their target price 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. Finally, Truist Financial lowered their target price on shares of Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kimbell Royalty Partners presently has an average rating of “Buy” and a consensus target price of $21.00.

Insider Activity

In other news, Director Brett G. Taylor sold 22,326 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $15.59, for a total transaction of $348,062.34. Following the transaction, the director now owns 380,210 shares in the company, valued at $5,927,473.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Brett G. Taylor sold 22,326 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $15.59, for a total transaction of $348,062.34. Following the transaction, the director now owns 380,210 shares in the company, valued at $5,927,473.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett G. Taylor sold 5,480 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $15.55, for a total transaction of $85,214.00. Following the transaction, the director now owns 343,082 shares in the company, valued at approximately $5,334,925.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,672 shares of company stock worth $1,571,185. Company insiders own 5.60% of the company’s stock.

About Kimbell Royalty Partners