Kimbell Royalty (NYSE:KRP) Stock Rating Lowered by Wall Street Zen

Kimbell Royalty (NYSE:KRP) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other research firms have also recently issued reports on KRP. KeyCorp lowered their target price on Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Zacks Research cut shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimbell Royalty has a consensus rating of “Hold” and an average price target of $17.20.

Kimbell Royalty Stock Performance

Kimbell Royalty stock opened at $13.59 on Friday. The company has a market cap of $1.47 billion, a PE ratio of -339.63 and a beta of 0.57. The company’s 50-day moving average is $14.04 and its two-hundred day moving average is $13.61. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.99.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The firm had revenue of $86.55 million during the quarter, compared to analyst estimates of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Insider Activity at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 3,600 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the transaction, the insider owned 43,663 shares in the company, valued at approximately $599,929.62. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in Kimbell Royalty by 9.0% in the second quarter. American Century Companies Inc. now owns 2,770,741 shares of the energy company’s stock valued at $38,680,000 after acquiring an additional 228,379 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Kimbell Royalty by 604.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company’s stock worth $23,683,000 after purchasing an additional 1,451,666 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Kimbell Royalty during the first quarter worth about $10,150,000. Epoch Investment Partners Inc. grew its holdings in shares of Kimbell Royalty by 222.8% during the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company’s stock worth $9,414,000 after purchasing an additional 464,142 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its holdings in shares of Kimbell Royalty by 0.8% during the second quarter. Pin Oak Investment Advisors Inc. now owns 612,915 shares of the energy company’s stock worth $8,580,000 after purchasing an additional 4,701 shares during the last quarter. Institutional investors own 25.78% of the company’s stock.

About Kimbell Royalty