Kimbell Royalty Partners LP (KRP) to Post FY2020 Earnings of $0.39 Per Share, Imperial Capital Forecasts

Kimbell Royalty Partners LP (NYSE:KRP) – Equities research analysts at Imperial Capital increased their FY2020 earnings per share estimates for shares of Kimbell Royalty Partners in a research note issued on Friday, February 8th. Imperial Capital analyst J. Wangler now anticipates that the energy company will post earnings of $0.39 per share for the year, up from their prior forecast of $0.34.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus cut Kimbell Royalty Partners from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Friday, November 9th. Raymond James set a $22.00 price target on Kimbell Royalty Partners and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research cut Kimbell Royalty Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Finally, Credit Suisse Group started coverage on Kimbell Royalty Partners in a research note on Friday, December 7th. They issued a “neutral” rating and a $21.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.00.

Shares of NYSE KRP opened at $17.52 on Monday. The company has a market capitalization of $540.96 million, a P/E ratio of 134.77 and a beta of 2.02. Kimbell Royalty Partners has a 52 week low of $13.01 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.50 and a quick ratio of 5.50.

The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Investors of record on Monday, February 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.60 annualized dividend and a yield of 9.13%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 1,230.77%.

In related news, Director William H. Adams III bought 10,000 shares of Kimbell Royalty Partners stock in a transaction that occurred on Monday, November 26th. The stock was purchased at an average cost of $16.88 per share, for a total transaction of $168,800.00. Following the acquisition, the director now owns 22,654 shares in the company, valued at $382,399.52. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Erik B. Daugbjerg bought 7,500 shares of Kimbell Royalty Partners stock in a transaction that occurred on Wednesday, November 28th. The stock was bought at an average price of $16.65 per share, with a total value of $124,875.00. Following the completion of the acquisition, the director now owns 13,478 shares in the company, valued at approximately $224,408.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,915 shares of company stock valued at $317,287. Corporate insiders own 14.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of KRP. Advisor Group Inc. lifted its holdings in Kimbell Royalty Partners by 1,025.2% in the 4th quarter. Advisor Group Inc. now owns 2,813 shares of the energy company’s stock worth $38,000 after purchasing an additional 2,563 shares during the last quarter. Trustcore Financial Services LLC lifted its holdings in Kimbell Royalty Partners by 462.5% in the 3rd quarter. Trustcore Financial Services LLC now owns 11,250 shares of the energy company’s stock worth $221,000 after purchasing an additional 9,250 shares during the last quarter. Virtu Financial LLC acquired a new stake in Kimbell Royalty Partners in the 3rd quarter worth approximately $279,000. Luminus Management LLC acquired a new stake in Kimbell Royalty Partners in the 3rd quarter worth approximately $359,000. Finally, Raymond James & Associates acquired a new stake in Kimbell Royalty Partners in the 2nd quarter worth approximately $381,000. Hedge funds and other institutional investors own 37.43% of the company’s stock.

Kimbell Royalty Partners Company Profile

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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