Equities research analysts expect that Kimbell Royalty Partners LP (NYSE:KRP) will report sales of $30.92 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Kimbell Royalty Partners’ earnings. The highest sales estimate is $31.63 million and the lowest is $30.00 million. Kimbell Royalty Partners posted sales of $30.25 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The firm is expected to announce its next earnings report on Thursday, March 5th.
According to Zacks, analysts expect that Kimbell Royalty Partners will report full-year sales of $111.23 million for the current year, with estimates ranging from $110.00 million to $112.16 million. For the next fiscal year, analysts expect that the business will report sales of $128.40 million, with estimates ranging from $123.00 million to $132.16 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.73) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.80). Kimbell Royalty Partners had a positive return on equity of 2.83% and a negative net margin of 17.53%. The company had revenue of $32.98 million during the quarter, compared to analyst estimates of $29.53 million.
A number of research firms have recently weighed in on KRP. TheStreet raised shares of Kimbell Royalty Partners from a “d+” rating to a “c-” rating in a research note on Thursday, October 3rd. Zacks Investment Research downgraded shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Co dropped their price target on shares of Kimbell Royalty Partners from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $19.89.
In other Kimbell Royalty Partners news, Director Brett G. Taylor acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $14.25 per share, for a total transaction of $42,750.00. Following the completion of the acquisition, the director now owns 215,027 shares of the company’s stock, valued at approximately $3,064,134.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brett G. Taylor acquired 2,860 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $14.65 per share, with a total value of $41,899.00. Following the completion of the acquisition, the director now directly 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 purchased 10,160 shares of company stock valued at $148,509 over the last quarter. 14.20% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Needham Investment Management LLC bought a new stake in Kimbell Royalty Partners in the second quarter worth $162,000. Raymond James Trust N.A. bought a new stake in Kimbell Royalty Partners in the second quarter worth $167,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Kimbell Royalty Partners in the second quarter worth $195,000. Steward Partners Investment Advisory LLC bought a new stake in Kimbell Royalty Partners in the second quarter worth $226,000. Finally, Abacus Planning Group Inc. bought a new stake in Kimbell Royalty Partners during the third quarter valued at about $235,000. Hedge funds and other institutional investors own 58.95% of the company’s stock.
Shares of NYSE KRP traded up $0.12 during mid-day trading on Monday, reaching $14.40. The company had a trading volume of 33,192 shares, compared to its average volume of 74,604. Kimbell Royalty Partners has a twelve month low of $13.01 and a twelve month high of $18.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.07 and a current ratio of 7.07. The stock has a market capitalization of $337.14 million, a PE ratio of -72.00 and a beta of 1.44. The stock’s 50 day moving average is $14.21 and its 200-day moving average is $15.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Monday, November 4th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 11.67%. Kimbell Royalty Partners’s dividend payout ratio is currently -840.00%.
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, 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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