$0.33 Earnings Per Share Expected for Kimbell Royalty Partners, LP (NYSE:KRP) This Quarter

Analysts expect Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) to report $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Kimbell Royalty Partners’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.29. Kimbell Royalty Partners posted earnings of $0.04 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 725%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Kimbell Royalty Partners will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $0.86 to $1.34. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $0.98 to $1.98. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Kimbell Royalty Partners.

Kimbell Royalty Partners (NYSE:KRP – Get Rating) last released its earnings results on Thursday, February 24th. The energy company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.18 by $0.26. Kimbell Royalty Partners had a net margin of 27.46% and a return on equity of 12.75%. The firm had revenue of $55.68 million for the quarter, compared to analyst estimates of $45.50 million. During the same period last year, the firm earned $0.30 EPS.

Several equities research analysts recently issued reports on KRP shares. TheStreet lowered shares of Kimbell Royalty Partners from a “b” rating to a “c+” rating in a report on Friday, May 6th. Stephens started coverage on shares of Kimbell Royalty Partners in a report on Wednesday, April 13th. They set an “overweight” rating and a $22.00 price target on the stock. Raymond James lifted their price target on shares of Kimbell Royalty Partners from $22.00 to $25.00 and gave the company a “strong-buy” rating in a report on Monday, April 25th. KeyCorp lifted their price target on shares of Kimbell Royalty Partners from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, April 11th. Finally, Zacks Investment Research raised shares of Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, April 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $20.20.

In other news, insider Blayne Rhynsburger sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $15.45, for a total value of $30,900.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Pep I. Holdings, Llc sold 3,999,919 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $15.04, for a total transaction of $60,158,781.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,015,608 shares of company stock worth $60,411,170. 5.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of KRP. Millennium Management LLC acquired a new position in shares of Kimbell Royalty Partners in the 2nd quarter worth approximately $248,000. Wells Fargo & Company MN lifted its position in shares of Kimbell Royalty Partners by 21.1% during the 2nd quarter. Wells Fargo & Company MN now owns 112,988 shares of the energy company’s stock valued at $1,452,000 after acquiring an additional 19,663 shares during the period. Morgan Stanley lifted its position in shares of Kimbell Royalty Partners by 96.7% during the 2nd quarter. Morgan Stanley now owns 353,841 shares of the energy company’s stock valued at $4,546,000 after acquiring an additional 173,984 shares during the period. Deutsche Bank AG lifted its position in shares of Kimbell Royalty Partners by 683.7% during the 3rd quarter. Deutsche Bank AG now owns 72,716 shares of the energy company’s stock valued at $1,027,000 after acquiring an additional 63,438 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in shares of Kimbell Royalty Partners by 21.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 33,575 shares of the energy company’s stock valued at $474,000 after acquiring an additional 6,000 shares during the period. Hedge funds and other institutional investors own 31.51% of the company’s stock.

Shares of Kimbell Royalty Partners stock traded down $0.04 during midday trading on Friday, hitting $19.16. 384,915 shares of the company traded hands, compared to its average volume of 360,109. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 29.54 and a beta of 1.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s fifty day moving average price is $17.11 and its 200-day moving average price is $15.54. Kimbell Royalty Partners has a 12 month low of $10.00 and a 12 month high of $19.70.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 9th. Investors of record on Monday, May 2nd were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, April 29th. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.37. This represents a $1.88 annualized dividend and a yield of 9.81%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 289.23%.

About Kimbell Royalty Partners (Get Rating)

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres.

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