Kimbell Royalty Partners (NYSE:KRP) Stock Price Expected to Rise, Truist Financial Analyst Says

Kimbell Royalty Partners (NYSE:KRP) had its target price boosted by investment analysts at Truist Financial from $21.00 to $22.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Truist Financial’s price objective would indicate a potential upside of 38.10% from the company’s previous close.

Separately, KeyCorp dropped their price objective on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.60.

Kimbell Royalty Partners Stock Performance

Shares of KRP opened at $15.93 on Monday. Kimbell Royalty Partners has a one year low of $14.26 and a one year high of $17.07. The company has a market cap of $1.52 billion, a PE ratio of 31.24, a P/E/G ratio of 1.95 and a beta of 1.10. The stock has a 50-day moving average of $15.97 and a 200-day moving average of $16.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The firm had revenue of $83.79 million during the quarter, compared to analysts’ expectations of $80.03 million. During the same quarter last year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, equities research analysts predict that Kimbell Royalty Partners will post 0.69 EPS for the current fiscal year.

Insider Transactions at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total value of $82,050.00. Following the completion of the transaction, the insider now directly owns 45,164 shares of the company’s stock, valued at $741,141.24. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new stake in shares of Kimbell Royalty Partners during the 2nd quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its position in Kimbell Royalty Partners by 98.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock worth $49,000 after acquiring an additional 1,484 shares during the period. Hilltop National Bank purchased a new position in Kimbell Royalty Partners in the fourth quarter valued at about $49,000. Godsey & Gibb Inc. grew its position in shares of Kimbell Royalty Partners by 62.9% during the 3rd quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock valued at $66,000 after acquiring an additional 1,580 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Kimbell Royalty Partners during the 3rd quarter worth approximately $79,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile