Kimbell Royalty Partners (KRP) Projected to Post Earnings on Thursday

Kimbell Royalty Partners (NYSE:KRP) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Kimbell Royalty Partners to post earnings of $0.19 per share and revenue of $79.32 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Kimbell Royalty Partners Stock Performance

Shares of KRP stock opened at $15.79 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. Kimbell Royalty Partners has a fifty-two week low of $14.95 and a fifty-two week high of $17.07. The stock has a 50 day moving average price of $15.74 and a two-hundred day moving average price of $15.88. The company has a market capitalization of $1.51 billion, a P/E ratio of 30.97, a PEG ratio of 4.16 and a beta of 1.08.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KRP shares. Raymond James upped their target price on Kimbell Royalty Partners from $19.00 to $23.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Truist Financial upped their target price on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.20.

Kimbell Royalty Partners Company Profile