The stock of Kimbell Royalty Partners LP (NYSE:KRP) last traded at $15.49, down -4.97% from the previous session.
Data from the available sources indicates that Kimbell Royalty Partners LP (NYSE:KRP) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $20.00, we find $22.50. Given the previous closing price of $16.30, this indicates a potential upside of 38.04 percent. KRP stock price is now -3.91% away from the 50-day moving average and -9.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.
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In total, 0 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $22.50 as their price target over the next twelve months.
With the price target maintained at $21, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Kimbell Royalty Partners LP (NYSE: KRP)., while ‘Citigroup’ rates the stock as ‘Buy’.
In other news, Daugbjerg Erik B, Director bought 6,207 shares of the company’s stock on Dec 08. The stock was bought for $100,000 at an average price of $16.11. Upon completion of the transaction, the Director now directly owns 74,185 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Controller Rhynsburger Blayne sold 2,500 shares of the business’s stock. A total of $44,325 was realized by selling the stock at an average price of $17.73. This leaves the insider owning 46,616 shares of the company worth $0.72 million. Insiders disposed of 4,060,807 shares of company stock worth roughly $62.9 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KRP stock. A new stake in Kimbell Royalty Partners LP shares was purchased by YAUPON CAPITAL MANAGEMENT LP during the first quarter worth $13,167,000. ZIMMER PARTNERS, LP invested $3,873,000 in shares of KRP during the first quarter. In the first quarter, AVENTAIL CAPITAL GROUP, LP acquired a new stake in Kimbell Royalty Partners LP valued at approximately $2,987,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in KRP for approximately $2,776,000. GHISALLO CAPITAL MANAGEMENT LLC purchased a new stake in KRP valued at around $2,324,000 in the second quarter. In total, there are 168 active investors with 32.90% ownership of the company’s stock.
With an opening price of $15.70 on Wednesday morning, Kimbell Royalty Partners LP (NYSE: KRP) set off the trading day. During the past 12 months, Kimbell Royalty Partners LP has had a low of $14.48 and a high of $20.08. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 4.00, and a quick ratio of 4.00. The fifty day moving average price for KRP is $16.12 and a two-hundred day moving average price translates $17.13 for the stock.
The latest earnings results from Kimbell Royalty Partners LP (NYSE: KRP) was released for Sep, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $0.59, beating analysts’ expectations of $0.34 by 0.25. This compares to $0.46 EPS in the same period last year. The net profit margin was 45.10% and return on equity was 22.10% for KRP. The company reported revenue of $68.67 million for the quarter, compared to $55.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.34 percent. For the current quarter, analysts expect KRP to generate $58.93M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2023. Investors who held shares on 03/09/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.99 dividend and a 12.85% percent yield. There was an ex-dividend date of 03/08/2023 for this dividend. In terms of dividend payout ratio, KRP is presently at 93.50%.
Kimbell Royalty Partners LP(KRP) Company Profile
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. The company’s mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.
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