Equities analysts expect that Kimbell Royalty Partners LP (NYSE:KRP) will post earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Kimbell Royalty Partners’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.09. The firm is expected to report its next earnings results before the market opens on Thursday, March 8th.
On average, analysts expect that Kimbell Royalty Partners will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.15. For the next financial year, analysts expect that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.51 to $0.63. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Kimbell Royalty Partners.
A number of research analysts have weighed in on KRP shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 target price on shares of Kimbell Royalty Partners in a report on Wednesday, January 17th. Zacks Investment Research lowered Kimbell Royalty Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Kimbell Royalty Partners in a report on Tuesday, November 7th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.00.
A number of hedge funds have recently bought and sold shares of KRP. Royal Bank of Canada purchased a new position in Kimbell Royalty Partners during the 2nd quarter valued at about $164,000. Homrich & Berg purchased a new position in Kimbell Royalty Partners during the 4th quarter valued at about $184,000. Signature Financial Management Inc. purchased a new position in Kimbell Royalty Partners during the 3rd quarter valued at about $185,000. Renaissance Technologies LLC purchased a new position in Kimbell Royalty Partners during the 4th quarter valued at about $261,000. Finally, Deutsche Bank AG grew its holdings in Kimbell Royalty Partners by 1,034.7% during the 4th quarter. Deutsche Bank AG now owns 16,215 shares of the energy company’s stock valued at $262,000 after buying an additional 14,786 shares in the last quarter. 23.51% of the stock is owned by institutional investors and hedge funds.
Kimbell Royalty Partners (NYSE:KRP) traded up $0.63 during mid-day trading on Friday, reaching $18.24. The company’s stock had a trading volume of 14,146 shares, compared to its average volume of 14,978. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.08. Kimbell Royalty Partners has a 1-year low of $15.06 and a 1-year high of $20.50.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date was Tuesday, February 6th. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.31.
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Kimbell Royalty Partners Company Profile
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin.
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