Find out what others think about Kimbell Royalty Partners, LP (NYSE: KRP) stock by reading their ratings and comments (NYSE: KRP-Get a Rating) -Limited Partnership of Kimbell Royalty (NYSE: KRP-Get a Rating) -Limited Partnership of Kimbell Royalty (NYSE: KRP-Get a Rating) In a report that was made accessible to the general public on September 19, 2018, KeyCorp equity research analysts offered forecasts regarding Kimbell Royalty Partners’ earnings per share (EPS) for the third quarter of 2022. T. Rezvan, an analyst for KeyCorp, predicted that the revenue generated by the oil industry during the fourth quarter would be $0.39 per share. The shares of KeyCorp currently have a rating of “Sector Weight” accorded to them by the investment community. Investors believe that Kimbell Royalty Partners will announce full-year earnings of $1.20 per share.
This is the consensus estimate among investors. In addition, KeyCorp anticipates that Kimbell Royalty Partners will generate earnings of $0.45 per share in the fourth quarter of 2022; $1.54 per share in the fiscal year 2022; $0.48 per share in the first quarter of 2023; $0.35 per share in the second quarter of 2023; $0.35 per share in the third quarter of 2023; $0.40 per share in the fourth quarter of 2023; and $0.58 per share in the fiscal year 2023. Several more equity research experts have each supplied their unique point of view concerning KRP. Citigroup published the first of numerous research studies covering Kimbell Royalty Partners on Wednesday, August 24. They suggested that the stock be purchased and that a price objective of $24 is established for the stock. In a research study made available to the public on Thursday, August 4, the rating of Kimbell Royalty Partners was raised from “c+” to “b,” reflecting a significant improvement. One equity research analyst has assigned a hold rating to the stock. In contrast, the other four analysts have provided buy recommendations, and there is one analyst who has assigned a strong buy recommendation.
According to Bloomberg, the current recommendation for the company is “Buy,” and market analysts believe that its price will eventually settle at $21.40 on average. When trading started on Thursday, the price of one share of Kimbell Royalty Partners was $17.82. 1.66 is the value shared by all three ratios: the debt-to-equity ratio, the current ratio, and the quick ratio. The ratio of debt to equity is now at 0.66. The price of Kimbell Royalty Partners has ranged from $12.68 to $20.08 during the past year, with $12.68 being the company’s all-time low. The current market capitalization of the company’s shares is valued at $1.15 billion, while the PE ratio of the stock is 15.36 and its beta equals 1.52, respectively. The company’s moving average over the previous 200 days is $17.14, and the moving average for the previous fifty days is $17.39.
On Thursday, August 4, the most recent quarterly earnings report for Kimbell Royalty Partners (NYSE: KRP) was made public and available for analysis.
The oil business reported earnings for the quarter of $0.55 per share, which was $0.25 higher than the consensus expectation of $0.30 per share. Kimbell Royalty Partners had a return of 25.19% on its equity investment, while the company’s net margin was 41.55%. In addition, the revenue generated during the quarter was much more than the prediction, which was set at $60.36 million and $72.71 million.
In addition, the business announced a quarterly dividend, which was paid out on August 22. The dividend was paid to shareholders. Investors recognized as holding shares as of August 15 were eligible to receive dividend payments of $0.55 per share. The dividends were paid out to investors who were recorded as owning shares. The previous quarterly payout that Kimbell Royalty Partners had made, which amounted to $0.47, has been increased to the new sum. This translates into a dividend payment of $2.20 when calculated annually, resulting in a dividend yield of 12.35% for the company. The day that the dividend was payable to shareholders was last Friday, August 12. At the time, Kimbell Royalty Partners had a payout ratio resting at 189.66%.
Blayne Rhynsburger, an employee of the corporation who was on the inside, sold 2,500 shares of Kimbell Royalty Partners stock on Thursday, September 15. This comes in the wake of earlier reports concerning the corporation. The stock sale resulted in total revenue of $44,325.00 with an average price of $17.73 for each purchased share. The completion of the transaction has resulted in the business insider now directly owns 46,616 shares of the company’s stock. Based on the current stock price, this gives the business insider a value of about $826,501.68. The corporate transaction was made known to the general public using a formal document delivered to the SEC and is currently searchable online. In related news, Kimbell Royalty Partners director Brett G. Taylor sold 29,100 shares of the company’s stock on Wednesday, August 31. This comes as the latest development in the ongoing saga surrounding this matter. The stock was sold for a total of $509,832.00, with the average price per share coming in at $17.52 and the profit coming in at that amount.
As a direct result of the transaction, the director now owns 612,593 shares of the company’s stock. The total value of these shares is about $10,732,629.36. The information concerning the sale submitted to the Securities and Exchange Commission (SEC) is currently available on the website of the SEC. In addition, on September 15, Kimbell Royalty Partners insider Blayne Rhynsburger sold 2,500 shares of the company’s stock. The shares were sold at an average price of $17.73 each, which resulted in a total transaction volume of $44,325.00. The price at which the shares were sold was $17.73. After the conclusion of the transaction, the corporate insider now directly owns 46,616 shares of the firm. Based on the current stock price, these shares have a value of approximately $826,501.68. Disclosures that are related to the sale might be found in this section of the website. Therefore, the company’s insiders own 5.60 percent of the total shares now outstanding in the corporation.