Brokerages expect Kimbell Royalty Partners LP (NYSE:KRP) to post sales of $28.99 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Kimbell Royalty Partners’ earnings. The highest sales estimate is $32.37 million and the lowest is $26.00 million. Kimbell Royalty Partners posted sales of $18.41 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 57.5%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, November 7th.
According to Zacks, analysts expect that Kimbell Royalty Partners will report full-year sales of $115.21 million for the current financial year, with estimates ranging from $112.16 million to $119.47 million. For the next financial year, analysts expect that the company will report sales of $146.26 million, with estimates ranging from $123.00 million to $183.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.45. Kimbell Royalty Partners had a positive return on equity of 2.83% and a negative net margin of 17.53%. The business had revenue of $31.94 million during the quarter, compared to analysts’ expectations of $27.75 million.
Shares of Kimbell Royalty Partners stock opened at $13.89 on Friday. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 0.13. Kimbell Royalty Partners has a 12 month low of $13.01 and a 12 month high of $20.00. The business has a fifty day simple moving average of $14.60 and a 200 day simple moving average of $15.98. The stock has a market cap of $335.50 million, a PE ratio of -69.45 and a beta of 1.46.
In related news, Director Brett G. Taylor bought 2,860 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $14.65 per share, with a total value of $41,899.00. Following the completion of the transaction, the director now owns 215,027 shares in the company, valued at $3,150,145.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brett G. Taylor bought 3,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of $14.25 per share, for a total transaction of $42,750.00. Following the transaction, the director now owns 215,027 shares of the company’s stock, valued at approximately $3,064,134.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 15,160 shares of company stock worth $221,509. Corporate insiders own 14.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new position in Kimbell Royalty Partners during the second quarter worth approximately $13,333,000. Yorktown Energy Partners X L.P. acquired a new position in Kimbell Royalty Partners during the second quarter worth approximately $13,183,000. Oppenheimer & Co. Inc. acquired a new position in Kimbell Royalty Partners during the second quarter worth approximately $1,688,000. TSP Capital Management Group LLC acquired a new position in Kimbell Royalty Partners during the second quarter worth approximately $673,000. Finally, Arrow Investment Advisors LLC acquired a new position in Kimbell Royalty Partners during the second quarter worth approximately $357,000. 58.95% of the stock is currently owned by institutional investors and hedge funds.
Kimbell Royalty Partners Company Profile
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.
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