Kimbell Royalty Partners (NYSE:KRP) Posts Earnings Results, Misses Estimates By $0.80 EPS

Kimbell Royalty Partners (NYSE:KRP) posted its quarterly earnings data on Thursday. The energy company reported ($0.73) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.80), Fidelity Earnings reports. The company had revenue of $32.98 million for the quarter, compared to analysts’ expectations of $29.53 million. Kimbell Royalty Partners had a positive return on equity of 2.83% and a negative net margin of 17.53%.

KRP stock remained flat at $$14.28 during midday trading on Friday. 151,044 shares of the company’s stock traded hands, compared to its average volume of 74,604. 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 52 week low of $13.01 and a 52 week high of $18.92. The company has a market cap of $337.14 million, a price-to-earnings ratio of -71.40 and a beta of 1.44. The firm has a 50-day moving average of $14.21 and a 200-day moving average of $15.57.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Monday, November 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 11.76%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.39. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently -840.00%.

In other Kimbell Royalty Partners news, Director Brett G. Taylor purchased 3,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was bought at an average price of $14.25 per share, with a total value of $42,750.00. Following the transaction, the director now directly owns 215,027 shares of the company’s stock, valued at approximately $3,064,134.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Adams III purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $14.60 per share, with a total value of $73,000.00. Following the transaction, the director now directly owns 108,005 shares in the company, valued at $1,576,873. The disclosure for this purchase can be found here. Insiders acquired a total of 15,160 shares of company stock valued at $221,509 in the last three months. 14.20% of the stock is currently owned by corporate insiders.

A number of equities analysts recently weighed in on KRP shares. Zacks Investment Research raised shares of Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, November 1st. TheStreet raised shares of Kimbell Royalty Partners from a “d+” rating to a “c-” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Co lowered their price objective on shares of Kimbell Royalty Partners from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.89.

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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Earnings History for Kimbell Royalty Partners (NYSE:KRP)

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