Wall Street analysts expect Kimbell Royalty Partners LP (NYSE:KRP) to announce sales of $29.09 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kimbell Royalty Partners’ earnings. The lowest sales estimate is $27.00 million and the highest is $30.94 million. Kimbell Royalty Partners posted sales of $30.25 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.8%. The business is scheduled to report its next earnings report on Thursday, March 5th.
According to Zacks, analysts expect that Kimbell Royalty Partners will report full year sales of $112.29 million for the current financial year, with estimates ranging from $110.00 million to $113.80 million. For the next year, analysts forecast that the company will report sales of $128.60 million, with estimates ranging from $117.00 million to $135.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last released its earnings results on Thursday, November 7th. The energy company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.80). The firm had revenue of $32.98 million for the quarter, compared to the consensus estimate of $29.53 million. Kimbell Royalty Partners had a positive return on equity of 4.66% and a negative net margin of 26.36%.
KRP stock traded up $0.11 during mid-day trading on Wednesday, reaching $16.11. The company had a trading volume of 207,755 shares, compared to its average volume of 71,875. The company has a quick ratio of 5.89, a current ratio of 5.89 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $14.20 and its two-hundred day simple moving average is $15.18. The stock has a market capitalization of $376.77 million, a P/E ratio of -80.55 and a beta of 1.45. Kimbell Royalty Partners has a one year low of $13.01 and a one year high of $18.80.
The company also recently declared a quarterly dividend, which was paid on Monday, November 11th. Stockholders of record on Monday, November 4th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, November 1st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.43%. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.39. Kimbell Royalty Partners’s payout ratio is currently -840.00%.
In other news, Director Brett G. Taylor purchased 3,000 shares of Kimbell Royalty Partners stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $14.25 per share, for a total transaction of $42,750.00. Following the transaction, the director now owns 215,027 shares in the company, valued at $3,064,134.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 4,600 shares of company stock worth $66,325 in the last 90 days. 14.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of KRP. Raymond James Trust N.A. raised its stake in Kimbell Royalty Partners by 14.0% during the 3rd quarter. Raymond James Trust N.A. now owns 11,793 shares of the energy company’s stock valued at $173,000 after purchasing an additional 1,450 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Kimbell Royalty Partners by 21.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 17,000 shares of the energy company’s stock worth $250,000 after acquiring an additional 2,950 shares in the last quarter. Lee Financial Co boosted its position in Kimbell Royalty Partners by 1.7% during the 2nd quarter. Lee Financial Co now owns 201,704 shares of the energy company’s stock worth $3,258,000 after acquiring an additional 3,282 shares during the period. Arrow Investment Advisors LLC boosted its position in Kimbell Royalty Partners by 23.5% during the 3rd quarter. Arrow Investment Advisors LLC now owns 27,318 shares of the energy company’s stock worth $402,000 after acquiring an additional 5,201 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Kimbell Royalty Partners by 46.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,000 shares of the energy company’s stock valued at $309,000 after acquiring an additional 6,050 shares in the last quarter. Hedge funds and other institutional investors own 58.80% of the company’s stock.
About Kimbell Royalty Partners
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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