Analysts Expect Kimbell Royalty (KRP) Will Post Earnings of $0.11 Per Share

Wall Street analysts forecast that Kimbell Royalty (NYSE:KRP) will announce earnings of $0.11 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Kimbell Royalty’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.07. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, August 10th.

On average, analysts expect that Kimbell Royalty will report full year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.31 to $0.65. For the next financial year, analysts expect that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.49 to $0.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Kimbell Royalty.

KRP has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on Kimbell Royalty from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. Zacks Investment Research lowered Kimbell Royalty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Kimbell Royalty currently has a consensus rating of “Buy” and an average target price of $23.25.

Kimbell Royalty (NYSE KRP) remained flat at $16.53 during midday trading on Friday. The stock had a trading volume of 50 shares. The company has a 50-day moving average of $18.23 and a 200-day moving average of $19.01. Kimbell Royalty has a 52 week low of $15.65 and a 52 week high of $20.89. The company’s market cap is $269.98 million.

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In other news, Director William H. Adams III bought 4,772 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average price of $15.87 per share, with a total value of $75,731.64. Following the transaction, the director now owns 5,072 shares in the company, valued at $80,492.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brett G. Taylor bought 4,687 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average cost of $16.10 per share, for a total transaction of $75,460.70. Following the transaction, the director now owns 23,646 shares in the company, valued at approximately $380,700.60. The disclosure for this purchase can be found here. In the last three months, insiders purchased 11,459 shares of company stock worth $183,572.

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new stake in shares of Kimbell Royalty during the first quarter worth about $999,000. King Luther Capital Management Corp purchased a new stake in shares of Kimbell Royalty during the first quarter worth about $912,000. Morgan Stanley purchased a new stake in shares of Kimbell Royalty during the first quarter worth about $4,907,000. FMR LLC purchased a new stake in shares of Kimbell Royalty during the first quarter worth about $17,094,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Kimbell Royalty during the first quarter worth about $13,766,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty 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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