Kimbell Royalty Partners (NYSE:KRP) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Kimbell Royalty Partners (NYSE:KRP) posted its quarterly earnings results on Thursday. The energy company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.15), Briefing.com reports. The company had revenue of $87.50 million during the quarter, compared to analyst estimates of $79.42 million. Kimbell Royalty Partners had a net margin of 12.93% and a return on equity of 5.68%. Kimbell Royalty Partners’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS.

Kimbell Royalty Partners Stock Up 0.5 %

Kimbell Royalty Partners stock opened at $16.08 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 26.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 7.95 and a current ratio of 7.95. Kimbell Royalty Partners has a fifty-two week low of $14.02 and a fifty-two week high of $17.11. The firm has a 50 day moving average price of $15.76 and a 200 day moving average price of $15.49.

Kimbell Royalty Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 12.19%. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently 286.67%.

Insiders Place Their Bets

In related news, Director Brett G. Taylor sold 27,163 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $15.51, for a total transaction of $421,298.13. Following the completion of the transaction, the director now directly owns 299,030 shares in the company, valued at approximately $4,637,955.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Brett G. Taylor sold 27,163 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $15.51, for a total transaction of $421,298.13. Following the sale, the director now directly owns 299,030 shares of the company’s stock, valued at approximately $4,637,955.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brett G. Taylor sold 16,889 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $15.71, for a total transaction of $265,326.19. Following the sale, the director now owns 326,193 shares in the company, valued at $5,124,492.03. The disclosure for this sale can be found here. Insiders have sold 100,672 shares of company stock worth $1,571,185 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on KRP shares. TD Securities cut their target price on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Raymond James reduced their target price on shares of Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. KeyCorp increased their price target on shares of Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Truist Financial reduced their price target on shares of Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $21.00.

Kimbell Royalty Partners Company Profile