Q1 2019 EPS Estimates for Kimbell Royalty Partners LP (KRP) Cut by Analyst

Kimbell Royalty Partners LP (NYSE:KRP) – Equities research analysts at Imperial Capital dropped their Q1 2019 earnings estimates for Kimbell Royalty Partners in a report issued on Thursday, March 28th, Zacks Investment Research reports. Imperial Capital analyst J. Wangler now anticipates that the energy company will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.01. Imperial Capital has a “Outperform” rating and a $20.00 price objective on the stock. Imperial Capital also issued estimates for Kimbell Royalty Partners’ Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.04 EPS and FY2020 earnings at $0.33 EPS.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings data on Thursday, March 7th. The energy company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.39. The firm had revenue of $30.25 million during the quarter, compared to analysts’ expectations of $23.83 million. Kimbell Royalty Partners had a positive return on equity of 2.18% and a negative net margin of 80.80%.

Other equities analysts have also issued reports about the company. Raymond James set a $22.00 target price on Kimbell Royalty Partners and gave the company a “buy” rating in a report on Wednesday, January 23rd. Zacks Investment Research upgraded Kimbell Royalty Partners from a “strong sell” rating to a “hold” rating in a report on Saturday, March 9th. Stifel Nicolaus set a $18.00 target price on Kimbell Royalty Partners and gave the company a “hold” rating in a report on Friday, March 8th. Finally, Stephens started coverage on Kimbell Royalty Partners in a report on Thursday, April 11th. They set an “overweight” rating and a $22.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Kimbell Royalty Partners has a consensus rating of “Buy” and an average price target of $20.67.

KRP traded down $0.01 during trading on Friday, reaching $17.88. 11,695 shares of the stock traded hands, compared to its average volume of 34,623. Kimbell Royalty Partners has a fifty-two week low of $13.01 and a fifty-two week high of $24.50. The company has a current ratio of 9.90, a quick ratio of 9.90 and a debt-to-equity ratio of 0.15. The stock has a market cap of $541.57 million, a price-to-earnings ratio of -89.40 and a beta of 2.02.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Kimbell Royalty Partners by 1,025.2% in the fourth quarter. Advisor Group Inc. now owns 2,813 shares of the energy company’s stock worth $38,000 after purchasing an additional 2,563 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Kimbell Royalty Partners by 21.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,280 shares of the energy company’s stock worth $398,000 after purchasing an additional 5,200 shares during the period. Barclays PLC bought a new position in shares of Kimbell Royalty Partners in the fourth quarter worth about $113,000. Corundum Group Inc. bought a new position in shares of Kimbell Royalty Partners in the fourth quarter worth about $153,000. Finally, Virtu Financial LLC bought a new position in shares of Kimbell Royalty Partners in the third quarter worth about $279,000. Institutional investors and hedge funds own 50.00% of the company’s stock.

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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