Kimbell Royalty Partners, LP (KRP) To Go Ex-Dividend on November 18th

Kimbell Royalty Partners, LP (NYSE:KRP) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Monday, November 18th will be paid a dividend of 0.41 per share by the energy company on Monday, November 25th. This represents a $1.64 annualized dividend and a dividend yield of 10.28%. The ex-dividend date of this dividend is Monday, November 18th.

Kimbell Royalty Partners has a dividend payout ratio of 109.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kimbell Royalty Partners to earn $0.93 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 167.7%.

Kimbell Royalty Partners Stock Performance

KRP stock opened at $15.96 on Friday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 2.00 and a beta of 1.13. The firm has a 50 day moving average of $16.05 and a two-hundred day moving average of $16.22. The company has a quick ratio of 5.68, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. Kimbell Royalty Partners has a 12 month low of $14.26 and a 12 month high of $17.07.

Kimbell Royalty Partners (NYSE:KRP) last posted its earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $83.79 million for the quarter, compared to analyst estimates of $80.03 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. As a group, equities analysts anticipate that Kimbell Royalty Partners will post 0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial decreased their target price on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, September 30th. KeyCorp decreased their price objective on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.50.

Insiders Place Their Bets

In related news, insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total value of $82,050.00. Following the completion of the transaction, the insider now directly owns 45,164 shares of the company’s stock, valued at $741,141.24. This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Company Profile