KeyCorp Raises Kimbell Royalty Partners (NYSE:KRP) Price Target to $21.00

Kimbell Royalty Partners (NYSE:KRP) had its target price raised by stock analysts at KeyCorp from $20.00 to $21.00 in a note issued to investors on Monday. The brokerage currently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target points to a potential upside of 30.19% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Raymond James lowered their price objective on shares of Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Truist Financial lowered their target price on Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, TD Securities lowered their target price on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $21.00.

Kimbell Royalty Partners Trading Up 0.2 %

Shares of Kimbell Royalty Partners stock traded up $0.04 on Monday, hitting $16.13. 42,166 shares of the company’s stock traded hands, compared to its average volume of 340,983. The company has a debt-to-equity ratio of 0.41, a current ratio of 7.95 and a quick ratio of 7.95. Kimbell Royalty Partners has a one year low of $14.02 and a one year high of $17.11. The firm’s 50-day moving average price is $15.65 and its two-hundred day moving average price is $15.49. The stock has a market capitalization of $1.53 billion, a PE ratio of 17.48 and a beta of 1.08.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.13). Kimbell Royalty Partners had a net margin of 20.45% and a return on equity of 8.98%. The firm had revenue of $99.20 million during the quarter, compared to the consensus estimate of $83.89 million. During the same quarter in the prior year, the company earned $0.48 EPS. Kimbell Royalty Partners’s quarterly revenue was up 44.4% on a year-over-year basis. On average, research analysts expect that Kimbell Royalty Partners will post 0.79 EPS for the current fiscal year.

Insider Transactions at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 6,487 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $15.60, for a total transaction of $101,197.20. Following the completion of the transaction, the insider now directly owns 55,164 shares in the company, valued at approximately $860,558.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 27,163 shares of the firm’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 completion of the sale, the director now directly owns 299,030 shares in the company, valued at $4,637,955.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Blayne Rhynsburger sold 6,487 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $15.60, for a total transaction of $101,197.20. Following the sale, the insider now owns 55,164 shares of the company’s stock, valued at $860,558.40. The disclosure for this sale can be found here. Insiders sold a total of 100,672 shares of company stock worth $1,571,185 in the last three months. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Kimbell Royalty Partners

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Kimbell Royalty Partners during the second quarter worth approximately $155,000. National Bank of Canada FI lifted its position in shares of Kimbell Royalty Partners by 29.6% during the 3rd quarter. National Bank of Canada FI now owns 10,962 shares of the energy company’s stock worth $171,000 after buying an additional 2,501 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Kimbell Royalty Partners by 30.8% during the 3rd quarter. HB Wealth Management LLC now owns 17,000 shares of the energy company’s stock worth $272,000 after buying an additional 4,000 shares during the last quarter. Summit Global Investments raised its position in Kimbell Royalty Partners by 7.9% in the third quarter. Summit Global Investments now owns 17,366 shares of the energy company’s stock valued at $278,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Ulland Investment Advisors LLC raised its position in Kimbell Royalty Partners by 44.4% in the third quarter. Ulland Investment Advisors LLC now owns 13,000 shares of the energy company’s stock valued at $208,000 after purchasing an additional 4,000 shares during the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Company Profile