Equities research analysts forecast that Kimbell Royalty Partners LP (NYSE:KRP) will announce $10.86 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Kimbell Royalty Partners’ earnings, with the highest sales estimate coming in at $11.01 million and the lowest estimate coming in at $10.62 million. Kimbell Royalty Partners posted sales of $7.75 million in the same quarter last year, which suggests a positive year-over-year growth rate of 40.1%. The business is expected to announce its next quarterly earnings results on Thursday, August 9th.
According to Zacks, analysts expect that Kimbell Royalty Partners will report full year sales of $64.62 million for the current financial year, with estimates ranging from $55.75 million to $70.18 million. For the next financial year, analysts expect that the firm will report sales of $96.24 million per share, with estimates ranging from $91.63 million to $99.53 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last issued its earnings results on Thursday, May 10th. The energy company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $10.89 million during the quarter, compared to analyst estimates of $10.50 million. Kimbell Royalty Partners had a positive return on equity of 1.34% and a negative net margin of 140.10%.
A number of research analysts have recently issued reports on the company. Stifel Nicolaus downgraded Kimbell Royalty Partners from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a report on Sunday, March 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, May 17th. Finally, Imperial Capital lifted their price target on Kimbell Royalty Partners from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, May 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.60.
A number of hedge funds have recently made changes to their positions in KRP. Yorktown Energy Partners X L.P. purchased a new position in Kimbell Royalty Partners during the 4th quarter worth $15,042,000. Renaissance Technologies LLC purchased a new position in Kimbell Royalty Partners during the 4th quarter worth $261,000. Deutsche Bank AG grew its stake in Kimbell Royalty Partners by 1,034.7% during the 4th quarter. Deutsche Bank AG now owns 16,215 shares of the energy company’s stock worth $262,000 after buying an additional 14,786 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC grew its stake in Kimbell Royalty Partners by 74.8% during the 1st quarter. Hollow Brook Wealth Management LLC now owns 19,860 shares of the energy company’s stock worth $377,000 after buying an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 22.53% of the company’s stock.
Kimbell Royalty Partners traded down $0.03, reaching $21.84, on Thursday, according to MarketBeat. 27,071 shares of the stock traded hands, compared to its average volume of 26,264. The company has a quick ratio of 6.09, a current ratio of 6.09 and a debt-to-equity ratio of 0.15. The firm has a market cap of $360.58 million, a PE ratio of 104.00 and a beta of 2.07. Kimbell Royalty Partners has a 12 month low of $15.06 and a 12 month high of $23.50.
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, 2017, the company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 2 million gross acres.
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