Kimbell Royalty (KRP) Expected to Announce Earnings of $0.09 Per Share

Equities research analysts expect that Kimbell Royalty (NYSE:KRP) will post earnings per share (EPS) of $0.09 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Kimbell Royalty’s earnings, with estimates ranging from $0.06 to $0.12. The business is scheduled to announce its next earnings results before the market opens on Monday, May 8th.

According to Zacks, analysts expect that Kimbell Royalty will report full year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.31 to $0.65. For the next financial year, analysts expect that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.49 to $0.78. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Kimbell Royalty.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Kimbell Royalty from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Royal Bank of Canada lifted their target price on shares of Kimbell Royalty from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. Raymond James Financial, Inc. assumed coverage on shares of Kimbell Royalty in a research report on Tuesday, February 28th. They set a “strong-buy” rating and a $25.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of Kimbell Royalty in a research report on Tuesday, February 28th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Stephens assumed coverage on shares of Kimbell Royalty in a research report on Monday, February 27th. They set an “overweight” rating on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $23.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRP. Goldman Sachs Group Inc. purchased a new position in Kimbell Royalty during the first quarter valued at about $999,000. King Luther Capital Management Corp purchased a new position in Kimbell Royalty during the first quarter valued at about $912,000. Morgan Stanley purchased a new position in Kimbell Royalty during the first quarter valued at about $4,907,000. FMR LLC purchased a new position in Kimbell Royalty during the first quarter valued at about $17,094,000. Finally, Wellington Management Group LLP purchased a new position in Kimbell Royalty during the first quarter valued at about $13,766,000. Hedge funds and other institutional investors own 20.38% of the company’s stock.

Kimbell Royalty (NYSE KRP) traded up 0.36% during midday trading on Tuesday, hitting $16.75. 5,644 shares of the company were exchanged. The firm’s 50-day moving average price is $19.01 and its 200-day moving average price is $19.32. The stock’s market capitalization is $273.56 million. Kimbell Royalty has a one year low of $16.50 and a one year high of $20.89.

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Kimbell Royalty Company Profile

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin.

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