Wall Street brokerages forecast that Kimbell Royalty Partners LP (NYSE:KRP) will post $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Kimbell Royalty Partners’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.11. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 10th.
On average, analysts expect that Kimbell Royalty Partners will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.33 to $0.59. For the next financial year, analysts anticipate that the business will post earnings of $0.52 per share, with EPS estimates ranging from $0.32 to $0.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last posted its earnings results on Thursday, March 8th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $9.69 million for the quarter, compared to the consensus estimate of $9.29 million. Kimbell Royalty Partners had a return on equity of 0.46% and a net margin of 3.99%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lubar & Co. Inc purchased a new position in Kimbell Royalty Partners in the fourth quarter valued at about $796,000. Yorktown Energy Partners X L.P. purchased a new position in Kimbell Royalty Partners in the fourth quarter valued at about $15,042,000. King Luther Capital Management Corp boosted its stake in Kimbell Royalty Partners by 26.8% in the fourth quarter. King Luther Capital Management Corp now owns 66,649 shares of the energy company’s stock valued at $1,083,000 after acquiring an additional 14,099 shares during the last quarter. Homrich & Berg bought a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at approximately $184,000. Finally, Deutsche Bank AG raised its position in shares of Kimbell Royalty Partners by 1,034.7% in the fourth quarter. Deutsche Bank AG now owns 16,215 shares of the energy company’s stock valued at $262,000 after purchasing an additional 14,786 shares during the period. Hedge funds and other institutional investors own 28.39% of the company’s stock.
Kimbell Royalty Partners stock traded down $0.04 during midday trading on Friday, hitting $19.21. 90,707 shares of the stock were exchanged, compared to its average volume of 17,093. Kimbell Royalty Partners has a 52-week low of $15.06 and a 52-week high of $20.24. The stock has a market cap of $313.69, a PE ratio of 148.08 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.65 and a current ratio of 5.65.
Kimbell Royalty Partners 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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