Brokerages expect Kimbell Royalty Partners LP (NYSE:KRP) to announce $28.33 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Kimbell Royalty Partners’ earnings, with estimates ranging from $26.00 million to $32.37 million. Kimbell Royalty Partners posted sales of $18.41 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 53.9%. The company is expected to issue its next earnings report on Thursday, November 14th.
On average, analysts expect that Kimbell Royalty Partners will report full-year sales of $110.96 million for the current fiscal year, with estimates ranging from $102.56 million to $115.11 million. For the next fiscal year, analysts expect that the company will report sales of $135.98 million, with estimates ranging from $105.13 million to $183.61 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Kimbell Royalty Partners.
Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.45. Kimbell Royalty Partners had a negative net margin of 17.53% and a positive return on equity of 2.96%. The firm had revenue of $31.94 million for the quarter, compared to analyst estimates of $27.75 million.
NYSE:KRP traded down $0.04 during midday trading on Monday, hitting $14.45. 619 shares of the company were exchanged, compared to its average volume of 77,716. The stock has a fifty day moving average of $15.64. Kimbell Royalty Partners has a fifty-two week low of $13.01 and a fifty-two week high of $24.40. The company has a quick ratio of 8.07, a current ratio of 8.07 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $347.71 million, a P/E ratio of -72.20 and a beta of 1.48.
The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.80%. The ex-dividend date was Friday, August 2nd. Kimbell Royalty Partners’s payout ratio is -780.00%.
In other news, Director William H. Adams III bought 5,000 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $14.60 per share, with a total value of $73,000.00. Following the completion of the acquisition, the director now directly owns 108,005 shares in the company, valued at $1,576,873. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.20% of the stock is owned by insiders.
Several large investors have recently modified their holdings of KRP. Advisor Group Inc. boosted its holdings in Kimbell Royalty Partners by 1,025.2% during the fourth quarter. Advisor Group Inc. now owns 2,813 shares of the energy company’s stock worth $38,000 after buying an additional 2,563 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Kimbell Royalty Partners during the second quarter worth about $167,000. Steward Partners Investment Advisory LLC purchased a new stake in Kimbell Royalty Partners during the second quarter worth about $226,000. Trustcore Financial Services LLC boosted its holdings in Kimbell Royalty Partners by 42.8% during the first quarter. Trustcore Financial Services LLC now owns 16,060 shares of the energy company’s stock worth $293,000 after buying an additional 4,810 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Kimbell Royalty Partners by 46.7% during the second quarter. JPMorgan Chase & Co. now owns 19,000 shares of the energy company’s stock worth $309,000 after buying an additional 6,050 shares in the last quarter. 48.69% of the stock is currently owned by institutional investors and hedge funds.
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, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.
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