Kimbell Royalty Partners (NYSE:KRP) Given New $21.00 Price Target at KeyCorp

Kimbell Royalty Partners (NYSE:KRP) had its target price raised by analysts at KeyCorp from $20.00 to $21.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the energy company’s stock. KeyCorp’s price objective points to a potential upside of 31.25% from the company’s current price.

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

Kimbell Royalty Partners Stock Up 0.8 %

Shares of NYSE:KRP opened at $16.00 on Monday. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.40 and a beta of 1.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 7.95 and a current ratio of 7.95. Kimbell Royalty Partners has a 52-week low of $14.02 and a 52-week high of $17.11. The firm has a fifty day moving average of $15.66 and a 200 day moving average of $15.50.

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

Insider Buying and Selling at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 6,487 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $15.60, for a total value of $101,197.20. Following the sale, the insider now owns 55,164 shares of the company’s stock, valued at approximately $860,558.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Brett G. Taylor sold 22,326 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $15.59, for a total value of $348,062.34. Following the completion of the sale, the director now owns 380,210 shares of the company’s stock, valued at $5,927,473.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blayne Rhynsburger sold 6,487 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $15.60, for a total transaction of $101,197.20. Following the transaction, the insider now directly owns 55,164 shares in the company, valued at $860,558.40. The disclosure for this sale can be found here. Insiders sold 100,672 shares of company stock valued at $1,571,185 in the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Kimbell Royalty Partners

A number of large investors have recently modified their holdings of KRP. Venturi Wealth Management LLC lifted its stake in shares of Kimbell Royalty Partners by 2,480.0% in the 1st quarter. Venturi Wealth Management LLC now owns 25,800 shares of the energy company’s stock valued at $400,000 after purchasing an additional 24,800 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Kimbell Royalty Partners by 4.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 546,876 shares of the energy company’s stock valued at $8,488,000 after buying an additional 25,156 shares during the period. Raymond James & Associates lifted its position in Kimbell Royalty Partners by 1.7% during the first quarter. Raymond James & Associates now owns 1,036,263 shares of the energy company’s stock valued at $16,083,000 after buying an additional 17,474 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Kimbell Royalty Partners during the 1st quarter valued at $2,733,000. Finally, Board of Trustees of The Leland Stanford Junior University grew its position in shares of Kimbell Royalty Partners by 148.1% in the 4th quarter. Board of Trustees of The Leland Stanford Junior University now owns 111,638 shares of the energy company’s stock worth $1,680,000 after buying an additional 66,638 shares during the period. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile