Equities research analysts expect that Kimbell Royalty Partners LP (NYSE:KRP) will announce earnings of $0.03 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kimbell Royalty Partners’ earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.05. Kimbell Royalty Partners posted earnings per share of $0.08 during the same quarter last year, which indicates a negative year over year growth rate of 62.5%. The firm is expected to issue its next quarterly earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Kimbell Royalty Partners will report full year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.37. For the next fiscal year, analysts expect that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.20 to $1.28. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Kimbell Royalty Partners.

Kimbell Royalty Partners (NYSE:KRP) last posted its quarterly earnings data on Thursday, May 9th. The energy company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $17.95 million during the quarter, compared to analyst estimates of $22.32 million. Kimbell Royalty Partners had a negative net margin of 9.87% and a positive return on equity of 1.22%.

A number of equities analysts have recently weighed in on KRP shares. Imperial Capital reissued an “outperform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Kimbell Royalty Partners in a research report on Monday, March 11th. Zacks Investment Research raised shares of Kimbell Royalty Partners from a “strong sell” rating to a “hold” rating in a research report on Saturday, March 9th. Raymond James set a $22.00 price objective on shares of Kimbell Royalty Partners and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Stephens initiated coverage on shares of Kimbell Royalty Partners in a research report on Thursday, April 11th. They issued an “overweight” rating and a $22.00 price objective for the company. Finally, Stifel Nicolaus set a $18.00 target price on shares of Kimbell Royalty Partners and gave the company a “hold” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.67.

NYSE:KRP opened at $16.72 on Friday. The company has a quick ratio of 9.90, a current ratio of 9.90 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $383.38 million, a PE ratio of -83.60 and a beta of 1.93. Kimbell Royalty Partners has a 1-year low of $13.01 and a 1-year high of $24.50.

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were paid a $0.37 dividend. The ex-dividend date was Friday, May 3rd. This represents a $1.48 annualized dividend and a dividend yield of 8.85%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently -740.00%.

In related news, major shareholder Minerals & Royalties Haymaker sold 3,200,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $16.25, for a total value of $52,000,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 3,200,728 shares of company stock worth $52,013,293 over the last ninety days. 14.20% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the business. Advisor Group Inc. raised its holdings in shares of 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 purchasing an additional 2,563 shares during the period. Meridian Wealth Advisors LLC raised its holdings in shares of Kimbell Royalty Partners by 21.0% during the first quarter. Meridian Wealth Advisors LLC now owns 23,016 shares of the energy company’s stock worth $421,000 after purchasing an additional 4,000 shares during the period. Trustcore Financial Services LLC raised its holdings in shares of 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 purchasing an additional 4,810 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Kimbell Royalty Partners by 21.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,280 shares of the energy company’s stock worth $398,000 after purchasing an additional 5,200 shares during the period. Finally, Barclays PLC acquired a new stake in shares of Kimbell Royalty Partners during the fourth quarter worth $113,000. 65.41% of the stock is currently owned by institutional investors.

About Kimbell Royalty Partners

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.

Featured Story: Do Tariffs Work?

Get a free copy of the Zacks research report on Kimbell Royalty Partners (KRP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kimbell Royalty Partners (NYSE:KRP)

Receive News & Ratings for Kimbell Royalty Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimbell Royalty Partners and related companies with MarketBeat.com's FREE daily email newsletter.