Media headlines about Kimbell Royalty (NYSE:KRP) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kimbell Royalty earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 45.9557686026455 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities analysts recently commented on KRP shares. Zacks Investment Research raised shares of Kimbell Royalty from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of Kimbell Royalty in a research note on Monday, July 24th. Stifel Nicolaus set a $19.00 price objective on shares of Kimbell Royalty and gave the company a “buy” rating in a research note on Friday, August 18th. Stephens reaffirmed an “overweight” rating and set a $22.00 price objective (down previously from $24.00) on shares of Kimbell Royalty in a research note on Wednesday, August 23rd. Finally, Imperial Capital started coverage on shares of Kimbell Royalty in a research note on Tuesday, August 15th. They set an “outperform” rating and a $20.00 price objective for the company. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $21.83.
Kimbell Royalty (NYSE:KRP) opened at 15.75 on Wednesday. The stock’s market cap is $259.81 million. The company’s 50-day moving average is $15.82 and its 200 day moving average is $18.70. Kimbell Royalty has a 52 week low of $15.51 and a 52 week high of $20.89.
Kimbell Royalty (NYSE:KRP) last released its earnings results on Thursday, August 10th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The business had revenue of $7.75 million for the quarter, compared to the consensus estimate of $7.87 million. On average, analysts expect that Kimbell Royalty will post $0.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend was Thursday, August 3rd.
In other news, Director Brett G. Taylor bought 4,687 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of $16.10 per share, for a total transaction of $75,460.70. Following the purchase, the director now owns 23,646 shares in the company, valued at $380,700.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitch S. Wynne bought 2,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were purchased at an average price of $16.19 per share, for a total transaction of $32,380.00. Following the purchase, the director now owns 22,637 shares in the company, valued at approximately $366,493.03. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 11,459 shares of company stock worth $183,572.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/09/13/kimbell-royalty-krp-earns-media-impact-rating-of-0-23.html.
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.
Receive News & Ratings for Kimbell Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimbell Royalty and related companies with MarketBeat.com's FREE daily email newsletter.