Kimbell Royalty Partners LP (KRP) Forecasted to Post Q1 2019 Earnings of $0.01 Per Share

Kimbell Royalty Partners LP (NYSE:KRP) – Equities research analysts at Imperial Capital lowered their Q1 2019 earnings estimates for Kimbell Royalty Partners in a report issued on Monday, March 11th. Imperial Capital analyst J. Wangler now expects that the energy company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.05. Imperial Capital currently has a “Outperform” rating and a $20.00 target price on the stock. Imperial Capital also issued estimates for Kimbell Royalty Partners’ Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.14 EPS and FY2020 earnings at $0.34 EPS.

A number of other research analysts have also recently issued reports on KRP. Credit Suisse Group initiated coverage on shares of Kimbell Royalty Partners in a research note on Friday, December 7th. They issued a “neutral” rating and a $21.00 target price for the company. Raymond James set a $22.00 target price on shares of Kimbell Royalty Partners and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research raised shares of Kimbell Royalty Partners from a “strong sell” rating to a “hold” rating in a report on Saturday, March 9th. Finally, Stifel Nicolaus set a $18.00 price target on shares of Kimbell Royalty Partners and gave the company a “hold” rating in a report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Kimbell Royalty Partners currently has an average rating of “Hold” and an average target price of $20.40.

NYSE:KRP opened at $18.26 on Thursday. Kimbell Royalty Partners has a 1 year low of $13.01 and a 1 year high of $24.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.50 and a quick ratio of 5.50. The company has a market capitalization of $550.65 million, a PE ratio of -91.30 and a beta of 2.02.

Kimbell Royalty Partners (NYSE:KRP) last posted its earnings results on Thursday, March 7th. The energy company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.39. Kimbell Royalty Partners had a negative net margin of 80.80% and a positive return on equity of 2.76%. The company had revenue of $30.25 million during the quarter, compared to analysts’ expectations of $23.83 million.

Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. grew its holdings in Kimbell Royalty Partners by 1,025.2% during the 4th quarter. Advisor Group Inc. now owns 2,813 shares of the energy company’s stock worth $38,000 after acquiring an additional 2,563 shares during the period. Barclays PLC acquired a new stake in Kimbell Royalty Partners during the 4th quarter worth $113,000. Corundum Group Inc. acquired a new stake in Kimbell Royalty Partners during the 4th quarter worth $153,000. Trustcore Financial Services LLC grew its holdings in Kimbell Royalty Partners by 462.5% during the 3rd quarter. Trustcore Financial Services LLC now owns 11,250 shares of the energy company’s stock worth $221,000 after acquiring an additional 9,250 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Kimbell Royalty Partners during the 3rd quarter worth $279,000. 50.00% of the stock is owned by institutional investors and hedge funds.

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, 2017, the company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 2 million gross acres.

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