Kimbell Royalty Partners (NYSE:KRP) released its quarterly earnings data on Thursday. The energy company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29), MarketWatch Earnings reports. Kimbell Royalty Partners had a negative net margin of 126.81% and a positive return on equity of 1.93%. The company had revenue of $18.41 million during the quarter, compared to the consensus estimate of $22.48 million.

Shares of Kimbell Royalty Partners stock opened at $17.90 on Friday. Kimbell Royalty Partners has a 1 year low of $15.70 and a 1 year high of $24.50. The stock has a market capitalization of $499.74 million, a price-to-earnings ratio of 137.69 and a beta of 1.10. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.22.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 12th. Shareholders of record on Monday, November 5th will be issued a $0.45 dividend. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 10.06%. The ex-dividend date is Friday, November 2nd. Kimbell Royalty Partners’s dividend payout ratio is 1,384.62%.

In other Kimbell Royalty Partners news, Director Erik B. Daugbjerg purchased 2,500 shares of the stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of $22.14 per share, for a total transaction of $55,350.00. Following the completion of the acquisition, the director now directly owns 7,978 shares of the company’s stock, valued at $176,632.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Erik B. Daugbjerg purchased 1,500 shares of the stock in a transaction on Tuesday, September 4th. The stock was acquired at an average price of $22.52 per share, with a total value of $33,780.00. Following the completion of the acquisition, the director now directly owns 4,978 shares of the company’s stock, valued at $112,104.56. The disclosure for this purchase can be found here. Insiders acquired 5,500 shares of company stock valued at $121,160 over the last 90 days. Corporate insiders own 14.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in KRP. Yorktown Energy Partners X L.P. bought a new position in shares of Kimbell Royalty Partners during the second quarter worth about $20,382,000. Renaissance Technologies LLC bought a new position in shares of Kimbell Royalty Partners during the second quarter worth about $1,117,000. SG Capital Management LLC bought a new position in shares of Kimbell Royalty Partners during the second quarter worth about $1,366,000. Raymond James & Associates bought a new position in shares of Kimbell Royalty Partners during the second quarter worth about $381,000. Finally, FMR LLC grew its holdings in shares of Kimbell Royalty Partners by 21.8% during the third quarter. FMR LLC now owns 1,095,426 shares of the energy company’s stock worth $21,492,000 after buying an additional 196,100 shares in the last quarter. Institutional investors own 17.34% of the company’s stock.

KRP has been the subject of several recent analyst reports. Stifel Nicolaus downgraded Kimbell Royalty Partners from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Friday. Zacks Investment Research downgraded Kimbell Royalty Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Finally, Raymond James increased their price target on Kimbell Royalty Partners from $29.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 16th.

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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, 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.

Further Reading: Return on Equity (ROE)

Earnings History for Kimbell Royalty Partners (NYSE:KRP)

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