Kimbell Royalty Partners (KRP) to Release Quarterly Earnings on Thursday

Kimbell Royalty Partners (NYSE:KRP) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Kimbell Royalty Partners Trading Up 0.1 %

Shares of KRP stock opened at $16.04 on Wednesday. Kimbell Royalty Partners has a 12-month low of $14.26 and a 12-month high of $17.07. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average price is $15.92 and its 200-day moving average price is $16.19. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 1.99 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KRP shares. Truist Financial reduced their target price on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, September 30th. KeyCorp reduced their price objective on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Insiders Place Their Bets

In other news, insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $15.71, for a total transaction of $78,550.00. Following the transaction, the insider now owns 50,164 shares of the company’s stock, valued at approximately $788,076.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by insiders.

About Kimbell Royalty Partners