News headlines about Kimbell Royalty (NYSE:KRP) have been trending positive on Friday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimbell Royalty earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 44.9460175091722 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages recently weighed in on KRP. Stifel Nicolaus set a $19.00 target price on Kimbell Royalty and gave the company a “buy” rating in a report on Friday, August 18th. Imperial Capital began coverage on Kimbell Royalty in a report on Tuesday, August 15th. They set an “outperform” rating and a $20.00 target price for the company. Stephens restated an “overweight” rating and set a $22.00 target price (down from $24.00) on shares of Kimbell Royalty in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $22.00 target price on shares of Kimbell Royalty in a report on Monday, July 24th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $21.83.
Kimbell Royalty (NYSE:KRP) opened at 16.75 on Friday. The firm’s 50-day moving average price is $15.94 and its 200-day moving average price is $15.94. Kimbell Royalty has a 52-week low of $15.51 and a 52-week high of $20.89. The company’s market cap is $276.31 million.
Kimbell Royalty (NYSE:KRP) last announced its earnings results on Thursday, August 10th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). The business had revenue of $7.75 million during the quarter, compared to analyst estimates of $7.87 million. On average, equities analysts anticipate that Kimbell Royalty will post $0.18 EPS for the current year.
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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.
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