Zacks: Brokerages Anticipate Kimbell Royalty Partners LP (KRP) Will Announce Earnings of $0.09 Per Share

Brokerages expect Kimbell Royalty Partners LP (NYSE:KRP) to announce $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Kimbell Royalty Partners’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.11. The business is expected to issue its next earnings results before the market opens on Thursday, May 10th.

On average, analysts expect that Kimbell Royalty Partners will report full year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.59. For the next year, analysts anticipate that the firm will post earnings of $0.52 per share, with EPS estimates ranging from $0.32 to $0.64. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Kimbell Royalty Partners.

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Kimbell Royalty Partners (NYSE:KRP) last issued its earnings results on Thursday, March 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Kimbell Royalty Partners had a return on equity of 0.46% and a net margin of 3.99%. The company had revenue of $9.69 million during the quarter, compared to analyst estimates of $9.29 million.

A number of research firms recently weighed in on KRP. Zacks Investment Research cut Kimbell Royalty Partners from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. Stifel Nicolaus cut 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 Sunday, March 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Kimbell Royalty Partners has an average rating of “Hold” and a consensus price target of $20.00.

Hedge funds have recently added to or reduced their stakes in the stock. Lubar & Co. Inc acquired a new stake in Kimbell Royalty Partners during the 4th quarter valued at $796,000. Yorktown Energy Partners X L.P. acquired a new stake in Kimbell Royalty Partners during the 4th quarter valued at $15,042,000. King Luther Capital Management Corp increased its holdings in Kimbell Royalty Partners by 26.8% during the 4th quarter. King Luther Capital Management Corp now owns 66,649 shares of the energy company’s stock valued at $1,083,000 after purchasing an additional 14,099 shares in the last quarter. Homrich & Berg acquired a new stake in Kimbell Royalty Partners during the 4th quarter valued at $184,000. Finally, Deutsche Bank AG increased its holdings in Kimbell Royalty Partners by 1,034.7% during the 4th quarter. Deutsche Bank AG now owns 16,215 shares of the energy company’s stock valued at $262,000 after purchasing an additional 14,786 shares in the last quarter. 28.39% of the stock is owned by hedge funds and other institutional investors.

KRP stock opened at $19.34 on Friday. Kimbell Royalty Partners has a fifty-two week low of $15.06 and a fifty-two week high of $20.24. The firm has a market cap of $317.98, a P/E ratio of 148.77 and a beta of 1.56. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 0.12.

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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 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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