Kimbell Royalty Partners (NYSE:KRP - Get Free Report) had its price target cut by stock analysts at KeyCorp from $21.00 to $20.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the energy company's stock. KeyCorp's price target would indicate a potential upside of 25.23% from the company's current price.

Separately, Truist Financial reduced their target price on Kimbell Royalty Partners from $23.00 to $21.00 and set a "buy" rating for the company in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kimbell Royalty Partners presently has an average rating of "Moderate Buy" and a consensus price target of $20.50.

View Our Latest Report on KRP

Shares of KRP opened at $15.97 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.68 and a current ratio of 5.68. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13. Kimbell Royalty Partners has a fifty-two week low of $14.26 and a fifty-two week high of $17.11. The firm has a 50-day simple moving average of $15.86 and a 200-day simple moving average of $16.19.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last released its earnings results on Thursday, August 1st. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). The business had revenue of $76.60 million for the quarter, compared to analyst estimates of $81.19 million. Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. The business's revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Kimbell Royalty Partners will post 0.83 earnings per share for the current year.

In related news, insider Blayne Rhynsburger sold 5,000 shares of the firm'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 value of $78,550.00. Following the completion of the transaction, the insider now directly owns 50,164 shares of the company's stock, valued at $788,076.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new position in Kimbell Royalty Partners in the 2nd quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Kimbell Royalty Partners during the second quarter valued at $43,000. Northwestern Mutual Wealth Management Co. increased its position in Kimbell Royalty Partners by 98.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company's stock worth $49,000 after purchasing an additional 1,484 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Kimbell Royalty Partners in the 2nd quarter valued at about $99,000. Finally, Bridgewealth Advisory Group LLC acquired a new position in Kimbell Royalty Partners in the 2nd quarter valued at about $165,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

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