Kimbell Royalty Partners (NYSE:KRP – Get Free Report) announced its quarterly earnings results on Thursday. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13), Briefing.com reports. Kimbell Royalty Partners had a return on equity of 4.91% and a net margin of 10.74%. The company had revenue of $76.60 million for the quarter, compared to analyst estimates of $81.19 million. During the same quarter last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 26.0% on a year-over-year basis.
Kimbell Royalty Partners Stock Down 1.4 %
NYSE:KRP traded down $0.22 on Friday, hitting $15.75. The stock had a trading volume of 556,296 shares, compared to its average volume of 376,720. The company has a market cap of $1.50 billion, a PE ratio of 26.25, a P/E/G ratio of 1.41 and a beta of 1.13. Kimbell Royalty Partners has a 52 week low of $14.02 and a 52 week high of $17.11. The business’s fifty day moving average is $16.58 and its 200 day moving average is $15.97. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 0.42.
Kimbell Royalty Partners Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be paid a $0.42 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.68 annualized dividend and a dividend yield of 10.67%. Kimbell Royalty Partners’s dividend payout ratio is presently 326.67%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on KRP
Insider Transactions at Kimbell Royalty Partners
In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 50,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $16.52, for a total transaction of $826,000.00. Following the completion of the sale, the director now owns 249,030 shares in the company, valued at approximately $4,113,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by insiders.
Kimbell Royalty Partners Company Profile
Featured Stories
- Five stocks we like better than Kimbell Royalty Partners
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- What is a Bond Market Holiday? How to Invest and Trade
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What is the NASDAQ Stock Exchange?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Kimbell Royalty Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimbell Royalty Partners and related companies with MarketBeat.com's FREE daily email newsletter.