Kimbell Royalty Partners, LP (NYSE:KRP – Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 982,000 shares, a growth of 39.3% from the February 13th total of 705,100 shares. Based on an average daily volume of 942,300 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.1% of the shares of the company are sold short.
Analysts Set New Price Targets
A number of brokerages have issued reports on KRP. Bank of America decreased their target price on Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating for the company in a research report on Tuesday, March 4th. Truist Financial cut Kimbell Royalty Partners from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $16.00 in a research report on Tuesday, March 4th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd.
Get Our Latest Analysis on KRP
Institutional Inflows and Outflows
Kimbell Royalty Partners Stock Performance
Shares of KRP stock traded up $0.39 during trading hours on Friday, reaching $14.02. 742,492 shares of the company’s stock were exchanged, compared to its average volume of 1,106,728. Kimbell Royalty Partners has a fifty-two week low of $13.24 and a fifty-two week high of $17.07. The stock has a market capitalization of $1.50 billion, a P/E ratio of 27.48, a P/E/G ratio of 4.25 and a beta of 1.01. The business has a fifty day moving average price of $15.30 and a 200-day moving average price of $15.73. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40.
Kimbell Royalty Partners Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.42%. Kimbell Royalty Partners’s payout ratio is -1,454.55%.
Kimbell Royalty Partners Company Profile
See Also
- Five stocks we like better than Kimbell Royalty Partners
- Which Wall Street Analysts are the Most Accurate?
- How to Build the Ultimate Everything ETF Portfolio
- P/E Ratio Calculation: How to Assess Stocks
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- 5 discounted opportunities for dividend growth investors
- 3 Stocks With High ROE and Market-Beating Growth Potential
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.