A Closer Look at 4 Analyst Recommendations For Kimbell Royalty Partners
Across the recent three months, 4 analysts have shared their insights on Kimbell Royalty Partners (NYSE:KRP), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Kimbell Royalty Partners and provided 12-month price targets. The average target is $21.0, accompanied by a high estimate of $22.00 and a low estimate of $20.00. A 1.55% drop is evident in the current average compared to the previous average price target of $21.33.
Breaking Down Analyst Ratings: A Detailed Examination
The analysis of recent analyst actions sheds light on the perception of Kimbell Royalty Partners by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tim Rezvan | Keybanc | Raises | Overweight | $21.00 | $20.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $21.00 | $22.00 |
| Neal Dingmann | Truist Securities | Announces | Buy | $22.00 | - |
| John Freeman | Raymond James | Lowers | Strong Buy | $20.00 | $22.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Kimbell Royalty Partners. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Kimbell Royalty Partners compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Kimbell Royalty Partners's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Kimbell Royalty Partners's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
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Discovering Kimbell Royalty Partners: A Closer Look
Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Appalachian Basin, Eagle Ford, Bakken/Williston Basin, and DJ Basin/Rockies/Niobrara. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas, and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.
Kimbell Royalty Partners: Financial Performance Dissected
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Kimbell Royalty Partners displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 29.13%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 11.56%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Kimbell Royalty Partners's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.98%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Kimbell Royalty Partners's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.72%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.3.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.