Media stories about Kimbell Royalty (NYSE:KRP) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimbell Royalty earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 45.5152224017181 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Critical Analysis: InterOil (IOC) versus KIMBELL ROYALTY (KRP) (americanbankingnews.com)
- $7.87 Million in Sales Expected for KIMBELL ROYALTY (KRP) This Quarter (americanbankingnews.com)
- Kimbell Royalty (KRP) Set to Announce Earnings on Thursday (americanbankingnews.com)
- Kimbell Royalty’s (NYSE:KRP) Lock-Up Period Will Expire Tomorrow (americanbankingnews.com)
Kimbell Royalty (NYSE:KRP) traded up 0.64% during midday trading on Friday, hitting $15.66. 18,442 shares of the company traded hands. The stock has a 50 day moving average price of $16.34 and a 200-day moving average price of $18.52. The company’s market cap is $255.76 million. Kimbell Royalty has a 12-month low of $15.06 and a 12-month high of $20.89.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.66%.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Kimbell Royalty from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Royal Bank Of Canada lifted their price target on shares of Kimbell Royalty from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, April 25th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.75.
In other Kimbell Royalty news, Director William H. Adams III bought 4,772 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were bought at an average price of $15.87 per share, for a total transaction of $75,731.64. Following the acquisition, the director now directly owns 5,072 shares of the company’s stock, valued at $80,492.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brett G. Taylor bought 4,687 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was acquired at an average price of $16.10 per share, for a total transaction of $75,460.70. Following the acquisition, the director now directly owns 23,646 shares in the company, valued at $380,700.60. The disclosure for this purchase can be found here. Insiders bought a total of 11,459 shares of company stock worth $183,572 in the last quarter.
About Kimbell Royalty
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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