Kimbell Royalty Partners, LP (KRP) To Go Ex-Dividend on March 18th

Kimbell Royalty Partners, LP (NYSE:KRP) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.40 per share by the energy company on Tuesday, March 25th. This represents a $1.60 dividend on an annualized basis and a yield of 11.42%. The ex-dividend date of this dividend is Tuesday, March 18th.

Kimbell Royalty Partners has a dividend payout ratio of 109.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Kimbell Royalty Partners to earn $1.01 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 154.5%.

Kimbell Royalty Partners Price Performance

NYSE KRP opened at $14.02 on Friday. The business has a 50 day simple moving average of $15.30 and a 200 day simple moving average of $15.73. Kimbell Royalty Partners has a 52-week low of $13.24 and a 52-week high of $17.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 4.25 and a beta of 1.01.

Analyst Ratings Changes

A number of research firms have weighed in on KRP. Bank of America reduced their price target 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. Raymond James reaffirmed a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Finally, Truist Financial downgraded Kimbell Royalty Partners from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $16.00 in a research report on Tuesday, March 4th.

Kimbell Royalty Partners Company Profile