Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Kimbell Royalty (KRP) due to higher revenues, with actual results being crucial for stock price movement [1][2] Earnings Expectations - Kimbell Royalty is expected to report quarterly earnings of $0.21 per share, reflecting a year-over-year increase of +10.5% [3] - Revenues are projected to be $79.66 million, which is an 18.5% increase from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 29.03% over the last 30 days, indicating a reassessment by analysts [4] - A positive Earnings ESP of +1.21% suggests recent bullish sentiment among analysts, although the stock holds a Zacks Rank of 4, complicating predictions of an earnings beat [10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a strong Zacks Rank [8] - However, a negative Earnings ESP does not necessarily indicate an earnings miss, making predictions less reliable for stocks with a negative reading [9] Historical Performance - Kimbell Royalty has not surpassed consensus EPS estimates in the last four quarters, with a significant miss of -54.17% in the last reported quarter [11][12] Conclusion - Kimbell Royalty does not appear to be a strong candidate for an earnings beat, and investors should consider other factors before making decisions regarding the stock [15]

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Kimbell Royalty (KRP) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Kimbell Royalty (KRP) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Kimbell Royalty is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in te ...

Kimbell Royalty Partners, LP (NYSE:KRP) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants Rick Black - IR Bob Ravnaas - Chairman & CEO Davis Ravnaas - President & CFO Matt Daly - COO Blayne Rhynsburger - Controller Conference Call Participants Tim Rezvan - KeyBanc Capital Markets Julian Broche - Truist Securities Operator Greetings, and welcome to Kimbell Royalty Partners Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being re ...

Core Viewpoint - Analysts' price targets may not be reliable indicators for investors, as they often set overly optimistic targets influenced by business relationships and incentives [1][8][9] Group 1: Analysts' Price Targets - Analysts possess deep knowledge of company fundamentals but frequently exhibit a tendency to set inflated price targets [2] - A low standard deviation in price targets suggests strong agreement among analysts regarding stock price movements, which can serve as a starting point for further research [3][5] - The average price target for Kimbell Royalty (KRP) is $21.17, indicating a potential upside of 26.7% from its current price of $16.71 [4] Group 2: Earnings Estimates and Upside Potential - Strong consensus among analysts regarding KRP's earnings prospects supports the expectation of stock upside, as trends in earnings estimate revisions correlate with near-term stock price movements [6][10] - Over the past 30 days, one earnings estimate for KRP has increased, leading to a 16.9% rise in the Zacks Consensus Estimate [11] Group 3: Zacks Rank and Investment Implications - KRP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating solid potential for upside [14] - While consensus price targets may not reliably predict the extent of KRP's gains, they can provide guidance on the direction of price movement [14]

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: Investors have been betting on Kimbell Royalty because of its solid estimate revisions, as evident from the stock's 6% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away. The company is expected to earn $0.92 per share for the full year, which represents a change of +1.1% from the prior-year number. Analysts' growing optimism ...

Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened ...

FORT WORTH, Texas, June 4, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 129,000 gross wells across 28 states, today announced that it will release its second quarter 2024 financial results on Thursday, August 1, 2024, before the market opens. Kimbell will also declare its second quarter 2024 distribution concurrent with this release. In conjunction with the earnings release, Kimbell has scheduled ...

FORT WORTH, Texas, May 20, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) is saddened to announce the passing of board member Ben J. Fortson. Mr. Fortson had nearly 60 years of experience in the oil and gas industry and served as President and Chief Executive Officer of Fortson Oil Company since 1986. He also served as Chief Investment Officer and Executive Vice President of the Kimbell Art Foundation since 1975. Mr. Fortson began investing in oil and natural gas minerals and royalties in the ...