New insider activity at Kimbell Royalty Partners ( (KRP) ) has taken place on March 20, 2025.
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Controller Blayne Rhynsburger recently executed a significant transaction by selling 7,851 shares of Kimbell Royalty Partners stock. This sale amounted to a total value of $108,814.
Recent Updates on KRP stock
In the last 24 hours, Kimbell Royalty Partners has experienced several analyst downgrades and price target reductions. Truist downgraded the stock to Hold from Buy, citing concerns over volatile per share growth and a high earnings multiple, alongside worries about lower potential activity if commodity prices remain weak, which could lead to reduced distributions. BofA lowered its price target due to lower production guidance and the stock’s recent underperformance in the oil and gas sector, highlighting risks from preferred equity and a backwardated oil curve affecting future distributions. Raymond James also downgraded the stock, pointing to near-term headwinds from series A redemptions and more attractive yield opportunities elsewhere, with a weaker production outlook and lower commodity strip impacting future distributions. Despite these challenges, Kimbell reported record production levels for Q4 2024 and announced a significant acquisition, maintaining a strong balance sheet and setting ambitious production targets for 2025.
More about Kimbell Royalty Partners
YTD Price Performance: -11.34%
Average Trading Volume: 1,019,105
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.77B