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Kimbell Royalty (KRP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Kimbell Royalty (KRP) and Pembina Pipeline (PBA) have performed compared to their sector so far this year.
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 recorded.
Kimbell Royalty (KRP) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.23 per share a year ago.
Kimbell Royalty (KRP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Royalty interests present a lucrative opportunity for passive income from the popularity and demand for certain goods.
The consensus price target hints at a 26.7% upside potential for Kimbell Royalty (KRP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Kimbell Royalty (KRP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Kimbell Royalty (KRP) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.