Putting together a strong portfolio is more an art than a science. You have to balance share appreciation, potential upside, fundamental strength, and dividend yield to find the stock that will meet your needs. Do you want your investments to pay for themselves right away, or do you prefer a steady long-term gain? These are just a few of the factors to consider.It’s complicated by the sheer size of the stock markets. TipRanks tracks data on over 6,500 publicly traded stocks – and that’s just the tip of the iceberg. Fortunately, the Stock Screener tool makes it easy to find the right investment. Set the filters to sort out the stocks with a “Strong Buy” consensus rating, add in ‘very high’ dividend yields, above 5%, and you’ll get the list down to only a handful of names. Here are three of them that may be worth your attention.Enterprise Products Partners LP (EPD)The oil and gas midstream sector – that is, the companies that move the product between the wellheads, storage farms, terminals, and the customers – is a profitable niche. The companies here control pipelines, railroad assets, river barges, terminals, and storage tanks, as well as make it possible to move fossil fuels. Enterprise Products owns and operates 50,000 miles of such pipelines, and controls storage capacity for 160 million barrels of oil and 14 billion cubic feet of natural gas. Enterprise also holds import/export terminal facilities on the Gulf Coast of Texas.Low prices for oil and gas in 2019 hurt the company’s bottom line last year, but EPD appears to be holding up well. Even though the Q3 numbers missed the estimates, Q4, reported last week, was strong. Revenue came in above the forecast, at $8.01 billion, while the EPS of 54 cents was in-line with expectations. Both numbers are down year-over-year but up sequentially.Enterprise is committed to sharing profits with investors, and pays out a regular – and reliable – dividend. With a yield of 7%, the dividend provides a return more than three times higher than the S&P 500 average, while the 81% payout ratio indicates that it is sustainable for the company. EPD’s history of dividend reliability goes back over 10 years.5-star analyst TJ Schultz, of RBC Capital, sees EPD as a solid choice for investors. He writes, “EPD offers investors broad exposure to a full spectrum of the midstream value chains for NGLs and, increasingly, crude and petrochemical products. Furthermore, the partnership's multi-year organic growth backlog helps provide visibility on long-term distribution growth. EPD has grown and should continue to grow its fee-based cash flows as announced projects enter service and ramp.”Schultz puts a $36 price target on EPD, implying an impressive upside potential of 41%, to back up his Buy rating on the stock. (To watch Schultz’s track record, click here)Overall, EPD gets a Strong Buy from the analyst consensus, and that rating is unanimous. The stock has received 7 buy ratings in recent weeks. Shares are a bargain considering the high yield, priced at $25.56. The average price target of $34.50 suggests room for an upside of 35%. (See Enterprise Products stock analysis on TipRanks) Kimbell Royalty Partners LP (KRP)Kimbell Royalty is another player in the Texas oil boom, operating at the source. Kimbell owns oil and gas operations in 28 states, with major exploration, drilling, and extraction activity in the Permian Basin and Eagle Ford areas of Texas, North Dakota’s Bakken formation, and across Appalachia. Kimbell’s largest area of activity, which includes 43% of the company’s active wells, is in the Permian Basin of Texas.Where Enterprise, above, saw a tough time in 2H19, Kimbell posted record high revenue in Q3 of that year. The top line came in with a 79% year-over-year gain, to $33 million. In addition to high revenues, KRP was able to acquire two competing companies, Haymaker and Phillips, during the reporting period.Even better for investors, KRP has been using its positive cash flow generation to maintain a strong dividend. The company’s quarterly payment, 38 cents, annualizes to $1.52, for an impressive yield of 11.1%. That’s more than five times the average yield among S&P listed companies, and is powerful incentive for investors.Looking at Kimbell for KeyBanc, analyst Leo Mariani was impressed enough by the company’s performance to initiate coverage with a Buy rating. He cites, “…anticipated dividend increases in 2020 and the recent pullback in the shares…” as reasons to enter this stock.Mariani gives KRP an $18 price target to back the Buy rating, seeing room for 31% share growth here. (To watch Mariani’s track record, click here)The Strong Buy consensus view on KRP shares is bolstered by 8 recent reviews, including 7 Buys and 1 Hold. The stock sells for just $13.70, and the average price target of $20.14 suggests an upside potential of 47%. (See Kimbell stock analysis on TipRanks) New Mountain Finance Corporation (NMFC)The energy industry isn’t the only place to find great dividend yields. Investment management companies, which control and administer private and corporate investment portfolios for profit, by nature generate a high cash flow. New Mountain uses its cash flow to maintain a dividend, returning profits to investors.The dividend here is definitely worth talking about. NMFC pays out 34 cents per quarter, and has done so consistently since 2013. This gives a yield of 9.6% and an annualized payment of $1.36. The payout ratio is 98%, indicating that New Mountain returns all of its profits to investors – as expected, in an investment management company.Like Kimbell, above, New Mountain has attracted a new analyst thanks to its solid financial performance. Derek Hewett, from Merrill Lynch, writes in support of his Buy rating, “We see an attractive dividend yield, and believe New Mountain is well positioned to capitalize on a supply/demand imbalance in the unrated middle market.”Hewett’s price target, $14.50, suggests a modest upside of 2% in a stock that has already shown 4% appreciation so far this year. (To watch Hewett’s track record, click here)With 3 recent Buy reviews, NMFC’s Strong Buy analyst consensus rating is unanimous. The stock offers a low cost of entry, at $14.23, and the average price target of $14.58 implies room for another 2.5% growth. The real benefit here is the dividend return. (See New Mountain stock analysis on TipRanks)
Investors who can spot exorbitantly priced toxic stocks and abandon them at the right time are likely to maximize portfolio returns.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced financial and operating results for the fourth quarter ended December 31, 2019.
Markets had an amazing day yesterday; the Dow closed up 11.36%, while the S&P 500 gained 9.38%. The gains on the S&P reversed the indexes losses from the previous three trading sessions. It was clearly a bullish day, and gives hope that traders may yet be able to break the market swoon.Following the upbeat lead of the trading session, we’ve dipped into TipRanks’ Insiders Stocks tool, looking for purchase options that may otherwise fly under the radar. Our look into the database has brought up three stocks that have seen recent strong purchases from company insiders. All three are bargains and offer investors well over 100% upside potential, according to analysts. Let’s see what else makes these stocks worth a second look.Kimbell Royalty Partners (KRP)We’ll start in Texas’ oil patch, which despite crashing oil prices (both WTI and Brent have broken below $30 in the last two weeks, and WTI is selling for just $24.94) remains a major driver in the American oil industry. Kimbell Royalty owns and operates over 38,000 active wells across all of the major American oil regions, with 43% of its activity in the Texas Permian Basin.Just after the market crash, Kimbell reported its Q4 and FY2019 results. Revenues for both reporting periods were up year-over-year. Quarterly revenue came in at $27.2 million, up 18%, while full year revenue gained 64% to reach $107.5 million. Kimbell also announced another acquisition of a competitor, buying the oil and natural gas mineral rights from Springbok Energy Partners for $175 million.High earnings and a forward-looking acquisition strategy provide a solid base for Kimbell’s dividend, which the company is committed to maintaining. KRP has kept an ongoing policy of adjusting the regular quarterly payments to keep them affordable. The current dividend, 38 cents, was paid out in January and annualizes to $1.52, or an incredible 31% yield. The yield is high because the share price has been pushed down – but Kimbell’s reputation for paying is reliable, and quite frankly, there are few investments of any sort that can boast a 31% yield.In recent days, Kimbell has seen three major insider purchases. Robert Ravnaas, President and CFO, Matthew Daly, COO, and Board of Directors member Brett Taylor have all spent over $100,000 on blocks of KRP shares. The largest single purchase was Taylor’s, for $120,025. The purchases part of an insider buying spree that has totaled $379,500 in the past two weeks.Covering KRP for Credit Suisse, right after the Q4 announcement, analyst Betty Jiang wrote, “Overall a somewhat quiet quarter given they’d already announced Springbok acquisition and are waiting for the transaction to close before providing FY20 guidance. That said, given the continued acquisitive activity management remains very confident in the LT growth outlook of 3-6%. KRP is also seeing good growth on all facets of the broader portfolio… KRP continues to benefit from a best-in-class low PDP decline rate which helps insulate their growth outlook from the broader volatility in operator activity.”Jiang rates the stock a Buy, with a price target of $19. At current levels, that implies an upside of 320%. (To watch Jiang’s track record, click here)KRP shares have a Strong Buy rating from the analyst consensus, based on 5 Buy-side reviews against a single Hold. Shares are down to $4.52, and the $15.83 average price target suggests room for 250% upside growth in the next 12 months. (See Kimbell stock analysis on TipRanks)Catasys (CATS)Next on our list is a small-cap health management company based in California. Catasys manages a provider network for a variety of employer and union health plans – and sees no negative impact from the current coronavirus spread. In fact, according to Catasys’ Q4 earnings release, the economic impact of coronavirus on the company has been net positive. Sometimes, it pays to be in healthcare.The company uses AI to power a tracking platform, meant to facilitate health care plan members in treating behavioral health conditions – to prevent or ameliorate chronic medical conditions. Diabetes, hypertension, heart disease, and COPD are all serious conditions incurring high medical costs – but all can be addressed, at least in part, by less costly non-medical measures which Catasys’ platform encourages.CATS reported record enrollment up to March 2020, along with $35.1 million in full-year 2019 revenues. That revenue number represented 131% year-over-year annual growth. For Q4 alone, the $11.8 million in reported revenue was up 33% sequentially and 109% yoy. Expenses continued to exceed revenues, however, and CATS also reported a 52-cent per share net loss in Q4, far deeper than the 9-cent loss one year earlier.Catasys is also in the midst of upper management turnover, appointing a new CFO and a new EVP in recent weeks, with both appointments effective this month, after bringing in a new company President and COO this past December. That last appointment led to a major insider stock purchase when the new President, Curtis Medeiros, picked up two large blocks of shares, totaling over 40,000 shares, earlier this month. Medeiros bought the shares in two lots, spending just under $200,000 on each purchase. The buy is seen as a clear sign of management confidence in the company and stock.5-star analyst Richard Close, of Canaccord Genuity, rates this stock a Buy, with a $26 price target indicating a most impressive 138% upside potential. (To watch Close’s track record, click here.)In his comments on CATS, Close wrote, “As we called out following last week's 4Q'19 financial report, the re-vamped management team is applying their significant corporate experience to improve operational processes and workflows which should lead to improving enrollment, retention, new client sales, and ultimately significant sustained revenue growth and profitability.”Some stocks fly under the radar, and CATS is one of those. Close’s is the only recent analyst review of this company, and it is decidedly positive. (See Catasys stock analysis on TipRanks)Columbia Property Trust (CXP)Last on our list is a real estate investment trust (REIT), focused on office properties in major urban areas. The company’s main activities are located in New York, San Francisco, and Washington DC, with additional properties in Boston and Los Angeles. Columbia’s properties total 6.8 million square feet, with 97% of the portfolio leased out – and better, the company’s average lease has 6.4 years remaining.Columbia made two major acquisitions in 2019, a 235,000 square foot office building in Manhattan for $205.5 million, and a 252,000 square foot building in San Francisco for $238.9 million. CXP reported 8 cents per share in net income for the year, exceeding its full-year high-end guidance. The company’s operations supported a generous dividend, with the 21-cent quarterly payment annualizing to 84 cents, and giving a yield of 9.1%. That yield is more than four times the average dividend among S&P listed companies. At 61%, the payout ratio indicates that the dividend is stable and sustainable.Three company officers have made large stock purchases in the past two weeks. First was Jeff Gronning, CIO, who bought 9,500 shares for $148,975. His purchase was followed by two from Board member John Dixon, who bought two blocks of 5,000 shares each, for a total of $130,000. The last purchases, by company President and CEO Nelson Mills, totaled over $250,000. Mills picked up two blocks of, of 21,056 and 6,000 shares. The purchases, taken together, show that management is committed to the company.SunTrust Robinson, in a report that updates earlier comments by 5-star analyst Ki Bin Kim, keeps a Buy rating on CXP shares. The $23 price target implies an upside of $149. (To watch Kim’s track record, click here)Writing on the stock, Kim says, “We like CXP’s now more focused portfolio, catering largely to growing tech & media tenants. Investors will want to see management find a good balance in the use of JV structures and value-add development pursuits, and maintain comfortable financial leverage. The stock has been under pressure, like most office REITs, but we think it is relatively undervalued.”Columbia’s Moderate Buy analyst consensus rating is based on three reviews, including 2 Buys and 1 Hold. Shares are priced at a discount, just $10.22, and the average price target of $23 matches that of SunTrust. (See Columbia Property stock analysis on TipRanks)
Kimbell Royalty (KRP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced that the Board of Directors of Kimbell Royalty GP, LLC, Kimbell's general partner (the "Board of Directors") approved a cash distribution payment of 50% of projected cash available for distribution for the first quarter of 2020, or $0.17 per common unit. The distribution will be payable on May 11, 2020 to common unitholders of record at the close of business on May 4, 2020.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and gas mineral and royalty interests in approximately 13 million gross acres in 28 states, today announced that it has agreed to acquire the mineral and royalty interests held by Dallas-based Springbok Energy Partners, LLC ("SEP I") and Springbok Energy Partners II, LLC ("SEP II" and, collectively with SEP I, "Springbok") in a transaction valued at approximately $175 million, subject to purchase price adjustments (the "Acquisition"). The purchase price for the Acquisition is comprised of $95 million in cash (approximately 54% of the total consideration) and an aggregate of approximately 2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC, which are together valued at $80 million2 (approximately 46% of the total consideration). Kimbell intends to raise the cash portion of the purchase price through a combination of an underwritten public offering of common units (announced substantially concurrently with this release) and borrowings under its revolving credit facility. Kimbell estimates that, as of October 1, 2019, the Springbok assets produced 2,533 Boe/d (823 Bbl/d of oil, 279 Bbl/d of NGLs and 8,584 Mcf/d of natural gas) (6:1) with an average realized cash margin of $21.92 per Boe and included 2,160 net royalty acres. The Delaware Basin represents 29% of the rig activity included in the Acquisition. The Board of Directors of Kimbell's general partner and the governing bodies of the respective Springbok entities have each unanimously approved the Acquisition, which is expected to close in the second quarter of 2020, subject to customary closing conditions. The effective date of the Acquisition is October 1, 2019.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced that it has closed the previously announced purchase of the mineral and royalty interests held by Dallas-based Springbok Energy Partners, LLC ("SEP I") and Springbok Energy Partners II, LLC ("SEP II" and, together with SEP I, "Springbok") for a purchase price of approximately $123.1 million (the "Acquisition") funded by a combination of approximately $95 million in cash and approximately 2.2 million common units of Kimbell and approximately 2.5 million common units of Kimbell Royalty Operating, LLC. Kimbell is entitled to the cash flow from production attributable to the Acquisition beginning on and after October 1, 2019. Revenues and certain other operating statistics under generally accepted accounting principles ("GAAP") will be recorded for the Acquisition beginning on the closing date of April 17, 2020. As of March 31, 2020, the acreage acquired in the Acquisition had over 90 operators on 2,160 net royalty acres across core areas of the Delaware Basin, DJ Basin, Haynesville, STACK, Eagle Ford and other leading basins. In addition, for Q1 2020, Kimbell estimates that the Springbok assets produced 2,586 Boe/d (56% natural gas, 34% oil and 10% natural gas liquids) (6:1), an organic production growth increase of 2% from October 1, 2019.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced that the Board of Directors of Kimbell Royalty GP, LLC, its general partner, has approved a cash distribution of $0.38 per common unit for the fourth quarter of 2019. The distribution will be payable on February 10, 2020 to common unitholders of record at the close of business on February 3, 2020. Kimbell has a distribution policy to pay out all available cash (as defined in its partnership agreement) each quarter. Kimbell's distributions may vary based on certain factors including, but not limited to, the price of oil, natural gas and natural gas liquids and production from Kimbell's royalty assets, as well as cash needed for debt service obligations, fixed charges and reserves for future operating or capital needs.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced financial and operating results for the first quarter ended March 31, 2020.
U.S. oil and gas mineral companies represent lower risk than exploration and production (E&P) companies, while offering robust tax-efficient yields, according to KeyBanc Capital Markets. The Analyst Leo ...
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced its participation in the upcoming 25th Annual Credit Suisse Energy Summit in Vail, Colorado, on March 2-3, 2020.
Figuring out toxic stocks and abandoning them at the right time is the key to shield your portfolio from big losses. You can make profits by short selling them.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced it will release its fourth quarter 2019 financial results on Thursday, February 27, 2020, before the market opens. In conjunction with the release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern).
Zacks.com featured highlights include: Kimbell Royalty Partners, Switch, Sina and The Trade Desk
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its public offering of 5,000,000 common units representing limited partner interests, at a public offering price of $15.50 per common unit. The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $77.5 million. Certain selling unitholders of Kimbell have granted the underwriters an option to purchase up to 750,000 additional common units at the public offering price less the underwriting discount and commissions. The offering is expected to close on January 14, 2020, subject to customary closing conditions.
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell Royalty Partners" or "Kimbell"), a leading owner of oil and natural gas mineral and royalty interests across 28 states, today announced that Kimbell filed its Annual Report on Form 10-K ("Annual Report") for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission ("SEC"). Kimbell's Annual Report is available through its website at http://kimbellrp.investorroom.com/financial-reports, as well as on the SEC's website at www.sec.gov. Interested investors may obtain a hard copy of the Annual Report, including Kimbell's complete audited financial statements, free of charge, by sending a request to Kimbell, C/O Dennard Lascar Investor Relations, to: KRP@dennardlascar.com, or by telephone at (713) 529-6600.
It is now my pleasure to introduce your host, Rick Black of Investor Relations. Welcome to the Kimbell Royalty Partners conference call to review financial and operational results for the first quarter of 2020.
Zacks.com featured highlights include: Primo Water, Alteryx, Kimbell Royalty Partners and Square
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 94,000 gross producing wells across 28 states, today announced it will release its first quarter 2020 financial results on Thursday, May 7, 2020, before the market opens. In conjunction with the release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern).