Companies Reporting Before The Bell
• Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.
Kimbell Royalty Partners (NYSE:KRP) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.27 by 62.96 percent. This is a 126.51 percent increase over losses of $(1.66) per share
Wells Fargo analyst Joseph McKay upgrades Kimbell Royalty Partners (NYSE:KRP) from Equal-Weight to Overweight and raises the price target from $15 to $18.
Expected to be immediately accretive to distributable cash flow per unit, diverse acquired acreage highlighted by over 26,000 gross producing wells and a core position in the Permian Basin, expected to increase run-rate