Kimbell Royalty Partners (KRP) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRP shares.
View KRP analyst ratings or view top-rated stocks.

3 analysts have issued twelve-month price targets for Kimbell Royalty Partners' shares. Their KRP share price forecasts range from $20.00 to $22.00. On average, they anticipate the company's share price to reach $21.33 in the next twelve months. This suggests a possible upside of 39.0% from the stock's current price.
View analysts price targets for KRP or view top-rated stocks among Wall Street analysts.

Kimbell Royalty Partners' stock was trading at $16.70 at the beginning of 2023. Since then, KRP shares have decreased by 8.1% and is now trading at $15.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our KRP earnings forecast.

Kimbell Royalty Partners, LP (NYSE:KRP) posted its quarterly earnings data on Wednesday, August, 2nd. The energy company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.11. The energy company had revenue of $60.75 million for the quarter, compared to analysts' expectations of $53.46 million. Kimbell Royalty Partners had a trailing twelve-month return on equity of 19.44% and a net margin of 38.45%.

Kimbell Royalty Partners announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Monday, August 14th will be paid a dividend of $0.39 per share on Monday, August 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.16%. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for KRP.

ETFs with the largest weight of Kimbell Royalty Partners (NYSE:KRP) stock in their portfolio include GraniteShares HIPS US High Income ETF (HIPS), Virtus Real Asset Income ETF (VRAI) and Multi-Asset Diversified Income Index Fund (MDIV).

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.56 per share and currently has a dividend yield of 10.23%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 93.98%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, KRP will have a dividend payout ratio of 93.98% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KRP.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kimbell Royalty Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), Wells Fargo & Company (WFC), Pfizer (PFE), AbbVie (ABBV), Walt Disney (DIS), Enbridge (ENB), RTX (RTX) and New York Mortgage Trust (NYMT).

(KRP) raised $100 million in an initial public offering on Friday, February 3rd 2017. The company issued 5,000,000 shares at $19.00-$21.00 per share. Raymond James, RBC Capital Markets and Stifel served as the underwriters for the IPO and Stephens and Wunderlich were co-managers.

Kimbell Royalty Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "KRP."

Kimbell Royalty Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Epoch Investment Partners Inc. (2.27%), Raymond James & Associates (1.23%), Pin Oak Investment Advisors Inc. (0.73%), King Luther Capital Management Corp (0.57%), Raymond James Financial Services Advisors Inc. (0.49%) and Scout Investments Inc. (0.38%). Insiders that own company stock include Blayne Rhynsburger, Brett G Taylor, Erik B Daugbjerg, Kkr Upstream Associates Llc, Mitch S Wynne and Pep I Holdings, Llc.
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Shares of KRP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KRP stock can currently be purchased for approximately $15.35.

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.33 billion and generates $248.06 million in revenue each year. The energy company earns $111.97 million in net income (profit) each year or $1.66 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Kimbell Royalty Partners' mailing address is 777 TAYLOR STREET SUITE 810, FORT WORTH TX, 76102. The official website for the company is www.kimbellrp.com. The energy company can be reached via phone at (817) 945-9700 or via email at krp@dennardlascar.com.