NYSE:KRP Kimbell Royalty Partners (KRP) Stock Forecast, Price & News $16.00 +0.01 (+0.06%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$15.86▼$16.1350-Day Range$14.24▼$16.0052-Week Range$13.85▼$19.80Volume317,445 shsAverage Volume317,591 shsMarket Capitalization$1.38 billionP/E Ratio9.64Dividend Yield9.75%Price Target$21.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Kimbell Royalty Partners MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside33.3% Upside$21.33 Price TargetShort InterestHealthy0.74% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.24Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth26.72%From $1.31 to $1.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.50 out of 5 starsOils/Energy Sector58th out of 247 stocksCrude Petroleum & Natural Gas Industry33rd out of 81 stocks 3.7 Analyst's Opinion Consensus RatingKimbell Royalty Partners has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.33, Kimbell Royalty Partners has a forecasted upside of 33.3% from its current price of $16.00.Amount of Analyst CoverageKimbell Royalty Partners has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.74% of the outstanding shares of Kimbell Royalty Partners have been sold short.Short Interest Ratio / Days to CoverKimbell Royalty Partners has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Kimbell Royalty Partners has recently increased by 9.29%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipKimbell Royalty Partners is a leading dividend payer. It pays a dividend yield of 9.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthKimbell Royalty Partners does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Kimbell Royalty Partners is 93.98%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Kimbell Royalty Partners will have a dividend payout ratio of 93.98% in the coming year. This indicates that Kimbell Royalty Partners may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KRP. Previous Next 1.8 News and Social Media Coverage News SentimentKimbell Royalty Partners has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Kimbell Royalty Partners this week, compared to 2 articles on an average week.Search InterestOnly 18 people have searched for KRP on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Kimbell Royalty Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -55% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Kimbell Royalty Partners insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.60% of the stock of Kimbell Royalty Partners is held by insiders.Percentage Held by InstitutionsOnly 36.70% of the stock of Kimbell Royalty Partners is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Kimbell Royalty Partners are expected to grow by 26.72% in the coming year, from $1.31 to $1.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Kimbell Royalty Partners is 9.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.42.Price to Earnings Ratio vs. SectorThe P/E ratio of Kimbell Royalty Partners is 9.64, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.59.Price to Book Value per Share RatioKimbell Royalty Partners has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Kimbell Royalty Partners (NYSE:KRP) StockKimbell Royalty Partners, LP, together with its subsidiaries, engages in acquiring and owning mineral and royalty interests in oil and natural gas properties in the United States. The company serves as the general partner of the company. Kimbell Royalty Partners, LP was incorporated in 2015 and is based in Fort Worth, Texas.Read More KRP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KRP Stock News HeadlinesSeptember 28, 2023 | finance.yahoo.comKimbell Royalty Partners Announces Date for Third Quarter 2023 Earnings Release and Conference CallSeptember 27, 2023 | seekingalpha.comKimball Royalty Partners files to sell 21.57M units for holdersOctober 1, 2023 | Behind the Markets (Ad)The World's First "$20 Trillion Drug?" One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see 113,000% gains! Get the name of the stock here >>>September 27, 2023 | finance.yahoo.comThese 10%-Yielding Dividend Stocks Look Very Attractive Right Now, Analysts SayAugust 28, 2023 | theglobeandmail.com2 High-Yield Dividend Energy Stocks to Add to Your PortfolioAugust 25, 2023 | markets.businessinsider.comExpert Ratings for Kimbell Royalty PartnersAugust 11, 2023 | chron.comKimbell Royalty Partners announces $455 million acquisitionAugust 9, 2023 | markets.businessinsider.comAnalysts Conflicted on These NA Names: Hammerhead Energy (HHRS), Pembina Pipeline (PBA) and Kimbell Royalty Partners (KRP)October 1, 2023 | Behind the Markets (Ad)The World's First "$20 Trillion Drug?" One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see 113,000% gains! Get the name of the stock here >>>August 3, 2023 | msn.comKimbell Royalty Partners down 8%, prices $101.5M offeringAugust 3, 2023 | msn.comKimbell Royalty Partners: Yield May Reach 13% In 2024 With 75% Payout RatioAugust 3, 2023 | markets.businessinsider.comHere's what Wall Street expects from Kimbell Royalty Partners LP Partnership Units's earnings reportAugust 3, 2023 | msn.comKimbell Royalty launches 6M-unit offering; buys Permian, Mid-Con assets for $455MAugust 3, 2023 | finance.yahoo.comQ2 2023 Kimbell Royalty Partners LP Earnings CallAugust 2, 2023 | finance.yahoo.comKimbell Royalty Partners Announces Record Second Quarter 2023 ResultsJuly 26, 2023 | finance.yahoo.comEarnings Preview: Kimbell Royalty (KRP) Q2 Earnings Expected to DeclineJuly 24, 2023 | finance.yahoo.comKimbell Royalty Partners Announces Date for Second Quarter 2023 Earnings Release and Conference CallJuly 14, 2023 | incomeinvestors.comKimbell Royalty Partners Stock: 12.8%-Yielder Hasn’t Missed Quarterly Payout Since IPOJuly 8, 2023 | msn.comRaymond James Maintains Kimbell Royalty Partners LP - Units (KRP) Strong Buy RecommendationJuly 7, 2023 | markets.businessinsider.com4 Analysts Have This to Say About Kimbell Royalty PartnersJune 28, 2023 | finance.yahoo.comKimbell Royalty Partners Announces Timing of Second Quarter 2023 Earnings Release and Conference CallJune 23, 2023 | finance.yahoo.comKRP - Kimbell Royalty Partners, LPJune 8, 2023 | benzinga.comKimbell Royalty Partners Director Sold $297K In Company StockMay 28, 2023 | seekingalpha.comKimbell Royalty Partners: Recent Acquisition Adds Nearly 20% To Distributable Cash Flow Per UnitMay 18, 2023 | msn.comKimbell Royalty Partners hikes full-year production guidance after closing dealMay 18, 2023 | finance.yahoo.comKimbell Royalty Partners Boosts 2023 Production GuidanceMay 17, 2023 | finance.yahoo.comKimbell Royalty Partners Closes $141 Million Midland Basin Mineral and Royalty AcquisitionSee More Headlines Receive KRP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Kimbell Royalty Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address KRP Company Calendar Last Earnings8/02/2023Ex-Dividend for 8/21 Dividend8/11/2023Dividend Payable8/21/2023Today10/01/2023Next Earnings (Confirmed)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:KRP CUSIPN/A CIK1657788 Webwww.kimbellrp.com Phone(817) 945-9700FaxN/AEmployees2,020Year FoundedN/APrice Target and Rating Average Stock Price Forecast$21.33 High Stock Price Forecast$22.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+33.3%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.66 Trailing P/E Ratio9.64 Forward P/E Ratio12.21 P/E GrowthN/ANet Income$111.97 million Net Margins38.45% Pretax Margin47.82% Return on Equity19.44% Return on Assets10.68% Debt Debt-to-Equity Ratio0.41 Current Ratio6.97 Quick Ratio6.97 Sales & Book Value Annual Sales$248.06 million Price / Sales5.57 Cash Flow$2.50 per share Price / Cash Flow6.39 Book Value$8.80 per share Price / Book1.82Miscellaneous Outstanding Shares86,360,000Free Float81,525,000Market Cap$1.38 billion OptionableNot Optionable Beta1.32 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Robert Dean Ravnaas (Age 65)Chairman & CEO of Kimbell Royalty GP LLC Comp: $2MMr. Brett G. Taylor (Age 62)Exec. Vice Chairman of Kimbell Royalty GP LLC Comp: $250kMr. Robert Davis Ravnaas (Age 37)Pres & CFO of Kimbell Royalty GP LLC Comp: $1.77MMr. Matthew S. Daly (Age 50)COO & Sec. of Kimbell Royalty GP LLC Comp: $1.39MMr. R. Blayne Rhynsburger (Age 36)Controller of Kimbell Royalty GP LLC Comp: $387.14kKey CompetitorsDorchester MineralsNASDAQ:DMLPVital EnergyNYSE:VTLEHess MidstreamNYSE:HESMGranite Ridge ResourcesNYSE:GRNTTETRA TechnologiesNYSE:TTIView All CompetitorsInsiders & InstitutionsBarclays PLCBought 10,523 shares on 9/21/2023Ownership: 0.012%California State Teachers Retirement SystemBought 4,135 shares on 8/21/2023Ownership: 0.060%Osaic Holdings Inc.Bought 8,885 shares on 8/21/2023Ownership: 0.034%Imprint Wealth LLCBought 11,032 shares on 8/17/2023Ownership: 0.013%Centaurus Financial Inc.Sold 1,277 shares on 8/15/2023Ownership: 0.015%View All Insider TransactionsView All Institutional Transactions KRP Stock - Frequently Asked Questions Should I buy or sell Kimbell Royalty Partners stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last year. 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. What is Kimbell Royalty Partners' stock price forecast for 2023? 3 equities research analysts have issued 1 year price objectives for Kimbell Royalty Partners' shares. Their KRP share price forecasts range from $20.00 to $22.00. On average, they predict the company's share price to reach $21.33 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price. View analysts price targets for KRP or view top-rated stocks among Wall Street analysts. How have KRP shares performed in 2023? Kimbell Royalty Partners' stock was trading at $16.70 at the beginning of 2023. Since then, KRP stock has decreased by 4.2% and is now trading at $16.00. View the best growth stocks for 2023 here. Are investors shorting Kimbell Royalty Partners? Kimbell Royalty Partners saw a increase in short interest in September. As of September 15th, there was short interest totaling 635,100 shares, an increase of 9.3% from the August 31st total of 581,100 shares. Based on an average trading volume of 401,000 shares, the short-interest ratio is presently 1.6 days. View Kimbell Royalty Partners' Short Interest. When is Kimbell Royalty Partners' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. View our KRP earnings forecast. How can I listen to Kimbell Royalty Partners' earnings call? Kimbell Royalty Partners will be holding an earnings conference call on Thursday, November 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13735461#". How were Kimbell Royalty Partners' earnings last quarter? Kimbell Royalty Partners, LP (NYSE:KRP) released its quarterly earnings data on Wednesday, August, 2nd. The energy company reported $0.23 earnings per share for the quarter, beating 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%. How often does Kimbell Royalty Partners pay dividends? What is the dividend yield for Kimbell Royalty Partners? Kimbell Royalty Partners announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Monday, August 14th will be given a dividend of $0.39 per share on Monday, August 21st. This represents a $1.56 annualized dividend and a dividend yield of 9.75%. The ex-dividend date is Friday, August 11th. This is a positive change from the stock's previous quarterly dividend of $0.35. Read our dividend analysis for KRP. What ETFs hold Kimbell Royalty Partners' stock? 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). Is Kimbell Royalty Partners a good dividend stock? Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.56 per share and currently has a dividend yield of 9.75%. 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. What other stocks do shareholders of Kimbell Royalty Partners own? 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). When did Kimbell Royalty Partners IPO? (KRP) raised $100 million in an initial public offering on Friday, February 3rd 2017. The company issued 5,000,000 shares at a price of $19.00-$21.00 per share. Raymond James, RBC Capital Markets and Stifel acted as the underwriters for the IPO and Stephens and Wunderlich were co-managers. What is Kimbell Royalty Partners' stock symbol? Kimbell Royalty Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "KRP." How do I buy shares of Kimbell Royalty Partners? 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. Compare Top Brokerages Here. What is Kimbell Royalty Partners' stock price today? One share of KRP stock can currently be purchased for approximately $16.00. How much money does Kimbell Royalty Partners make? Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.38 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. How many employees does Kimbell Royalty Partners have? The company employs 2,020 workers across the globe. How can I contact Kimbell Royalty Partners? 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. This page (NYSE:KRP) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Kimbell Royalty Partners, LP Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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