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NYSE:KRPKimbell Royalty Partners Stock Price, Forecast & News

$7.23
-0.11 (-1.50 %)
(As of 05/29/2020 09:53 AM ET)
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Today's Range
$7.23
Now: $7.23
$7.38
50-Day Range
$5.37
MA: $6.54
$8.06
52-Week Range
$3.51
Now: $7.23
$17.72
Volume5,314 shs
Average Volume159,625 shs
Market Capitalization$432.28 million
P/E RatioN/A
Dividend Yield9.16%
Beta2.32
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 86,000 gross producing wells, including approximately 38,000 wells in the Permian Basin. Kimbell Royalty GP, LLC serves as the general partner of the company. Kimbell Royalty Partners, LP was founded in 2013 and is based in Fort Worth, Texas.
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Kimbell Royalty Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.81 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone817-945-9700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$108.22 million
Cash Flow$2.25 per share
Book Value$8.88 per share

Profitability

Net Income$-69,060,000.00

Miscellaneous

EmployeesN/A
Market Cap$432.28 million
Next Earnings Date8/13/2020 (Estimated)
OptionableNot Optionable

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Kimbell Royalty Partners (NYSE:KRP) Frequently Asked Questions

How has Kimbell Royalty Partners' stock been impacted by COVID-19 (Coronavirus)?

Kimbell Royalty Partners' stock was trading at $8.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, KRP stock has decreased by 12.4% and is now trading at $7.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Kimbell Royalty Partners?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Kimbell Royalty Partners.

When is Kimbell Royalty Partners' next earnings date?

Kimbell Royalty Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Kimbell Royalty Partners.

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners LP (NYSE:KRP) announced its quarterly earnings results on Thursday, May, 7th. The energy company reported ($1.29) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.01) by $1.28. The energy company earned $35.95 million during the quarter, compared to analyst estimates of $26.14 million. Kimbell Royalty Partners had a negative net margin of 91.23% and a positive return on equity of 5.97%. View Kimbell Royalty Partners' earnings history.

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 Tuesday, April 28th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.17 per share on Monday, May 11th. This represents a $0.68 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date is Friday, May 1st. View Kimbell Royalty Partners' dividend history.

What price target have analysts set for KRP?

9 brokers have issued 1-year price targets for Kimbell Royalty Partners' stock. Their forecasts range from $7.00 to $22.00. On average, they expect Kimbell Royalty Partners' stock price to reach $15.25 in the next twelve months. This suggests a possible upside of 107.8% from the stock's current price. View analysts' price targets for Kimbell Royalty Partners.

Has Kimbell Royalty Partners been receiving favorable news coverage?

News stories about KRP stock have been trending extremely negative on Friday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kimbell Royalty Partners earned a media sentiment score of -4.8 on InfoTrie's scale. They also gave news stories about the energy company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutKimbell Royalty Partners.

Are investors shorting Kimbell Royalty Partners?

Kimbell Royalty Partners saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 210,400 shares, an increase of 37.2% from the April 30th total of 153,400 shares. Based on an average daily trading volume, of 270,800 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the shares of the stock are sold short. View Kimbell Royalty Partners' Current Options Chain.

Who are some of Kimbell Royalty Partners' key competitors?

What other stocks do shareholders of Kimbell Royalty Partners own?

Who are Kimbell Royalty Partners' key executives?

Kimbell Royalty Partners' management team includes the following people:
  • Mr. Robert Dean Ravnaas, CEO & Chairman of Kimbell Royalty GP LLC (Age 61)
  • Mr. Brett G. Taylor, Exec. Vice Chairman of Kimbell Royalty GP LLC (Age 58)
  • Mr. Robert Davis Ravnaas, Pres & CFO of Kimbell Royalty GP LLC (Age 33)
  • Mr. Matthew S. Daly, COO & Sec. of Kimbell Royalty GP LLC (Age 46)
  • Mr. Jeff McInnis, Chief Commercial Officer of Kimbell Royalty GP LLC (Age 42)

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 $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."

Who are Kimbell Royalty Partners' major shareholders?

Kimbell Royalty Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Kohlberg Kravis Roberts & Co. L.P. (7.70%), Alyeska Investment Group L.P. (1.27%), Wellington Management Group LLP (0.63%), Raymond James & Associates (0.51%), Horizon Kinetics Asset Management LLC (0.48%) and TSP Capital Management Group LLC (0.42%). Company insiders that own Kimbell Royalty Partners stock include Brett G Taylor, Erik B Daugbjerg, Jeff Mcinnis, Kkr Upstream Associates Llc, Matthew S Daly, Minerals & Royalties Haymaker, Mitch S Wynne, Peter Alcorn, Robert D Ravnaas, Robert Davis Ravnaas, T Scott Martin and William H Adams III. View institutional ownership trends for Kimbell Royalty Partners.

Which institutional investors are selling Kimbell Royalty Partners stock?

KRP stock was sold by a variety of institutional investors in the last quarter, including Kohlberg Kravis Roberts & Co. L.P., Wellington Management Group LLP, Oppenheimer & Co. Inc., Raymond James & Associates, Morgan Stanley, and JPMorgan Chase & Co.. View insider buying and selling activity for Kimbell Royalty Partners.

Which institutional investors are buying Kimbell Royalty Partners stock?

KRP stock was bought by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Soros Fund Management LLC, Invesco Ltd., Raymond James Financial Services Advisors Inc., King Luther Capital Management Corp, Pin Oak Investment Advisors Inc., Harrell Investment Partners LLC, and Concorde Asset Management LLC. Company insiders that have bought Kimbell Royalty Partners stock in the last two years include Brett G Taylor, Erik B Daugbjerg, Jeff Mcinnis, Matthew S Daly, Mitch S Wynne, Peter Alcorn, Robert D Ravnaas, Robert Davis Ravnaas, T Scott Martin, and William H Adams III. View insider buying and selling activity for Kimbell Royalty Partners.

How do I buy shares of Kimbell Royalty Partners?

Shares of KRP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Kimbell Royalty Partners' stock price today?

One share of KRP stock can currently be purchased for approximately $7.34.

How big of a company is Kimbell Royalty Partners?

Kimbell Royalty Partners has a market capitalization of $438.86 million and generates $108.22 million in revenue each year. The energy company earns $-69,060,000.00 in net income (profit) each year or $3.37 on an earnings per share basis.

What is Kimbell Royalty Partners' official website?

The official website for Kimbell Royalty Partners is www.kimbellrp.com.

How can I contact Kimbell Royalty Partners?

Kimbell Royalty Partners' mailing address is 777 TAYLOR STREET SUITE 810, FORT WORTH TX, 76102. The energy company can be reached via phone at 817-945-9700 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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