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S&P 500   3,963.94
DOW   33,849.46
QQQ   282.71
Wall Street slips as lockdown protests spread in China
Why is Russia reopening dormant copper mines? (Ad)
China virus protests hit Hong Kong after mainland rallies
Is Snowflake Poised for A Rebound After Its Recent Tumble?
Why is Russia reopening dormant copper mines? (Ad)
Need To Cut Costs? Start With These 10 Money Saving Ideas
China’s Zero-COVID Restrictions Can’t Stop JD.com
Why is Russia reopening dormant copper mines? (Ad)
Check Into The Hotel Rebound With These Welcoming Stocks
Impeachment talk at Trump Org. trial: Did witness misspeak?
S&P 500   3,963.94
DOW   33,849.46
QQQ   282.71
Wall Street slips as lockdown protests spread in China
Why is Russia reopening dormant copper mines? (Ad)
China virus protests hit Hong Kong after mainland rallies
Is Snowflake Poised for A Rebound After Its Recent Tumble?
Why is Russia reopening dormant copper mines? (Ad)
Need To Cut Costs? Start With These 10 Money Saving Ideas
China’s Zero-COVID Restrictions Can’t Stop JD.com
Why is Russia reopening dormant copper mines? (Ad)
Check Into The Hotel Rebound With These Welcoming Stocks
Impeachment talk at Trump Org. trial: Did witness misspeak?
S&P 500   3,963.94
DOW   33,849.46
QQQ   282.71
Wall Street slips as lockdown protests spread in China
Why is Russia reopening dormant copper mines? (Ad)
China virus protests hit Hong Kong after mainland rallies
Is Snowflake Poised for A Rebound After Its Recent Tumble?
Why is Russia reopening dormant copper mines? (Ad)
Need To Cut Costs? Start With These 10 Money Saving Ideas
China’s Zero-COVID Restrictions Can’t Stop JD.com
Why is Russia reopening dormant copper mines? (Ad)
Check Into The Hotel Rebound With These Welcoming Stocks
Impeachment talk at Trump Org. trial: Did witness misspeak?

Kimbell Royalty Partners - KRP Stock Forecast, Price & News

$16.87
-0.23 (-1.35%)
(As of 11/28/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.82
$17.06
50-Day Range
$16.15
$19.62
52-Week Range
$12.68
$20.08
Volume
763,179 shs
Average Volume
585,492 shs
Market Capitalization
$1.09 billion
P/E Ratio
9.87
Dividend Yield
11.46%
Price Target
$21.40

Kimbell Royalty Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.9% Upside
$21.40 Price Target
Short Interest
Healthy
1.96% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$554,157 Sold Last Quarter
Proj. Earnings Growth
4.22%
From $1.66 to $1.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Oils/Energy Sector

54th out of 245 stocks

Crude Petroleum & Natural Gas Industry

27th out of 80 stocks

KRP stock logo

About Kimbell Royalty Partners (NYSE:KRP) Stock

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.

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KRP Stock News Headlines

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KRP Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 11/21 Dividend
11/10/2022
Dividend Payable
11/21/2022
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.40
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+26.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$33.94 million
Pretax Margin
54.54%

Debt

Sales & Book Value

Annual Sales
$135.62 million
Cash Flow
$1.11 per share
Book Value
$5.39 per share

Miscellaneous

Free Float
61,146,000
Market Cap
$1.09 billion
Optionable
Not Optionable
Beta
1.46

Key Executives

  • Mr. Robert Dean Ravnaas (Age 64)
    CEO & Chairman of Kimbell Royalty GP LLC
    Comp: $1.82M
  • Mr. Brett G. Taylor (Age 61)
    Exec. Vice Chairman of Kimbell Royalty GP LLC
    Comp: $250k
  • Mr. Robert Davis Ravnaas (Age 36)
    Pres & CFO of Kimbell Royalty GP LLC
    Comp: $1.66M
  • Mr. Matthew S. Daly (Age 49)
    COO & Sec. of Kimbell Royalty GP LLC
    Comp: $1.32M
  • Mr. R. Blayne Rhynsburger (Age 35)
    Controller of Kimbell Royalty GP LLC













KRP Stock - Frequently Asked Questions

Should I buy or sell Kimbell Royalty Partners stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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?

5 Wall Street analysts have issued 1-year target prices for Kimbell Royalty Partners' shares. Their KRP share price forecasts range from $18.00 to $25.00. On average, they anticipate the company's share price to reach $21.40 in the next year. This suggests a possible upside of 26.9% 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 2022?

Kimbell Royalty Partners' stock was trading at $13.63 at the beginning of 2022. Since then, KRP stock has increased by 23.8% and is now trading at $16.87.
View the best growth stocks for 2022 here
.

Are investors shorting Kimbell Royalty Partners?

Kimbell Royalty Partners saw a drop in short interest in October. As of October 31st, there was short interest totaling 1,350,000 shares, a drop of 16.1% from the October 15th total of 1,610,000 shares. Based on an average daily volume of 330,600 shares, the short-interest ratio is presently 4.1 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, February 23rd 2023.
View our KRP earnings forecast
.

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) announced its quarterly earnings results on Thursday, November, 3rd. The energy company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.28. The energy company earned $72.92 million during the quarter, compared to analyst estimates of $67.07 million. Kimbell Royalty Partners had a trailing twelve-month return on equity of 33.89% and a net margin of 47.75%.

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 Thursday, November 3rd. Stockholders of record on Monday, November 14th will be paid a dividend of $0.49 per share on Monday, November 21st. This represents a $1.96 dividend on an annualized basis and a yield of 11.62%. The ex-dividend date of this dividend is Thursday, November 10th.
Read our dividend analysis for KRP
.

Is Kimbell Royalty Partners a good dividend stock?

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.96 per share and currently has a dividend yield of 11.46%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 114.62%. 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 113.29% 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), Raytheon Technologies (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 $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 Encap Energy Capital Fund Viii L.P. (8.10%), Macquarie Group Ltd. (1.59%), Pin Oak Investment Advisors Inc. (0.78%), Epoch Investment Partners Inc. (0.78%), Raymond James Financial Services Advisors Inc. (0.65%) and King Luther Capital Management Corp (0.64%). Insiders that own company stock include Blayne Rhynsburger, Brett G Taylor, Erik B Daugbjerg, Kkr Upstream Associates Llc, Matthew S Daly, Mitch S Wynne, Pep I Holdings, Llc, Peter Alcorn, Robert D Ravnaas, Robert Davis Ravnaas and William H Adams III.
View institutional ownership trends
.

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 $16.87.

How much money does Kimbell Royalty Partners make?

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.09 billion and generates $135.62 million in revenue each year. The energy company earns $33.94 million in net income (profit) each year or $1.71 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 11/29/2022 by MarketBeat.com Staff