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NYSE:KRP

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

$15.25
-0.02 (-0.13%)
(As of 04:35 PM ET)
Compare
Today's Range
$15.25
$15.50
50-Day Range
$14.24
$15.81
52-Week Range
$13.85
$19.80
Volume
317,837 shs
Average Volume
372,001 shs
Market Capitalization
$1.32 billion
P/E Ratio
9.19
Dividend Yield
10.23%
Price Target
$21.33

Kimbell Royalty Partners MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
38.9% Upside
$21.33 Price Target
Short Interest
Healthy
0.67% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
26.72%
From $1.31 to $1.66 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Oils/Energy Sector

49th out of 229 stocks

Crude Petroleum & Natural Gas Industry

30th out of 74 stocks


KRP stock logo

About Kimbell Royalty Partners (NYSE:KRP) Stock

Kimbell 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.

KRP Price History

KRP Stock News Headlines

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Expert Ratings for Kimbell Royalty Partners
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Q2 2023 Kimbell Royalty Partners LP Earnings Call
4 Analysts Have This to Say About Kimbell Royalty Partners
KRP - Kimbell Royalty Partners, LP
See More Headlines
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KRP Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 8/21 Dividend
8/11/2023
Dividend Payable
8/21/2023
Today
9/22/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

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
$21.33
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+39.0%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$111.97 million
Pretax Margin
47.82%

Debt

Sales & Book Value

Annual Sales
$248.06 million
Cash Flow
$2.52 per share
Book Value
$8.80 per share

Miscellaneous

Free Float
81,525,000
Market Cap
$1.33 billion
Optionable
Not Optionable
Beta
1.32
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Key Executives

  • Mr. Robert Dean Ravnaas (Age 65)
    Chairman & CEO of Kimbell Royalty GP LLC
    Comp: $2M
  • Mr. Brett G. Taylor (Age 62)
    Exec. Vice Chairman of Kimbell Royalty GP LLC
    Comp: $250k
  • Mr. Robert Davis Ravnaas (Age 37)
    Pres & CFO of Kimbell Royalty GP LLC
    Comp: $1.77M
  • Mr. Matthew S. Daly (Age 50)
    COO & Sec. of Kimbell Royalty GP LLC
    Comp: $1.39M
  • Mr. R. Blayne Rhynsburger (Age 36)
    Controller of Kimbell Royalty GP LLC
    Comp: $387.14k













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 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.

What is Kimbell Royalty Partners' stock price forecast for 2023?

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.

How have KRP shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

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 were Kimbell Royalty Partners' earnings last quarter?

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%.

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. 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
.

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 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.

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 $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.

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 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.
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 $15.35.

How much money does Kimbell Royalty Partners make?

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.

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 9/22/2023 by MarketBeat.com Staff

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