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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There are currently 6 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 target for 2024?

7 equities research analysts have issued 12 month price objectives for Kimbell Royalty Partners' stock. Their KRP share price targets range from $19.00 to $25.00. On average, they anticipate the company's stock price to reach $20.86 in the next year. This suggests a possible upside of 30.8% 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 2024?

Kimbell Royalty Partners' stock was trading at $15.05 at the start of the year. Since then, KRP stock has increased by 6.0% and is now trading at $15.95. View the best growth stocks for 2024 here .

Are investors shorting Kimbell Royalty Partners?

Kimbell Royalty Partners saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,340,000 shares, an increase of 5.5% from the March 15th total of 1,270,000 shares. Based on an average daily trading volume, of 358,100 shares, the short-interest ratio is presently 3.7 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, May 2nd 2024. 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, May 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 "13745127#".

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) posted its quarterly earnings data on Wednesday, February, 21st. The energy company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.13. The energy company had revenue of $99.20 million for the quarter, compared to analyst estimates of $83.89 million. Kimbell Royalty Partners had a net margin of 20.45% and a trailing twelve-month return on equity of 8.98%. Kimbell Royalty Partners's revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

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, February 21st. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.43 per share on Wednesday, March 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date is Tuesday, March 12th. Read our dividend analysis for KRP .

Is Kimbell Royalty Partners a good dividend stock?

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.72 per share and currently has a dividend yield of 10.85%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 186.96%. 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 181.05% 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 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) , Multi-Asset Diversified Income Index Fund (MDIV) , Virtus Real Asset Income ETF (VRAI) . Global X SuperDividend ETF (SDIV) and

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?

Kimbell Royalty Partners (KRP) raised $100 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and Stephens and Wunderlich were co-managers.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:KRP

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

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$15.95

-0.05 (-0.31%)

(As of 04/18/2024 ET)

Compare

Today's Range: $15.90
▼
$16.12
50-Day Range: $15.08
▼
$16.31
52-Week Range: $14.02
▼
$17.11

Volume: 211,252 shs
Average Volume: 346,123 shs
Market Capitalization: $1.51 billion

P/E Ratio: 17.34
Dividend Yield: 10.78%
Price Target: $20.86

Get Kimbell Royalty Partners alerts:

Kimbell Royalty Partners MarketRank™ Stock Analysis

Analyst Rating: Buy
3.14 Rating Score
Upside/Downside: 30.8% Upside
$20.86 Price Target
Short Interest: Healthy
1.41% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.75
Based on 6 Articles This Week
Insider Trading: Selling Shares
$1.57 M Sold Last Quarter
Proj. Earnings Growth: 20.25%
From $0.79 to $0.95 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.04 out of 5 stars

Oils/Energy Sector

54th out of 226 stocks

Crude Petroleum & Natural Gas Industry

19th out of 73 stocks

3.6

Analyst's Opinion

Consensus Rating
Kimbell Royalty Partners has received a consensus rating of Buy. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Kimbell Royalty Partners has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.41% of the outstanding shares of Kimbell Royalty Partners have been sold short.
Short Interest Ratio / Days to Cover
Kimbell Royalty Partners has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Kimbell Royalty Partners has recently increased by 5.51%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Kimbell Royalty Partners is a leading dividend payer. It pays a dividend yield of 10.85%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Kimbell Royalty Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kimbell Royalty Partners is 186.96%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Kimbell Royalty Partners will have a dividend payout ratio of 181.05% in the coming year. This indicates that Kimbell Royalty Partners may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KRP.

3.2

News and Social Media Coverage

News Sentiment
Kimbell Royalty Partners has a news sentiment score of 0.75. 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 higher news sentiment than the 0.54 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Kimbell Royalty Partners this week, compared to 2 articles on an average week.
Search Interest
Only 28 people have searched for KRP on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
MarketBeat Follows
45 people have added Kimbell Royalty Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 165% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kimbell Royalty Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,571,185.00 in company stock.
Percentage Held by Insiders
Only 5.60% of the stock of Kimbell Royalty Partners is held by insiders.
Percentage Held by Institutions
Only 25.78% of the stock of Kimbell Royalty Partners is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Kimbell Royalty Partners are expected to grow by 20.25% in the coming year, from $0.79 to $0.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Kimbell Royalty Partners is 17.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kimbell Royalty Partners is 17.34, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.37.
Price to Book Value per Share Ratio
Kimbell Royalty Partners has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Kimbell Royalty Partners Stock (NYSE:KRP)

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. It serves as the general partner of the company. The company was incorporated in 2015 and is based in Fort Worth, Texas.

KRP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KRP Stock News Headlines

March 25, 2024 | marketbeat.com

5 Top-Rated Dividend Stocks With Double-Digit Upside (KRP)

Marketbeat.com's screening tool for top-rated dividend stocks is a great starting point for income investors looking for new investments opportunities.

March 21, 2024 | insidertrades.com

Blayne Rhynsburger Sells 6,487 Shares of Kimbell Royalty Partners, LP (NYSE:KRP) Stock

April 19, 2024 | American Alternative (Ad)

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March 20, 2024 | insidertrades.com

Brett G. Taylor Sells 27,163 Shares of Kimbell Royalty Partners, LP (NYSE:KRP) Stock

April 18, 2024 | americanbankingnews.com

Kimbell Royalty Partners, LP (NYSE:KRP) Short Interest Update

April 17, 2024 | incomeinvestors.com

Kimbell Royalty Partners Stock: Bullish 11%-Yielder Reported Record 2023 Results

April 14, 2024 | americanbankingnews.com

Kimbell Royalty Partners, LP (NYSE:KRP) Given Average Rating of "Buy" by Analysts

April 10, 2024 | seekingalpha.com

Kimbell Royalty Partners: 2024 Production Guidance May Be Conservative

April 19, 2024 | American Alternative (Ad)

Your Money is Not Safe

April 5, 2024 | benzinga.com

Analyst Expectations For Kimbell Royalty Partners's Future

April 3, 2024 | seekingalpha.com

Fat Dividend Stocks I Am Buying, Up To 10% Yield

March 25, 2024 | benzinga.com

Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields

March 22, 2024 | msn.com

FRO and KRP: 2 High-Yield Dividend Stocks with Upside Over 15%, According to Analysts

March 21, 2024 | finance.yahoo.com

Kimbell Royalty Partners Announces Date for First Quarter 2024 Earnings Release and Conference Call

March 16, 2024 | finance.yahoo.com

KRP Oct 2024 17.500 call

February 22, 2024 | finance.yahoo.com

Kimbell Royalty Partners, LP (NYSE:KRP) Q4 2023 Earnings Call Transcript

February 22, 2024 | markets.businessinsider.com

Here's what Wall Street expects from Kimbell Royalty Partners LP Partnership Units's earnings

February 22, 2024 | finance.yahoo.com

Q4 2023 Kimbell Royalty Partners LP Earnings Call

February 21, 2024 | finance.yahoo.com

Kimbell Royalty Partners Announces Filing of 2023 Annual Report on Form 10-K

February 21, 2024 | prnewswire.com

Kimbell Royalty Partners Announces Filing of 2023 Annual Report on Form 10-K

February 21, 2024 | msn.com

Kimbell Royalty Partners GAAP EPS of $0.14 misses by $0.10, revenue of $99.19M beats by $14.66M

February 21, 2024 | finance.yahoo.com

Kimbell Royalty Partners LP Reports Record Fourth Quarter and Full Year 2023 Results

February 21, 2024 | finance.yahoo.com

Kimbell Royalty Partners Announces Record Fourth Quarter and Full Year 2023 Results

February 21, 2024 | prnewswire.com

Kimbell Royalty Partners Announces Record Fourth Quarter and Full Year 2023 Results

February 20, 2024 | msn.com

Kimbell Royalty Partners Q4 2023 Earnings Preview

February 15, 2024 | morningstar.com

Kimbell Royalty Partners LP

January 30, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Kimbell Royalty Partners on Strong Financials and Strategic Industry Positioning

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Ex-Dividend for 3/20 Dividend: 3/12/2024
Dividend Payable: 3/20/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSE:KRP
CUSIP: N/A
CIK: 1657788
Web: www.kimbellrp.com
Phone: (817) 945-9700
Fax: N/A
Employees: 2,020
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.86
High Stock Price Target: $25.00
Low Stock Price Target: $19.00
Potential Upside/Downside: +30.8%
Consensus Rating: Buy
Rating Score (0-4): 3.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.92
Trailing P/E Ratio: 17.35
Forward P/E Ratio: 20.19
P/E Growth: N/A
Net Income: $66.54 million
Net Margins: 20.45%
Pretax Margin: 29.51%
Return on Equity: 8.98%
Return on Assets: 5.11%

Debt

Debt-to-Equity Ratio: 0.41
Current Ratio: 7.95
Quick Ratio: 7.95

Sales & Book Value

Annual Sales: $294.07 million
Price / Sales: 5.14
Cash Flow: $1.69 per share
Price / Cash Flow: 9.45
Book Value: $7.54 per share
Price / Book: 2.12

Miscellaneous

Outstanding Shares: 94,700,000
Free Float: 89,396,000
Market Cap: $1.51 billion
Optionable: Optionable
Beta: 1.08

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Key Executives

Mr. Robert Dean Ravnaas (Age 66)
Chairman of the Board & CEO of Kimbell Royalty GP LLC
Comp: $2.13M
Mr. Brett G. Taylor (Age 63)
Executive Vice Chairman of Kimbell Royalty GP LLC
Comp: $545k
Mr. Robert Davis Ravnaas (Age 38)
President & CFO of Kimbell Royalty GP LLC
Comp: $1.95M
Mr. Matthew S. Daly (Age 51)
COO & Secretary of Kimbell Royalty GP LLC
Comp: $1.5M
Mr. R. Blayne Rhynsburger (Age 37)
Controller of Kimbell Royalty GP LLC
Comp: $407.84k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KRP Stock Analysis - Frequently Asked Questions

Should I buy or sell Kimbell Royalty Partners stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There are currently 6 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 target for 2024?: 7 equities research analysts have issued 12 month price objectives for Kimbell Royalty Partners' stock. Their KRP share price targets range from $19.00 to $25.00. On average, they anticipate the company's stock price to reach $20.86 in the next year. This suggests a possible upside of 30.8% 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 2024?: Kimbell Royalty Partners' stock was trading at $15.05 at the start of the year. Since then, KRP stock has increased by 6.0% and is now trading at $15.95.
View the best growth stocks for 2024 here.
Are investors shorting Kimbell Royalty Partners?: Kimbell Royalty Partners saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,340,000 shares, an increase of 5.5% from the March 15th total of 1,270,000 shares. Based on an average daily trading volume, of 358,100 shares, the short-interest ratio is presently 3.7 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, May 2nd 2024.
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, May 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 "13745127#".
How were Kimbell Royalty Partners' earnings last quarter?: Kimbell Royalty Partners, LP (NYSE:KRP) posted its quarterly earnings data on Wednesday, February, 21st. The energy company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.13. The energy company had revenue of $99.20 million for the quarter, compared to analyst estimates of $83.89 million. Kimbell Royalty Partners had a net margin of 20.45% and a trailing twelve-month return on equity of 8.98%. Kimbell Royalty Partners's revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

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, February 21st. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.43 per share on Wednesday, March 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date is Tuesday, March 12th.
Read our dividend analysis for KRP.
Is Kimbell Royalty Partners a good dividend stock?: Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.72 per share and currently has a dividend yield of 10.85%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 186.96%. 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 181.05% 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 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), Multi-Asset Diversified Income Index Fund (MDIV), Virtus Real Asset Income ETF (VRAI).Global X SuperDividend ETF (SDIV) and
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?: Kimbell Royalty Partners (KRP) raised $100 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and Stephens and Wunderlich were co-managers.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KRP) was last updated on 4/19/2024 by MarketBeat.com Staff

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

Kimbell Royalty Partners MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Kimbell Royalty Partners Stock (NYSE:KRP)

KRP Stock Price History

KRP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

KRP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™