S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
NYSE:KRP

Kimbell Royalty Partners - KRP Stock Forecast, Price & News

$17.96
+0.42 (+2.39%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$17.44
$17.96
50-Day Range
$15.15
$20.05
52-Week Range
$10.00
$20.08
Volume
226,611 shs
Average Volume
230,934 shs
Market Capitalization
$1.16 billion
P/E Ratio
15.48
Dividend Yield
10.72%
Price Target
$20.75

Kimbell Royalty Partners MarketRank™ Forecast

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
15.5% Upside
$20.75 Price Target
Short Interest
Healthy
1.98% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.21mentions of Kimbell Royalty Partners in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.73%
From $1.04 to $1.37 Per Share

Overall MarketRank

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

2.76 out of 5 stars

Oils/Energy Sector

52nd out of 344 stocks

Crude Petroleum & Natural Gas Industry

30th out of 114 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.

Kimbell Royalty Partners Price Performance

Shares of Kimbell Royalty Partners stock traded up $0.42 on Monday, hitting $17.96. 226,611 shares of the company traded hands, compared to its average volume of 360,485. The firm's 50-day simple moving average is $17.01 and its 200 day simple moving average is $16.57. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.16 billion, a P/E ratio of 15.29 and a beta of 1.55. Kimbell Royalty Partners has a 12-month low of $10.00 and a 12-month high of $20.08.

Kimbell Royalty Partners (NYSE:KRP - Get Rating) last released its earnings results on Thursday, May 5th. The energy company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $33.75 million for the quarter, compared to the consensus estimate of $43.73 million. Kimbell Royalty Partners had a net margin of 41.55% and a return on equity of 25.19%. Analysts expect that Kimbell Royalty Partners will post 1.04 earnings per share for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Monday, August 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date is Friday, August 12th. This is a boost from Kimbell Royalty Partners's previous quarterly dividend of $0.47. Kimbell Royalty Partners's dividend payout ratio (DPR) is presently 162.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KRP shares. TheStreet upgraded shares of Kimbell Royalty Partners from a "c+" rating to a "b" rating in a research note on Thursday. Raymond James increased their target price on shares of Kimbell Royalty Partners from $22.00 to $25.00 and gave the stock a "strong-buy" rating in a research note on Monday, April 25th. Stephens started coverage on shares of Kimbell Royalty Partners in a research note on Wednesday, April 13th. They issued an "overweight" rating and a $22.00 target price on the stock. Finally, KeyCorp increased their target price on shares of Kimbell Royalty Partners from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, April 11th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $20.75.

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.

KRP Stock News Headlines

Kimbell Royalty Partners declares $0.47 dividend
Analyst Ratings for Kimbell Royalty Partners
Kimbell Royalty Partners LP KRP
Kimbell Royalty Partners Q4 2021 Earnings Preview
See 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.

KRP Company Calendar

Last Earnings
11/04/2021
Today
8/09/2022
Ex-Dividend for 8/22 Dividend
8/12/2022
Dividend Payable
8/22/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$20.75
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+15.5%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$33.94 million
Pretax Margin
47.46%

Debt

Sales & Book Value

Annual Sales
$135.62 million
Cash Flow
$1.15 per share
Book Value
$5.39 per share

Miscellaneous

Free Float
61,146,000
Market Cap
$1.16 billion
Optionable
Not Optionable
Beta
1.55

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?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last year. There are currently 3 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 2022?

4 brokerages have issued 12-month price targets for Kimbell Royalty Partners' stock. Their KRP share price forecasts range from $18.00 to $25.00. On average, they expect the company's stock price to reach $20.75 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
View analysts price targets for KRP
or view top-rated stocks among Wall Street analysts.

How has Kimbell Royalty Partners' stock price performed in 2022?

Kimbell Royalty Partners' stock was trading at $13.63 at the beginning of the year. Since then, KRP stock has increased by 31.8% and is now trading at $17.96.
View the best growth stocks for 2022 here
.

Are investors shorting Kimbell Royalty Partners?

Kimbell Royalty Partners saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,370,000 shares, a decline of 22.6% from the June 15th total of 1,770,000 shares. Based on an average trading volume of 400,000 shares, the short-interest ratio is presently 3.4 days.
View Kimbell Royalty Partners' Short Interest
.

When is Kimbell Royalty Partners' next earnings date?

Kimbell Royalty Partners is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our KRP earnings forecast
.

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) released its quarterly earnings results on Thursday, November, 4th. The energy company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.08. The energy company earned $31.79 million during the quarter, compared to analysts' expectations of $38.62 million. Kimbell Royalty Partners had a trailing twelve-month return on equity of 25.19% and a net margin of 41.55%.

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, August 4th. Investors of record on Monday, August 15th will be paid a dividend of $0.55 per share on Monday, August 22nd. This represents a $2.20 annualized dividend and a yield of 12.25%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for KRP
.

Is Kimbell Royalty Partners a good dividend stock?

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.88 per share and currently has a dividend yield of 10.72%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 162.07%. 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 137.23% 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 (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.

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 variety of institutional and retail investors. Top institutional investors include Aptus Capital Advisors LLC (0.25%), Prospera Financial Services Inc (0.24%), CIBC Private Wealth Group LLC (0.23%), Meridian Wealth Advisors LLC (0.14%), TSP Capital Management Group LLC (0.12%) and Connor Clark & Lunn Investment Management Ltd. (0.11%). 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 $17.96.

How much money does Kimbell Royalty Partners make?

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.16 billion and generates $135.62 million in revenue each year. The energy company earns $33.94 million in net income (profit) each year or $1.16 on an earnings per share basis.

How many employees does Kimbell Royalty Partners have?

Kimbell Royalty Partners 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 8/9/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.