Kimbell Royalty Partners - KRP Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There are currently 1 hold rating, 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.
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4 brokers have issued 1-year target prices for Kimbell Royalty Partners' stock. Their KRP share price forecasts range from $18.00 to $24.00. On average, they predict the company's stock price to reach $21.75 in the next year. This suggests a possible upside of 51.5% from the stock's current price.
View analysts price targets for KRP or view top-rated stocks among Wall Street analysts.

Kimbell Royalty Partners' stock was trading at $16.70 at the beginning of 2023. Since then, KRP shares have decreased by 14.0% and is now trading at $14.36.
View the best growth stocks for 2023 here.

Kimbell Royalty Partners saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 987,500 shares, an increase of 8.3% from the February 13th total of 911,600 shares. Based on an average trading volume of 398,600 shares, the days-to-cover ratio is currently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our KRP earnings forecast.

Kimbell Royalty Partners, LP (NYSE:KRP) released its earnings results on Thursday, February, 23rd. The energy company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.19. The energy company had revenue of $68.67 million for the quarter, compared to analysts' expectations of $54.79 million. Kimbell Royalty Partners had a trailing twelve-month return on equity of 30.25% and a net margin of 47.32%.

Kimbell Royalty Partners announced a quarterly dividend on Thursday, February 23rd. Investors of record on Thursday, March 9th will be given a dividend of $0.48 per share on Thursday, March 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 13.37%. The ex-dividend date of this dividend is Wednesday, March 8th.
Read our dividend analysis for KRP.

ETFs with the largest weight of Kimbell Royalty Partners (NYSE:KRP) stock in their portfolio include Virtus Real Asset Income ETF (VRAI), First Trust Multi-Asset Diversified Income Index Fund (MDIV), Arrow Dow Jones Global Yield ETF (GYLD), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Global X SuperDividend ETF (SDIV), Invesco Raymond James SB-1 Equity ETF (RYJ), FT Energy Income Partners Strategy ETF (EIPX) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.92 per share and currently has a dividend yield of 13.36%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 109.71%. 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 162.71% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KRP.

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).

(KRP) raised $100 million in an 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 acted as the underwriters for the IPO and Stephens and Wunderlich were co-managers.

Kimbell Royalty Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "KRP."

Kimbell Royalty Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include EnCap Energy Capital Fund VIII L.P. (6.93%), T. Rowe Price Investment Management Inc. (3.72%), Mill Road Capital Management LLC (2.04%), Epoch Investment Partners Inc. (2.03%), Macquarie Group Ltd. (1.80%) and CIBC Private Wealth Group LLC (0.99%). 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 and Robert D Ravnaas.
View institutional ownership trends.

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.
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One share of KRP stock can currently be purchased for approximately $14.36.

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $941.15 million and generates $248.06 million in revenue each year. The energy company earns $111.97 million in net income (profit) each year or $1.75 on an earnings per share basis.

The company employs 2,020 workers across the globe.

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.