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Kimbell Royalty Partners - KRP Stock Forecast, Price & News

$16.15
-0.30 (-1.82%)
(As of 09/26/2022 05:20 PM ET)
Add
Compare
Today's Range
$16.08
$16.71
50-Day Range
$16.11
$18.30
52-Week Range
$12.68
$20.08
Volume
249,138 shs
Average Volume
343,313 shs
Market Capitalization
$1.05 billion
P/E Ratio
13.92
Dividend Yield
13.37%
Price Target
$21.40

Kimbell Royalty Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.7% Upside
$21.40 Price Target
Short Interest
Bearish
2.50% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.80mentions of Kimbell Royalty Partners in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$554,157 Sold Last Quarter
Proj. Earnings Growth
23.66%
From $1.31 to $1.62 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Oils/Energy Sector

52nd out of 254 stocks

Crude Petroleum & Natural Gas Industry

27th out of 81 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

Kimbell Royalty Partners declares $0.47 dividend
Analyst Ratings for Kimbell Royalty Partners
Kimbell Royalty Partners LP KRP
See More Headlines
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KRP Company Calendar

Last Earnings
8/04/2022
Ex-Dividend for 8/22 Dividend
8/12/2022
Dividend Payable
8/22/2022
Today
9/26/2022
Next Earnings (Confirmed)
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
$21.40
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+32.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$33.94 million
Pretax Margin
47.46%

Debt

Sales & Book Value

Annual Sales
$135.62 million
Cash Flow
$1.10 per share
Book Value
$5.39 per share

Miscellaneous

Free Float
61,146,000
Market Cap
$1.05 billion
Optionable
Not Optionable
Beta
1.52

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 year. 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 2022?

5 Wall Street research analysts have issued twelve-month price objectives for Kimbell Royalty Partners' shares. Their KRP share price forecasts range from $18.00 to $25.00. On average, they expect the company's stock price to reach $21.40 in the next year. This suggests a possible upside of 32.7% 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 start of the year. Since then, KRP stock has increased by 18.3% and is now trading at $16.13.
View the best growth stocks for 2022 here
.

Are investors shorting Kimbell Royalty Partners?

Kimbell Royalty Partners saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,590,000 shares, an increase of 8.2% from the July 31st total of 1,470,000 shares. Based on an average daily volume of 336,700 shares, the short-interest ratio is presently 4.7 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, November 3rd 2022.
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, November 3rd 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 "13732853#".

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) announced its earnings results on Thursday, August, 4th. The energy company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.25. The energy company had revenue of $72.71 million for the quarter, compared to the consensus estimate of $60.36 million. Kimbell Royalty Partners had a net margin of 41.55% and a trailing twelve-month return on equity of 25.19%.

How often does Kimbell Royalty Partners pay dividends? What is the dividend yield for Kimbell Royalty Partners?

Kimbell Royalty Partners declared a quarterly dividend on Thursday, August 4th. Investors of record on Monday, August 15th will be given a dividend of $0.55 per share on Monday, August 22nd. This represents a $2.20 annualized dividend and a yield of 13.64%. The ex-dividend date of this dividend is Friday, August 12th. This is a positive change 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 $2.20 per share and currently has a dividend yield of 13.37%. 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 189.66%. 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 135.80% 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 variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (2.67%), Macquarie Group Ltd. (2.05%), Goldman Sachs Group Inc. (1.46%), Pin Oak Investment Advisors Inc. (0.78%), King Luther Capital Management Corp (0.63%) and Wells Fargo & Company MN (0.45%). 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 $16.13.

How much money does Kimbell Royalty Partners make?

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.04 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?

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 9/26/2022 by MarketBeat.com Staff

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