Kimbell Royalty Partners Stock Forecast, Price & News

$11.53
+0.01 (+0.09 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$11.40
$11.66
50-Day Range
$11.53
$13.15
52-Week Range
$5.57
$13.34
Volume280,775 shs
Average Volume261,559 shs
Market Capitalization$697.91 million
P/E RatioN/A
Dividend Yield9.37%
Beta2.1
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Kimbell Royalty Partners logo

About Kimbell Royalty Partners

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 February 26, 2021, the company owned mineral and royalty interests in approximately 13 million gross acres and overriding royalty interests in approximately 4.6 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 97,000 gross producing wells, including approximately 41,000 wells in the Permian Basin. Kimbell Royalty GP, LLC serves as the general partner of the company. Kimbell Royalty Partners, LP was founded in 2013 and is based in Fort Worth, Texas.

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MarketRank

Overall MarketRank

2.25 out of 5 stars

Oils/Energy Sector

50th out of 237 stocks

Crude Petroleum & Natural Gas Industry

22nd out of 79 stocks

Analyst Opinion: 2.5Community Rank: 4.8Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Kimbell Royalty Partners (NYSE:KRP) Frequently Asked Questions

Is Kimbell Royalty Partners a buy right now?

5 Wall Street 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 analysts is that investors should "buy" Kimbell Royalty Partners stock.
View analyst ratings for Kimbell Royalty Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Kimbell Royalty Partners?

Wall Street analysts have given Kimbell Royalty Partners a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Kimbell Royalty Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Kimbell Royalty Partners' next earnings date?

Kimbell Royalty Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Kimbell Royalty Partners
.

How can I listen to Kimbell Royalty Partners' earnings call?

Kimbell Royalty Partners will be holding an earnings conference call on Thursday, August 5th 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 "13720589#".

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) posted its quarterly earnings results on Thursday, May, 6th. The energy company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.04. The energy company had revenue of $22.42 million for the quarter, compared to analyst estimates of $30.95 million. Kimbell Royalty Partners had a positive trailing twelve-month return on equity of 3.94% and a negative net margin of 165.26%.
View Kimbell Royalty Partners' earnings history
.

How has Kimbell Royalty Partners' stock been impacted by Coronavirus (COVID-19)?

Kimbell Royalty Partners' stock was trading at $8.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, KRP shares have increased by 37.6% and is now trading at $11.53.
View which stocks have been most impacted by COVID-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 Friday, July 23rd. Investors of record on Monday, August 2nd will be paid a dividend of $0.31 per share on Monday, August 9th. This represents a $1.24 annualized dividend and a dividend yield of 10.75%. The ex-dividend date is Friday, July 30th. This is a positive change from Kimbell Royalty Partners's previous quarterly dividend of $0.27.
View Kimbell Royalty Partners' dividend history
.

Is Kimbell Royalty Partners a good dividend stock?

Kimbell Royalty Partners pays an annual dividend of $1.08 per share and currently has a dividend yield of 9.13%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Kimbell Royalty Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Kimbell Royalty Partners is 118.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Kimbell Royalty Partners will have a dividend payout ratio of 276.92% in the coming year. This indicates that Kimbell Royalty Partners may not be able to sustain their current dividend.
View Kimbell Royalty Partners' dividend history.

What price target have analysts set for KRP?

5 analysts have issued 1-year target prices for Kimbell Royalty Partners' shares. Their forecasts range from $10.00 to $15.00. On average, they expect Kimbell Royalty Partners' stock price to reach $13.02 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts' price targets for Kimbell Royalty Partners
or view top-rated stocks among Wall Street analysts.

Who are Kimbell Royalty Partners' key executives?

Kimbell Royalty Partners' management team includes the following people:
  • Mr. Robert Dean Ravnaas, CEO & Chairman of Kimbell Royalty GP LLC (Age 63, Pay $1.61M)
  • Mr. Brett G. Taylor, Exec. Vice Chairman of Kimbell Royalty GP LLC (Age 60, Pay $250k)
  • Mr. Robert Davis Ravnaas, Pres & CFO of Kimbell Royalty GP LLC (Age 35, Pay $1.49M)
  • Mr. Matthew S. Daly, COO & Sec. of Kimbell Royalty GP LLC (Age 48, Pay $1.19M)
  • Mr. R. Blayne Rhynsburger, Controller of Kimbell Royalty GP LLC (Age 34)

Who are some of Kimbell Royalty Partners' key competitors?

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), The 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 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 number of institutional and retail investors. Top institutional investors include Segment Wealth Management LLC (0.12%), Essex Financial Services Inc. (0.11%), Aptus Capital Advisors LLC (0.10%), Wedbush Securities Inc. (0.04%) and Eagle Bay Advisors LLC (0.00%). Company insiders that own Kimbell Royalty Partners stock include Blayne Rhynsburger, Brett G Taylor, Erik B Daugbjerg, Kkr Upstream Associates Llc, Matthew S Daly, Mitch S Wynne, Peter Alcorn, Robert D Ravnaas, Robert Davis Ravnaas and William H Adams III.
View institutional ownership trends for Kimbell Royalty Partners
.

Which major investors are buying Kimbell Royalty Partners stock?

KRP stock was purchased by a variety of institutional investors in the last quarter, including Segment Wealth Management LLC, Essex Financial Services Inc., Aptus Capital Advisors LLC, Wedbush Securities Inc., and Eagle Bay Advisors LLC. Company insiders that have bought Kimbell Royalty Partners stock in the last two years include Brett G Taylor, Erik B Daugbjerg, Matthew S Daly, Mitch S Wynne, Peter Alcorn, Robert D Ravnaas, Robert Davis Ravnaas, and William H Adams III.
View insider buying and selling activity for Kimbell Royalty Partners
or or view top insider-buying stocks.

How do I buy shares of Kimbell Royalty Partners?

Shares of KRP 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 $11.53.

How much money does Kimbell Royalty Partners make?

Kimbell Royalty Partners has a market capitalization of $697.91 million and generates $90.48 million in revenue each year. The energy company earns $-159,450,000.00 in net income (profit) each year or $0.91 on an earnings per share basis.

What is Kimbell Royalty Partners' official website?

The official website for Kimbell Royalty Partners is www.kimbellrp.com.

Where are Kimbell Royalty Partners' headquarters?

Kimbell Royalty Partners is headquartered at 777 TAYLOR STREET SUITE 810, FORT WORTH TX, 76102.

How can I contact Kimbell Royalty Partners?

Kimbell Royalty Partners' mailing address is 777 TAYLOR STREET SUITE 810, FORT WORTH TX, 76102. The energy company can be reached via phone at (817) 945-9700 or via email at [email protected]


This page was last updated on 8/1/2021 by MarketBeat.com Staff
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