Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin. As of December 31, 2015, the Company's mineral and royalty interests were located in 20 states and in every onshore basin across the continental United States, and included ownership in over 48,000 gross producing wells, including over 29,000 wells in the Permian Basin. The Company's properties include Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Eagle Ford, Barnett Shale/Fort Worth Basin, Bakken/Williston Basin, San Juan Basin, Onshore California, DJ Basin/Rockies/Niobrara, Illinois Basin and others.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Integrated Oil & Gas
- Sub-Industry: N/A
- Symbol: NYSE:KRP
- CUSIP: N/A
- Web: www.kimbellrp.com
- Market Cap: $261.13 million
- Outstanding Shares: 16,332,000
- 50 Day Moving Avg: $16.06
- 200 Day Moving Avg: $18.25
- 52 Week Range: $15.06 - $20.89
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 35.20
- P/E Growth: 0.00
- Annual Revenue: $7.72 million
- Price / Sales: 33.51
- Book Value: $16.75 per share
- Price / Book: 0.95
- Annual Dividend: $1.20
- Dividend Yield: 7.6%
- Debt-to-Equity Ratio: 0.07%
- Current Ratio: 8.07%
- Quick Ratio: 5.73%
- Average Volume: 20,727 shs.
- Short Ratio: 0.27
Frequently Asked Questions for KIMBELL ROYALTY (NYSE:KRP)
What is KIMBELL ROYALTY's stock symbol?
KIMBELL ROYALTY trades on the New York Stock Exchange (NYSE) under the ticker symbol "KRP."
How often does KIMBELL ROYALTY pay dividends? What is the dividend yield for KIMBELL ROYALTY?
KIMBELL ROYALTY declared a quarterly dividend on Friday, July 28th. Stockholders of record on Monday, August 7th will be given a dividend of $0.30 per share on Monday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Thursday, August 3rd. View KIMBELL ROYALTY's Dividend History.
How were KIMBELL ROYALTY's earnings last quarter?
KIMBELL ROYALTY (NYSE:KRP) announced its earnings results on Thursday, August, 10th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by $0.06. The firm had revenue of $7.75 million for the quarter, compared to analysts' expectations of $7.87 million. View KIMBELL ROYALTY's Earnings History.
When will KIMBELL ROYALTY make its next earnings announcement?
Where is KIMBELL ROYALTY's stock going? Where will KIMBELL ROYALTY's stock price be in 2017?
6 equities research analysts have issued 1-year price objectives for KIMBELL ROYALTY's stock. Their forecasts range from $19.00 to $25.00. On average, they expect KIMBELL ROYALTY's share price to reach $21.80 in the next year. View Analyst Ratings for KIMBELL ROYALTY.
Who are some of KIMBELL ROYALTY's key competitors?
Some companies that are related to KIMBELL ROYALTY include Vivint Solar (VSLR), Bonanza Creek Energy (BCEI), Geopark Ltd (GPRK), VTTI Energy Partners LP (VTTI), MAMMOOTH ENERGY (TUSK), Denbury Resources (DNR), Atwood Oceanics (ATW), Calumet Specialty Products Partners, L.P. (CLMT), Midstates Petroleum (MPO), Stone Energy Corporation (SGY), Dorchester Minerals, L.P. (DMLP), Ferrellgas Partners, L.P. (FGP), Obsidian Energy (OBE), Renewable Energy Group (REGI), Enviva Partners, LP (EVA), Azure Power Global (AZRE), Sanchez Energy Corporation (SN) and 8point3 Energy Partners LP (CAFD).
Who are KIMBELL ROYALTY's key executives?
KIMBELL ROYALTY's management team includes the folowing people:
- Robert Davis Ravnaas, Chairman of the Board, Chief Executive Officer of the General Partner
- R. Davis Ravnaas, President, Chief Financial Officer of the General Partner
- Brett G. Taylor, Executive Vice Chairman of the Board of the General Partner
- Matthew S. Daly, Chief Operating Officer of the General Partner
- Jeff McInnis, Chief Accounting Officer of the General Partner
- Benny D. Duncan, Director of the General Partner
- Ben J. Fortson, Director of the General Partner
- T. Scott Martin, Director of the General Partner
- Mitch S. Wynne, Director of the General Partner
- William H. Adams III, Independent Director of the General Partner
When did KIMBELL ROYALTY 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.
When did the company's lock-up period expire?
KIMBELL ROYALTY's lock-up period expired on Wednesday, August 2nd. KIMBELL ROYALTY had issued 5,000,000 shares in its IPO on February 3rd. The total size of the offering was $90,000,000 based on an initial share price of $18.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the end of the lock-up period.
Who owns KIMBELL ROYALTY stock?
KIMBELL ROYALTY's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (5.76%),
DUNCAN BENNY D.
(1.80%), Wells Fargo & Company MN (1.53%), Crow Point Partners LLC (1.30%), HITE Hedge Asset Management LLC (0.69%) and Lucas Capital Management (0.33%). Company insiders that own KIMBELL ROYALTY stock include Brett G Taylor, Jeff Mcinnis, Mitch S Wynne, T Scott Martin and William H Adams III. View Institutional Ownership Trends for KIMBELL ROYALTY.
Who sold KIMBELL ROYALTY stock? Who is selling KIMBELL ROYALTY stock?
Who bought KIMBELL ROYALTY stock? Who is buying KIMBELL ROYALTY stock?
KIMBELL ROYALTY's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Wells Fargo & Company MN, Raymond James Financial Services Advisors Inc., Hollow Brook Wealth Management LLC, Royal Bank of Canada, King Luther Capital Management Corp and Lucas Capital Management. Company insiders that have bought KIMBELL ROYALTY stock in the last two years include Brett G Taylor, Jeff Mcinnis, Mitch S Wynne, T Scott Martin and William H Adams III. View Insider Buying and Selling for KIMBELL ROYALTY.
How do I buy KIMBELL ROYALTY stock?
Shares of KIMBELL ROYALTY can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KIMBELL ROYALTY's stock price today?
MarketBeat Community Rating for KIMBELL ROYALTY (NYSE KRP)MarketBeat's community ratings are surveys of what our community members think about KIMBELL ROYALTY and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of KIMBELL ROYALTY stock can currently be purchased for approximately $15.84.
Consensus Ratings for KIMBELL ROYALTY (NYSE:KRP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 3.17)|
|Consensus Price Target: ||$21.80 (37.63% upside)|
Analysts' Ratings History for KIMBELL ROYALTY (NYSE:KRP)
(Data available from 8/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/18/2017||Stifel Nicolaus||Set Price Target||Buy||$19.00||Low|
|8/15/2017||Imperial Capital||Initiated Coverage||Outperform||$20.00||Low|
|7/24/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$22.00||High|
|2/28/2017||Raymond James Financial, Inc.||Initiated Coverage||Strong-Buy -> Strong-Buy||$25.00||N/A|
Earnings History for KIMBELL ROYALTY (NYSE:KRP)Earnings History by Quarter for KIMBELL ROYALTY (NYSE KRP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/9/2017|| || || || || || || || |
|8/10/2017||Q2 2017||$0.08||$0.02||$7.87 million||$7.75 million||View||N/A|
Earnings Estimates for KIMBELL ROYALTY (NYSE:KRP)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for KIMBELL ROYALTY (NYSE:KRP)
|Most Recent Dividend:||8/14/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||666.67% (Based on This Year's Estimates)|
266.67% (Based on Next Year's Estimates)
Dividend History by Quarter for KIMBELL ROYALTY (NYSE KRP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for KIMBELL ROYALTY (NYSE:KRP)
Institutional Ownership Percentage: 20.48%Insider Trades by Quarter for KIMBELL ROYALTY (NYSE:KRP)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/23/2017||William H Adams III||Director||Buy||4,772||$15.87||$75,731.64|| |
|6/22/2017||Mitch S Wynne||Director||Buy||2,000||$16.19||$32,380.00|| |
|6/21/2017||Brett G Taylor||Director||Buy||4,687||$16.10||$75,460.70|| |
|2/8/2017||Jeff Mcinnis||Insider||Buy||2,777||$18.00||$49,986.00|| |
|2/8/2017||T Scott Martin||Director||Buy||9,041||$6.64||$60,032.24|| |
Headline Trends for KIMBELL ROYALTY (NYSE:KRP)
Latest Headlines for KIMBELL ROYALTY (NYSE:KRP)
|Stifel Nicolaus Reaffirms "Buy" Rating for Kimbell Royalty (KRP)|
www.americanbankingnews.com - August 18 at 5:42 PM
|Imperial Capital Weighs in on Kimbell Royalty's Q3 2017 Earnings (KRP)|
www.americanbankingnews.com - August 17 at 8:22 AM
|Imperial issues bullish calls on energy names CPE, PE, REI, RSPP, KRP, VNOM|
seekingalpha.com - August 16 at 4:15 AM
|Kimbell Royalty (NYSE:KRP) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - August 15 at 4:32 AM
|Kimbell Royalty Partners misses by $0.06, misses on revenue|
seekingalpha.com - August 12 at 2:13 AM
|Kimbell Royalty Partners Announces Second Quarter 2017 Financial and Operating Results|
finance.yahoo.com - August 11 at 5:54 AM
|Edited Transcript of KRP.N earnings conference call or presentation 10-Aug-17 3:00pm GMT|
finance.yahoo.com - August 11 at 5:54 AM
|Kimbell Royalty (KRP) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS|
www.americanbankingnews.com - August 10 at 7:46 PM
|Critical Analysis: InterOil (IOC) versus KIMBELL ROYALTY (KRP)|
www.americanbankingnews.com - August 4 at 8:18 AM
|$7.87 Million in Sales Expected for KIMBELL ROYALTY (KRP) This Quarter|
www.americanbankingnews.com - August 3 at 7:52 AM
|Kimbell Royalty (KRP) Set to Announce Earnings on Thursday|
www.americanbankingnews.com - August 3 at 7:16 AM
|Kimbell Royalty's (NYSE:KRP) Lock-Up Period Will Expire Tomorrow|
www.americanbankingnews.com - August 1 at 12:28 PM
|Kimbell Royalty Partners Announces Second Quarter 2017 Distribution|
finance.yahoo.com - July 29 at 1:33 AM
|Kimbell Royalty (KRP) Announces Dividend of $0.30|
www.americanbankingnews.com - July 28 at 4:51 PM
|Royal Bank Of Canada Reaffirms "Buy" Rating for Kimbell Royalty Partners LP (NYSE:KRP)|
www.americanbankingnews.com - July 24 at 10:20 PM
|Kimbell Royalty (NYSE:KRP) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - July 21 at 9:26 AM
|Petrobras Argentina (PZE) versus Kimbell Royalty (NYSE:KRP) Critical Analysis|
www.americanbankingnews.com - July 13 at 10:26 AM
| Analysts Expect KIMBELL ROYALTY (NYSE:KRP) Will Post Quarterly Sales of $8.45 Million|
www.americanbankingnews.com - July 9 at 7:24 AM
|Kimbell Royalty (KRP) Expected to Announce Earnings of $0.11 Per Share|
www.americanbankingnews.com - July 8 at 12:12 AM
|Kimbell Royalty Partners Announces Timing of Second Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - June 30 at 11:19 PM
|Kimbell Royalty (KRP) Director Mitch S. Wynne Purchases 2,000 Shares|
www.americanbankingnews.com - June 26 at 7:38 PM
|Kimbell Royalty (KRP) Director William H. Adams III Acquires 4,772 Shares|
www.americanbankingnews.com - June 26 at 7:18 PM
|Kimbell Royalty (KRP) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - June 26 at 9:46 AM
|Brett G. Taylor Purchases 4,687 Shares of Kimbell Royalty (KRP) Stock|
www.americanbankingnews.com - June 22 at 10:26 PM
|$8.43 Million in Sales Expected for KIMBELL ROYALTY (KRP) This Quarter|
www.americanbankingnews.com - June 15 at 9:18 AM
|$0.09 EPS Expected for Kimbell Royalty (KRP) This Quarter|
www.americanbankingnews.com - June 13 at 10:30 PM
|Kimbell Royalty Partners LP (KRP) Upgraded by Zacks Investment Research to "Hold"|
www.americanbankingnews.com - June 3 at 7:20 AM
|Kimbell Royalty Partners LP (KRP) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - May 30 at 11:28 AM
|Kimbell Royalty Partners LP (KRP) Expected to Announce Quarterly Sales of $8.43 Million|
www.americanbankingnews.com - May 19 at 11:54 PM
|Kimbell Royalty Partners, LP (KRP) Names Matthew Daly as COO|
www.streetinsider.com - May 17 at 6:11 PM
|Kimbell Royalty Partners Promotes Matthew S. Daly to Chief Operating Officer|
finance.yahoo.com - May 17 at 9:42 AM
|Kimbell Royalty Partners LP (KRP) Expected to Announce Earnings of $0.09 Per Share|
www.americanbankingnews.com - May 17 at 8:20 AM
|BRIEF-Kimbell Royalty Partners Q1 earnings per share $0.02|
www.reuters.com - May 12 at 6:52 PM
|Kimbell Royalty Partners Files Form 10-Q, Announces Final First Quarter 2017 Financial and Operating Results and Provides Update on Potential Full-Cost Ceiling Test Impairment|
finance.yahoo.com - May 12 at 6:52 PM
|BRIEF-Kimbell Royalty Partners Q1 revenue view $8.7 million|
www.reuters.com - May 8 at 5:48 PM
|Kimbell Royalty Partners, LP (KRP) Misses Q1 EPS by 8c|
www.streetinsider.com - May 8 at 5:48 PM
|Kimbell Royalty Partners Announces First Quarter 2017 Preliminary Financial and Operating Results|
finance.yahoo.com - May 8 at 9:53 AM
|Kimbell Royalty Partners LP (KRP) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - May 3 at 11:20 AM
|Kimbell Royalty Partners Announces First Quarter 2017 Distribution|
finance.yahoo.com - May 2 at 7:00 PM
|Kimbell Royalty Partners LP to Issue Dividend of $0.23 (KRP)|
www.americanbankingnews.com - May 2 at 12:46 PM
|Kimbell Royalty Partners (KRP) Presents At Raymond James Financial Services National Conference - Slideshow|
seekingalpha.com - April 28 at 7:09 PM
|Kimbell Royalty Partners LP (KRP) Expected to Post Quarterly Sales of $8.43 Million|
www.americanbankingnews.com - April 28 at 5:02 PM
|Kimbell Royalty Partners Announces Dates for First Quarter 2017 Distribution|
finance.yahoo.com - April 25 at 5:37 PM
|Kimbell Royalty Partners to Present at Raymond James Financial Services National Conference on April 27|
finance.yahoo.com - April 24 at 7:12 PM
|KIMBELL ROYALTY PARTNERS, LP Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 30 at 6:32 PM
|Kimbell Royalty Partners Announces First Quarter 2017 Earnings Release and Conference Call Schedule and Files Form 10-K for 2016|
finance.yahoo.com - March 30 at 6:32 PM
|Kimbell Royalty Partners LP (KRP) Research Coverage Started at Stifel Nicolaus|
www.americanbankingnews.com - March 12 at 4:30 PM
|Kimbell Royalty Partners LP’s (KRP) Quiet Period To End on March 15th|
www.americanbankingnews.com - March 8 at 7:51 AM
|Coverage initiated on Kimbell Royalty Partners by RBC Capital Mkts, Stifel and Raymond James|
finance.yahoo.com - February 28 at 6:20 PM
|KIMBELL ROYALTY PARTNERS, LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisitio|
biz.yahoo.com - February 14 at 7:40 PM
KIMBELL ROYALTY (KRP) Chart for Saturday, August, 19, 2017