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NYSE:KRP

Kimbell Royalty Partners Stock Forecast, Price & News

$15.15
-0.42 (-2.70%)
(As of 07/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.48
$15.53
50-Day Range
$15.15
$20.05
52-Week Range
$10.00
$20.08
Volume
417,208 shs
Average Volume
385,035 shs
Market Capitalization
$981.31 million
P/E Ratio
23.31
Dividend Yield
12.07%
Price Target
$20.75

Kimbell Royalty Partners MarketRank™ Forecast

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
37.0% Upside
$20.75 Price Target
Short Interest
Bearish
2.73% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
36.13%
From $1.19 to $1.62 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.10 out of 5 stars

Oils/Energy Sector

122nd out of 398 stocks

Crude Petroleum & Natural Gas Industry

52nd out of 127 stocks

30 days | 90 days | 365 days | Advanced Chart

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Kimbell Royalty Partners 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.

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
Kimbell Royalty Partners: Dividend Insights
Kimbell Royalty Partners declares $0.37 dividend
See More Headlines

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
N/A

Company Calendar

Ex-Dividend for 5/9 Dividend
4/29/2022
Last Earnings
5/05/2022
Dividend Payable
5/09/2022
Today
7/06/2022
Next Earnings (Confirmed)
8/04/2022
Fiscal Year End
12/31/2022

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
+37.0%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$33.94 million
Pretax Margin
34.47%

Debt

Sales & Book Value

Annual Sales
$135.62 million
Cash Flow
$1.05 per share
Book Value
$5.39 per share

Miscellaneous

Free Float
61,146,000
Market Cap
$981.31 million
Optionable
Not Optionable
Beta
1.55














Kimbell Royalty Partners Frequently Asked Questions

Should I buy or sell Kimbell Royalty Partners stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Kimbell Royalty Partners stock.
View analyst ratings for Kimbell Royalty Partners
or view top-rated stocks.

What is Kimbell Royalty Partners' stock price forecast for 2022?

4 brokers have issued 12-month price objectives for Kimbell Royalty Partners' stock. Their KRP stock forecasts range from $18.00 to $25.00. On average, they anticipate Kimbell Royalty Partners' stock price to reach $20.75 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts' price targets for Kimbell Royalty Partners
or view top-rated stocks among Wall Street analysts.

How has Kimbell Royalty Partners' stock performed in 2022?

Kimbell Royalty Partners' stock was trading at $13.63 on January 1st, 2022. Since then, KRP stock has increased by 11.2% and is now trading at $15.15.
View the best growth stocks for 2022 here
.

When is Kimbell Royalty Partners' next earnings date?

Kimbell Royalty Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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 4th 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 "13730699#".

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) released its earnings results on Thursday, May, 5th. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.04. The energy company had revenue of $33.75 million for the quarter, compared to the consensus estimate of $43.73 million. Kimbell Royalty Partners had a trailing twelve-month return on equity of 12.75% and a net margin of 27.46%.
View Kimbell Royalty Partners' earnings history
.

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, April 22nd. Shareholders of record on Monday, May 2nd will be paid a dividend of $0.47 per share on Monday, May 9th. This represents a $1.88 annualized dividend and a dividend yield of 12.41%. The ex-dividend date is Friday, April 29th. This is an increase from Kimbell Royalty Partners's previous quarterly dividend of $0.37.
View Kimbell Royalty Partners' dividend history
.

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 12.07%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Kimbell Royalty Partners 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 of Kimbell Royalty Partners is 289.23%. 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 116.05% 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.

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 64, Pay $1.82M)
  • Mr. Brett G. Taylor, Exec. Vice Chairman of Kimbell Royalty GP LLC (Age 61, Pay $250k)
  • Mr. Robert Davis Ravnaas, Pres & CFO of Kimbell Royalty GP LLC (Age 36, Pay $1.66M)
  • Mr. Matthew S. Daly, COO & Sec. of Kimbell Royalty GP LLC (Age 49, Pay $1.32M)
  • Mr. R. Blayne Rhynsburger, Controller of Kimbell Royalty GP LLC (Age 35)

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 $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."

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 $15.15.

How much money does Kimbell Royalty Partners make?

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $981.31 million and generates $135.62 million in revenue each year. The energy company earns $33.94 million in net income (profit) each year or $0.65 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 Kimbell Royalty Partners 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 7/6/2022 by MarketBeat.com Staff

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