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NYSE:KRP

Kimbell Royalty Partners - KRP Stock Forecast, Price & News

$14.36
-0.37 (-2.51%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$14.34
$14.77
50-Day Range
$14.14
$17.02
52-Week Range
$13.85
$20.08
Volume
225,119 shs
Average Volume
405,084 shs
Market Capitalization
$941.15 million
P/E Ratio
8.21
Dividend Yield
13.37%
Price Target
$21.75

Kimbell Royalty Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
51.5% Upside
$21.75 Price Target
Short Interest
Healthy
1.51% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of Kimbell Royalty Partners in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$30,300 Sold Last Quarter
Proj. Earnings Growth
-3.28%
From $1.22 to $1.18 Per Share

Overall MarketRank

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

2.43 out of 5 stars

Oils/Energy Sector

103rd out of 242 stocks

Crude Petroleum & Natural Gas Industry

45th out of 78 stocks


KRP stock logo

About Kimbell Royalty Partners (NYSE:KRP) Stock

Kimbell Royalty Partners LP engages in owning and acquiring mineral and royalty interests in oil and natural gas properties. The company was founded by Robert Ravnaas, R. Davis Ravnaas, Brett G. Taylor on October 30, 2015 and is headquartered in Fort Worth, TX.

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KRP Stock News Headlines

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Q4 2022 Kimbell Royalty Partners LP Earnings Call
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Kimbell Royalty Partners
KRP Kimbell Royalty Partners, LP
See More Headlines
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KRP Company Calendar

Last Earnings
2/23/2023
Ex-Dividend for 3/16 Dividend
3/08/2023
Dividend Payable
3/16/2023
Today
3/22/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

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
$21.75
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+51.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$111.97 million
Pretax Margin
53.83%

Debt

Sales & Book Value

Annual Sales
$248.06 million
Cash Flow
$2.50 per share
Book Value
$8.80 per share

Miscellaneous

Free Float
61,873,000
Market Cap
$941.15 million
Optionable
Not Optionable
Beta
1.35

Key Executives

  • Robert David Ravnaas
    Chairman & Chief Executive Officer
  • R. Davis Ravnaas
    President & Chief Financial Officer
  • Matthew S. Daly
    Chief Operating Officer
  • Daniel C. Przyojski
    Vice President-Acquisitions
  • Rand Ravnaas
    Vice President-Business Development













KRP Stock - Frequently Asked Questions

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

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.
View KRP analyst ratings
or view top-rated stocks.

What is Kimbell Royalty Partners' stock price forecast for 2023?

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.

How have KRP shares performed in 2023?

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
.

Are investors shorting Kimbell Royalty Partners?

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.
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, May 4th 2023.
View our KRP earnings forecast
.

How were Kimbell Royalty Partners' earnings last quarter?

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%.

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

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
.

Is Kimbell Royalty Partners a good dividend stock?

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.

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 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.

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 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
.

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 $14.36.

How much money does Kimbell Royalty Partners make?

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.

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 3/22/2023 by MarketBeat.com Staff