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NYSE:KRP

Kimbell Royalty Partners - KRP Stock Forecast, Price & News

$15.57
-0.14 (-0.89%)
(As of 02/6/2023 04:31 PM ET)
Add
Compare
Today's Range
$15.39
$15.88
50-Day Range
$15.67
$17.40
52-Week Range
$14.22
$20.08
Volume
540,908 shs
Average Volume
319,280 shs
Market Capitalization
$1.02 billion
P/E Ratio
9.11
Dividend Yield
12.48%
Price Target
$21.75

Kimbell Royalty Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
40.0% Upside
$21.75 Price Target
Short Interest
Healthy
1.37% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$99,995 Bought Last Quarter
Proj. Earnings Growth
-23.30%
From $1.76 to $1.35 Per Share

Overall MarketRank

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

2.67 out of 5 stars

Oils/Energy Sector

47th out of 237 stocks

Crude Petroleum & Natural Gas Industry

22nd out of 73 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

"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Kimbell Royalty Partners
KRP Kimbell Royalty Partners, LP
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
See More Headlines
Receive KRP Stock News and Ratings via Email

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KRP Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 11/21 Dividend
11/10/2022
Dividend Payable
11/21/2022
Today
2/06/2023
Next Earnings (Confirmed)
2/23/2023
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
+39.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$33.94 million
Pretax Margin
54.54%

Debt

Sales & Book Value

Annual Sales
$135.62 million
Cash Flow
$1.11 per share
Book Value
$5.39 per share

Miscellaneous

Free Float
61,873,000
Market Cap
$1.02 billion
Optionable
Not Optionable
Beta
1.34

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 equities 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 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 2023?

4 Wall Street analysts have issued 1-year price targets for Kimbell Royalty Partners' shares. 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 twelve months. This suggests a possible upside of 39.7% 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 2023?

Kimbell Royalty Partners' stock was trading at $16.70 on January 1st, 2023. Since then, KRP shares have decreased by 6.8% and is now trading at $15.57.
View the best growth stocks for 2023 here
.

Are investors shorting Kimbell Royalty Partners?

Kimbell Royalty Partners saw a decrease in short interest in January. As of January 15th, there was short interest totaling 894,700 shares, a decrease of 7.1% from the December 31st total of 963,400 shares. Based on an average daily volume of 435,700 shares, the days-to-cover ratio is presently 2.1 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, February 23rd 2023.
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, February 23rd 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 "13734773#".

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) released its quarterly earnings data on Thursday, November, 4th. The energy company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.08. The energy company earned $31.79 million during the quarter, compared to analyst estimates of $38.62 million. Kimbell Royalty Partners had a trailing twelve-month return on equity of 33.89% and a net margin of 47.75%.

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, November 3rd. Shareholders of record on Monday, November 14th will be given a dividend of $0.49 per share on Monday, November 21st. This represents a $1.96 annualized dividend and a dividend yield of 12.59%. The ex-dividend date of this dividend is Thursday, November 10th.
Read our dividend analysis for KRP
.

Is Kimbell Royalty Partners a good dividend stock?

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.96 per share and currently has a dividend yield of 12.48%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 114.62%. 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 145.19% 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 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 retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.53%), Meridian Wealth Advisors LLC (0.17%), SG Americas Securities LLC (0.11%), Wedbush Securities Inc. (0.07%), Jenkins Wealth (0.06%) and GraniteShares Advisors LLC (0.06%). 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 $15.57.

How much money does Kimbell Royalty Partners make?

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.02 billion and generates $135.62 million in revenue each year. The energy company earns $33.94 million in net income (profit) each year or $1.71 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 2/6/2023 by MarketBeat.com Staff