Kimbell Royalty Partners - KRP Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our KRP earnings forecast.

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#".

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%.

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.

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.

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).

(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.

Kimbell Royalty Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "KRP."

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.

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.

One share of KRP stock can currently be purchased for approximately $15.57.

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.

The company employs 2,020 workers across the globe.

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.