Kimbell Royalty Partners - KRP Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last year. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" KRP shares.
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5 Wall Street analysts have issued 1-year price targets for Kimbell Royalty Partners' shares. Their KRP share price forecasts range from $18.00 to $25.00. On average, they expect the company's share price to reach $21.40 in the next year. This suggests a possible upside of 21.5% 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 $13.63 at the beginning of 2022. Since then, KRP shares have increased by 29.2% and is now trading at $17.61.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our KRP earnings forecast.

Kimbell Royalty Partners will be holding an earnings conference call on Thursday, November 3rd 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 "13732853#".

Kimbell Royalty Partners, LP (NYSE:KRP) posted its quarterly earnings results on Thursday, August, 4th. The energy company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.25. The energy company earned $72.71 million during the quarter, compared to the consensus estimate of $60.36 million. Kimbell Royalty Partners had a net margin of 41.55% and a trailing twelve-month return on equity of 25.19%.

Kimbell Royalty Partners announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.55 per share on Monday, August 22nd. This represents a $2.20 annualized dividend and a dividend yield of 12.49%. The ex-dividend date is Friday, August 12th. This is a positive change from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for KRP.

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $2.20 per share and currently has a dividend yield of 12.96%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 189.66%. 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 135.80% 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 (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 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."

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.
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One share of KRP stock can currently be purchased for approximately $17.61.

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.14 billion and generates $135.62 million in revenue each year. The energy company earns $33.94 million in net income (profit) each year or $1.16 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.