Kimbell Royalty Partners - KRP Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last year. There are currently 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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4 brokerages have issued 12-month price targets for Kimbell Royalty Partners' stock. Their KRP share price forecasts range from $18.00 to $25.00. On average, they expect the company's stock price to reach $20.75 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
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Kimbell Royalty Partners' stock was trading at $13.63 at the beginning of the year. Since then, KRP stock has increased by 31.8% and is now trading at $17.96.
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Kimbell Royalty Partners saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,370,000 shares, a decline of 22.6% from the June 15th total of 1,770,000 shares. Based on an average trading volume of 400,000 shares, the short-interest ratio is presently 3.4 days.
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Kimbell Royalty Partners is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our KRP earnings forecast.

Kimbell Royalty Partners, LP (NYSE:KRP) released its quarterly earnings results 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 analysts' expectations of $38.62 million. Kimbell Royalty Partners had a trailing twelve-month return on equity of 25.19% and a net margin of 41.55%.

Kimbell Royalty Partners announced a quarterly dividend on Thursday, August 4th. Investors 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 yield of 12.25%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase 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 $1.88 per share and currently has a dividend yield of 10.72%. 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 162.07%. 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 137.23% 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 a price of $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 variety of institutional and retail investors. Top institutional investors include Aptus Capital Advisors LLC (0.25%), Prospera Financial Services Inc (0.24%), CIBC Private Wealth Group LLC (0.23%), Meridian Wealth Advisors LLC (0.14%), TSP Capital Management Group LLC (0.12%) and Connor Clark & Lunn Investment Management Ltd. (0.11%). 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.
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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 $17.96.

Kimbell Royalty Partners (NYSE:KRP) has a market capitalization of $1.16 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.

Kimbell Royalty Partners 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.