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NYSE:KRPKimbell Royalty Partners Stock Price, Forecast & News

$8.75
-0.04 (-0.46 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$8.39
Now: $8.75
$8.91
50-Day Range
$8.16
MA: $8.55
$9.14
52-Week Range
$3.51
Now: $8.75
$17.72
Volume94,545 shs
Average Volume67,256 shs
Market Capitalization$523.16 million
P/E RatioN/A
Dividend Yield5.92%
Beta2.22
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 86,000 gross producing wells, including approximately 38,000 wells in the Permian Basin. Kimbell Royalty GP, LLC serves as the general partner of the company. Kimbell Royalty Partners, LP was founded in 2013 and is based in Fort Worth, Texas.
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Kimbell Royalty Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.21 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
Phone817-945-9700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$108.22 million
Cash Flow$2.30 per share
Book Value$10.45 per share

Profitability

Net Income$-69,060,000.00
Net Margins-143.18%

Miscellaneous

EmployeesN/A
Market Cap$523.16 million
Next Earnings Date11/5/2020 (Estimated)
OptionableNot Optionable
$8.75
-0.04 (-0.46 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Kimbell Royalty Partners (NYSE:KRP) Frequently Asked Questions

How has Kimbell Royalty Partners' stock been impacted by COVID-19 (Coronavirus)?

Kimbell Royalty Partners' stock was trading at $8.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, KRP stock has increased by 4.4% and is now trading at $8.75.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Kimbell Royalty Partners?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last year. There are currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Kimbell Royalty Partners
.

When is Kimbell Royalty Partners' next earnings date?

Kimbell Royalty Partners is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Kimbell Royalty Partners
.

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners LP (NYSE:KRP) announced its earnings results on Thursday, May, 7th. The energy company reported ($1.29) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $1.28. The energy company had revenue of $35.95 million for the quarter, compared to analyst estimates of $26.14 million. Kimbell Royalty Partners had a negative net margin of 143.18% and a positive return on equity of 4.80%.
View Kimbell Royalty Partners' earnings history
.

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

Kimbell Royalty Partners declared a quarterly dividend on Friday, July 24th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.13 per share on Monday, August 10th. This represents a $0.52 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Friday, July 31st.
View Kimbell Royalty Partners' dividend history
.

What price target have analysts set for KRP?

11 brokerages have issued 1 year price targets for Kimbell Royalty Partners' shares. Their forecasts range from $7.00 to $22.00. On average, they anticipate Kimbell Royalty Partners' share price to reach $14.15 in the next twelve months. This suggests a possible upside of 61.7% from the stock's current price.
View analysts' price targets for Kimbell Royalty Partners
.

Has Kimbell Royalty Partners been receiving favorable news coverage?

Headlines about KRP stock have been trending very positive this week, InfoTrie reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kimbell Royalty Partners earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave press coverage about the energy company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Kimbell Royalty Partners
.

Who are some of Kimbell Royalty Partners' key competitors?

What other stocks do shareholders of Kimbell Royalty Partners own?

Who are Kimbell Royalty Partners' key executives?

Kimbell Royalty Partners' management team includes the following people:
  • Mr. Robert Dean Ravnaas, CEO & Chairman of Kimbell Royalty GP LLC (Age 61)
  • Mr. Brett G. Taylor, Exec. Vice Chairman of Kimbell Royalty GP LLC (Age 58)
  • Mr. Robert Davis Ravnaas, Pres & CFO of Kimbell Royalty GP LLC (Age 33)
  • Mr. Matthew S. Daly, COO & Sec. of Kimbell Royalty GP LLC (Age 46)
  • Mr. Jeff McInnis, Chief Commercial Officer of Kimbell Royalty GP LLC (Age 42)

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 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 a variety of institutional and retail investors. Top institutional investors include TSP Capital Management Group LLC (0.49%), Raymond James & Associates (0.45%), Raymond James Financial Services Advisors Inc. (0.23%), UBS Group AG (0.07%) and Arrow Investment Advisors LLC (0.04%). Company insiders that own Kimbell Royalty Partners stock include Brett G Taylor, Erik B Daugbjerg, Jeff Mcinnis, Kkr Upstream Associates Llc, Matthew S Daly, Minerals & Royalties Haymaker, Mitch S Wynne, Peter Alcorn, Robert D Ravnaas, Robert Davis Ravnaas, T Scott Martin and William H Adams III.
View institutional ownership trends for Kimbell Royalty Partners
.

Which institutional investors are selling Kimbell Royalty Partners stock?

KRP stock was sold by a variety of institutional investors in the last quarter, including Raymond James & Associates.
View insider buying and selling activity for Kimbell Royalty Partners
.

Which institutional investors are buying Kimbell Royalty Partners stock?

KRP stock was bought by a variety of institutional investors in the last quarter, including TSP Capital Management Group LLC, Raymond James Financial Services Advisors Inc., Arrow Investment Advisors LLC, and UBS Group AG. Company insiders that have bought Kimbell Royalty Partners stock in the last two years include Brett G Taylor, Erik B Daugbjerg, Jeff Mcinnis, Matthew S Daly, Mitch S Wynne, Peter Alcorn, Robert D Ravnaas, Robert Davis Ravnaas, T Scott Martin, and William H Adams III.
View insider buying and selling activity for Kimbell Royalty Partners
.

How do I buy shares of Kimbell Royalty Partners?

Shares of KRP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Kimbell Royalty Partners' stock price today?

One share of KRP stock can currently be purchased for approximately $8.75.

How big of a company is Kimbell Royalty Partners?

Kimbell Royalty Partners has a market capitalization of $523.16 million and generates $108.22 million in revenue each year. The energy company earns $-69,060,000.00 in net income (profit) each year or $3.37 on an earnings per share basis.

What is Kimbell Royalty Partners' official website?

The official website for Kimbell Royalty Partners is www.kimbellrp.com.

How can I contact Kimbell Royalty Partners?

Kimbell Royalty Partners' mailing address is 777 TAYLOR STREET SUITE 810, FORT WORTH TX, 76102. The energy company can be reached via phone at 817-945-9700 or via email at [email protected]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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