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Kimbell Royalty Partners (KRP) Stock Forecast & Price Target

$17.04
+0.06 (+0.35%)
(As of 10:04 AM ET)

Kimbell Royalty Partners - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$20.67
21.28% Upside
High Forecast$25.00
Average Forecast$20.67
Low Forecast$16.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
2 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$20.67$20.57$20.86$19.67
Forecasted Upside21.28% Upside31.95% Upside35.47% Upside24.51% Upside
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KRP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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KRP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Kimbell Royalty Partners Stock vs. The Competition

TypeKimbell Royalty PartnersOils/Energy CompaniesS&P 500
Consensus Rating Score
2.83
2.57
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside21.71% Upside303.34% Upside9.19% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/14/2024Bank of America
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 Reiterated RatingUnderperform$16.00-0.44%
4/22/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$20.00 ➝ $21.00+30.60%
4/5/2024Truist Financial
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 Lower TargetBuy ➝ Buy$22.00 ➝ $21.00+30.43%
2/22/2024TD Securities
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 Lower TargetBuy$26.00 ➝ $25.00+60.26%
1/24/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$22.00 ➝ $20.00+34.68%
11/27/2023Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$22.00 ➝ $21.00+37.17%
6/30/2023Citigroup
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 Reiterated RatingBuy ➝ Buy$20.00+32.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:33 AM ET.

KRP Forecast - Frequently Asked Questions

What is Kimbell Royalty Partners' forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Kimbell Royalty Partners is $20.67, with a high forecast of $25.00 and a low forecast of $16.00.

Should I buy or sell Kimbell Royalty Partners stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last year. There is currently 1 sell rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KRP shares.

Does Kimbell Royalty Partners's stock price have much upside?

According to analysts, Kimbell Royalty Partners's stock has a predicted upside of 31.90% based on their 12-month stock forecasts.

What analysts cover Kimbell Royalty Partners?

Kimbell Royalty Partners has been rated by research analysts at Bank of America, and KeyCorp in the past 90 days.

Do Wall Street analysts like Kimbell Royalty Partners more than its competitors?

Analysts like Kimbell Royalty Partners more than other "oils/energy" companies. The consensus rating score for Kimbell Royalty Partners is 2.83 while the average consensus rating score for "oils/energy" companies is 2.57. Learn more on how KRP compares to other companies.


This page (NYSE:KRP) was last updated on 7/15/2024 by MarketBeat.com Staff

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