Kimbell Royalty Partners (KRP) Stock Forecast & Price Target

$16.78

-0.03 (-0.18%)

(As of 07/26/2024 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

Moderate Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Kimbell Royalty Partners in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a sell rating, 4 have given a buy rating, and 1 has given a strong buy rating for KRP.

Consensus Price Target

$20.83
24.16% Upside

High Forecast	$25.00
Average Forecast	$20.83
Low Forecast	$16.00

According to the 6 analysts' twelve-month price targets for Kimbell Royalty Partners, the average price target is $20.83. The highest price target for KRP is $25.00, while the lowest price target for KRP is $16.00. The average price target represents a forecasted upside of 24.16% from the current price of $16.78.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	$20.83	$20.57	$21.00	$19.67
Forecasted Upside	24.16% Upside	31.95% Upside	34.54% Upside	24.51% Upside

Get Kimbell Royalty Partners Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for KRP and its competitors with MarketBeat's FREE daily newsletter.

Ad Unstoppable Prosperity

“Generational Bull Run” Incoming

LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.

You can find out what they are by clicking here now.

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.

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.

Kimbell Royalty Partners Stock vs. The Competition

Type	Kimbell Royalty Partners	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.83	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	24.16% Upside	230.54% Upside	9.18% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/22/2024	Truist Financial 1 of 5 stars	Boost Target	Buy ➝ Buy	$21.00 ➝ $22.00	+30.56%
6/14/2024	Bank of America 4 of 5 stars	Reiterated Rating	Underperform	$16.00	-0.44%
4/22/2024	KeyCorp 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$20.00 ➝ $21.00	+30.60%
2/22/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$26.00 ➝ $25.00	+60.26%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy ➝ Strong-Buy	$22.00 ➝ $20.00	+34.68%
11/27/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$22.00 ➝ $21.00	+37.17%
6/30/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$20.00	+32.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:18 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 $20.83, 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 equities research 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 equities research 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 31.91% 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 Truist Financial 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 2.56. Learn more on how KRP compares to other companies.