Kimbell Royalty Partners (KRP) Stock Price, News & Analysis

Company Overview

Kimbell Royalty Partners, LP, together with its subsidiaries, engages in acquiring and owning mineral and royalty interests in oil and natural gas properties in the United States. It serves as the general partner of the company. The company was incorporated in 2015 and is based in Fort Worth, Texas.

Key Stats

• Today's Range: $15.90 to $16.40
• 50-Day Range: $15.13 to $16.83
• 52-Week Range: $14.26 to $17.07
• Volume: 887,190 shs
• Average Volume: 374,104 shs
• Market Capitalization: $1.52 billion
• P/E Ratio: 31.29
• Dividend Yield: 10.53%
• Price Target: $20.50
• Consensus Rating: Moderate Buy

Kimbell Royalty Partners Stock Analysis - MarketRank™

Kimbell Royalty Partners scored higher than 83% of companies evaluated by MarketBeat, and ranked 73rd out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Kimbell Royalty Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 4 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Kimbell Royalty Partners has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 34.78%

Earnings Growth

Earnings for Kimbell Royalty Partners are expected to grow by 34.78% in the coming year, from $0.69 to $0.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Kimbell Royalty Partners is 31.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kimbell Royalty Partners is 31.29, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.19.

Price to Earnings Growth Ratio

Kimbell Royalty Partners has a PEG Ratio of 2.00. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Kimbell Royalty Partners has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.15% of the outstanding shares of Kimbell Royalty Partners have been sold short.

Short Interest Ratio / Days to Cover

Kimbell Royalty Partners has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Kimbell Royalty Partners has recently decreased by 6.82%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Kimbell Royalty Partners is a leading dividend payer. It pays a dividend yield of 10.29%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Kimbell Royalty Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Kimbell Royalty Partners is 329.42%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Kimbell Royalty Partners will have a dividend payout ratio of 180.65% in the coming year. This indicates that Kimbell Royalty Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.15% of the outstanding shares of Kimbell Royalty Partners have been sold short.

Short Interest Ratio / Days to Cover

Kimbell Royalty Partners has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Kimbell Royalty Partners has recently decreased by 6.82%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.60

News Sentiment

Kimbell Royalty Partners has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Kimbell Royalty Partners this week, compared to 2 articles on an average week.

Search Interest

21 people have searched for KRP on MarketBeat in the last 30 days. This is an increase of 110% compared to the previous 30 days.

MarketBeat Follows

4 people have added Kimbell Royalty Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Kimbell Royalty Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $82,050.00 in company stock.

Percentage Held by Insiders

Only 5.60% of the stock of Kimbell Royalty Partners is held by insiders.

Percentage Held by Institutions

Only 25.78% of the stock of Kimbell Royalty Partners is held by institutions.

KRP Stock Analysis - Frequently Asked Questions

How have KRP shares performed this year?

Kimbell Royalty Partners' stock was trading at $15.05 on January 1st, 2024. Since then, KRP shares have increased by 6.0% and is now trading at $15.96.
View the best growth stocks for 2024 here.

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) released its earnings results on Thursday, November, 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm's revenue was up 24.7% on a year-over-year basis.

When did Kimbell Royalty Partners IPO?

Kimbell Royalty Partners (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 acted as the underwriters for the IPO and Stephens and Wunderlich were co-managers.

Who are Kimbell Royalty Partners' major shareholders?

Kimbell Royalty Partners' top institutional investors include Ridgemont Partners Management LLC (3.09%), Mill Road Capital Management LLC (1.31%), Raymond James & Associates (1.17%) and Pin Oak Investment Advisors Inc. (0.64%). Insiders that own company stock include Brett G Taylor, Mitch S Wynne, Erik B Daugbjerg, T Scott Martin, Blayne Rhynsburger and Pep I Holdings, Llc.
View institutional ownership trends.

How do I buy shares of Kimbell Royalty Partners?

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

What other stocks do shareholders of Kimbell Royalty Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kimbell Royalty Partners investors own include Medtronic (MDT), Invesco QQQ (QQQ), NVIDIA (NVDA), Energy Transfer (ET), Cenovus Energy (CVE), Meta Platforms (META) and Enterprise Products Partners (EPD).

Company Calendar

• Ex-Dividend for 8/19 Dividend: 8/12/2024
• Dividend Payable: 8/19/2024
• Last Earnings: 11/07/2024
• Today: 11/16/2024
• Ex-Dividend for 11/25 Dividend: 11/18/2024
• Dividend Payable: 11/25/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:KRP
• CUSIP: N/A
• CIK: 1657788
• Web: www.kimbellrp.com
• Phone: (817) 945-9700
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $20.50
• High Stock Price Target: $25.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +28.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.51
• Trailing P/E Ratio: 31.29
• Forward P/E Ratio: 23.13
• P/E Growth: 2
• Net Income: $66.54 million
• Net Margins: 11.33%
• Pretax Margin: 21.67%
• Return on Equity: 5.82%
• Return on Assets: 3.05%

Debt

• Debt-to-Equity Ratio: 0.40
• Current Ratio: 5.20
• Quick Ratio: 5.68

Sales & Book Value

• Annual Sales: $294.07 million
• Price / Sales: 5.18
• Cash Flow: $1.64 per share
• Price / Cash Flow: 9.73
• Book Value: $6.57 per share
• Price / Book: 2.43

Miscellaneous

• Outstanding Shares: 95,490,000
• Free Float: 90,146,000
• Market Cap: $1.52 billion
• Optionable: Optionable
• Beta: 1.13