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

$16.41
-0.13 (-0.79%)
(As of 05/8/2024 ET)
Today's Range
$16.39
$16.70
50-Day Range
$15.09
$16.54
52-Week Range
$14.02
$17.11
Volume
469,837 shs
Average Volume
348,462 shs
Market Capitalization
$1.55 billion
P/E Ratio
27.35
Dividend Yield
10.48%
Price Target
$21.00

Kimbell Royalty Partners MarketRank™ Stock Analysis

Analyst Rating
Buy
3.14 Rating Score
Upside/​Downside
28.0% Upside
$21.00 Price Target
Short Interest
Bearish
1.52% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.04mentions of Kimbell Royalty Partners in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.57 M Sold Last Quarter
Proj. Earnings Growth
20.88%
From $0.91 to $1.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.34 out of 5 stars

Oils/Energy Sector

110th out of 240 stocks

Crude Petroleum & Natural Gas Industry

42nd out of 78 stocks

KRP stock logo

About Kimbell Royalty Partners Stock (NYSE:KRP)

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.

KRP Stock Price History

KRP Stock News Headlines

Tech GIANT’s Plans to Revolutionize Crypto…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
KRP Kimbell Royalty Partners, LP Common Units
Kimbell Royalty Partners, LP (KRP)
Tech GIANT’s Plans to Revolutionize Crypto…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Fat Dividend Stocks I Am Buying, Up To 10% Yield
KRP Oct 2024 17.500 call
Q4 2023 Kimbell Royalty Partners LP Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/20 Dividend
3/12/2024
Dividend Payable
3/20/2024
Last Earnings
5/02/2024
Today
5/08/2024
Ex-Dividend for 5/20 Dividend
5/10/2024
Dividend Payable
5/20/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.00
High Stock Price Target
$25.00
Low Stock Price Target
$19.00
Potential Upside/Downside
+28.0%
Consensus Rating
Buy
Rating Score (0-4)
3.14
Research Coverage
7 Analysts

Profitability

Net Income
$66.54 million
Pretax Margin
29.51%

Debt

Sales & Book Value

Annual Sales
$294.07 million
Cash Flow
$1.71 per share
Book Value
$7.54 per share

Miscellaneous

Free Float
89,396,000
Market Cap
$1.55 billion
Optionable
Optionable
Beta
1.07
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Key Executives

  • Mr. Robert Dean Ravnaas (Age 66)
    Chairman of the Board & CEO of Kimbell Royalty GP LLC
    Comp: $2.13M
  • Mr. Brett G. Taylor (Age 63)
    Executive Vice Chairman of Kimbell Royalty GP LLC
    Comp: $545k
  • Mr. Robert Davis Ravnaas (Age 38)
    President & CFO of Kimbell Royalty GP LLC
    Comp: $1.95M
  • Mr. Matthew S. Daly (Age 51)
    COO & Secretary of Kimbell Royalty GP LLC
    Comp: $1.5M
  • Mr. R. Blayne Rhynsburger (Age 37)
    Controller of Kimbell Royalty GP LLC
    Comp: $407.84k

KRP Stock Analysis - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" KRP shares.
View KRP analyst ratings
or view top-rated stocks.

What is Kimbell Royalty Partners' stock price target for 2024?

7 brokerages have issued 12 month price targets for Kimbell Royalty Partners' shares. Their KRP share price targets range from $19.00 to $25.00. On average, they expect the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 28.0% from the stock's current price.
View analysts price targets for KRP
or view top-rated stocks among Wall Street analysts.

How have KRP shares performed in 2024?

Kimbell Royalty Partners' stock was trading at $15.05 at the beginning of the year. Since then, KRP shares have increased by 9.0% and is now trading at $16.41.
View the best growth stocks for 2024 here
.

Are investors shorting Kimbell Royalty Partners?

Kimbell Royalty Partners saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,340,000 shares, an increase of 5.5% from the March 15th total of 1,270,000 shares. Based on an average daily volume of 358,100 shares, the days-to-cover ratio is currently 3.7 days.
View Kimbell Royalty Partners' Short Interest
.

When is Kimbell Royalty Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our KRP earnings forecast
.

How were Kimbell Royalty Partners' earnings last quarter?

Kimbell Royalty Partners, LP (NYSE:KRP) posted its quarterly earnings results on Thursday, May, 2nd. The energy company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.15. The energy company earned $87.50 million during the quarter, compared to analysts' expectations of $79.42 million. Kimbell Royalty Partners had a net margin of 12.93% and a trailing twelve-month return on equity of 5.68%. The firm's quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS.

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

Kimbell Royalty Partners announced a quarterly dividend on Thursday, May 2nd. Stockholders of record on Monday, May 13th will be paid a dividend of $0.49 per share on Monday, May 20th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 11.94%. The ex-dividend date is Friday, May 10th. This is a boost from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for KRP
.

Is Kimbell Royalty Partners a good dividend stock?

Kimbell Royalty Partners (NYSE:KRP) pays an annual dividend of $1.72 per share and currently has a dividend yield of 10.70%. KRP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 286.67%. 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 156.36% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for KRP.

What ETFs hold Kimbell Royalty Partners' stock?

ETFs with the largest weight of Kimbell Royalty Partners (NYSE:KRP) stock in their portfolio include Tema Global Royalties ETF (ROYA), Multi-Asset Diversified Income Index Fund (MDIV), Virtus Real Asset Income ETF (VRAI).Global X SuperDividend ETF (SDIV) and

What other stocks do shareholders of Kimbell Royalty Partners own?

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), RTX (RTX) and New York Mortgage Trust (NYMT).

When did Kimbell Royalty Partners IPO?

Kimbell Royalty Partners (KRP) raised $100 million in an initial public offering 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' stock is owned by a number of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.45%), Raymond James & Associates (1.09%), Raymond James Financial Services Advisors Inc. (0.58%), Accordant Advisory Group Inc (0.19%), TSP Capital Management Group LLC (0.07%) and Carson Advisory Inc. (0.05%). Insiders that own company stock include Blayne Rhynsburger, Brett G Taylor, Erik B Daugbjerg, Kkr Upstream Associates Llc, Mitch S Wynne, Pep I Holdings, Llc and T Scott Martin.
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.

This page (NYSE:KRP) was last updated on 5/9/2024 by MarketBeat.com Staff

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