Kimbell Royalty Partners (KRP) Stock Forecast & Price Target

$16.04 0.00 (0.00%)

(As of 11/22/2024 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

Sell
1

Hold
0

Buy
5

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

$20.50
27.81% Upside

According to the 6 analysts' twelve-month price targets for Kimbell Royalty Partners, the average price target is $20.50. 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 27.81% from the current price of $16.04.

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KRP Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
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)	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.50	$20.50	$21.00	$20.75
Forecasted Upside	27.81% Upside	26.62% Upside	31.99% Upside	33.87% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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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.

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	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	27.81% Upside	1,453.22% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent KRP 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
10/16/2024	KeyCorp 3 of 5 stars	Lower Target	Overweight ➝ Overweight	$21.00 ➝ $20.00	+25.23%
9/30/2024	Truist Financial 2 of 5 stars	Lower Target	Buy ➝ Buy	$23.00 ➝ $21.00	+31.66%
6/14/2024	Bank of America 4 of 5 stars	Reiterated Rating	Underperform	$16.00	-0.44%
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 11:15 PM ET.

KRP Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Kimbell Royalty Partners is $20.50, with a high forecast of $25.00 and a low forecast of $16.00.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kimbell Royalty Partners in the last twelve months. There is currently 1 sell rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KRP shares.
: According to analysts, Kimbell Royalty Partners's stock has a predicted upside of 27.81% based on their 12-month stock forecasts.
: Kimbell Royalty Partners has been rated by research analysts at KeyCorp, and Truist Financial in the past 90 days.
: 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 2.63. Learn more on how KRP compares to other companies.

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This page (NYSE:KRP) was last updated on 11/23/2024 by MarketBeat.com Staff

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Kimbell Royalty Partners (KRP) Stock Forecast & Price Target