Currently, there are 105.49M common shares owned by the public and among those 80.07M shares have been available to trade.
The company’s stock has a 5-day price change of 1.17% and -4.83% over the past three months. KRP shares are trading -4.00% year to date (YTD), with the 12-month market performance up to 3.18% higher. It has a 12-month low price of $14.95 and touched a high of $17.07 over the same period. KRP has an average intraday trading volume of 739.42K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.15%, -1.11%, and -3.15% respectively.
Institutional ownership of Kimbell Royalty Partners LP (NYSE: KRP) shares accounts for 30.30% of the company’s 105.49M shares outstanding.
It has a market capitalization of $1.64B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 29.96, while the earnings-per-share (ttm) stands at $0.52. The company has a PEG of 8.05 and a Quick Ratio of 4.80 with the debt-to-equity ratio at 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.17% over the week and 1.57% over the month.
Earnings per share for the fiscal year are expected to decrease by -47.20%, and 50.55% over the next financial year. EPS should shrink at an annualized rate of 3.72% over the next five years, compared to 18.10% over the past 5-year period.
Looking at the support for the KRP, a number of firms have released research notes about the stock. Truist stated their Buy rating for the stock in a research note on January 30, 2024, with the firm’s price target at $22. BofA Securities coverage for the Kimbell Royalty Partners LP (KRP) stock in a research note released on October 30, 2023 offered a Buy rating with a price target of $19. Citigroup on their part issued Buy rating on August 25, 2022.
