Kimbell Royalty Partners LP [KRP] stock prices are down -1.34% to $15.41 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The KRP shares have lost -2.22% over the last week, with a monthly amount drifted -2.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kimbell Royalty Partners LP [NYSE: KRP] stock has seen the most recent analyst activity on January 30, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $22. Previously, BofA Securities started tracking the stock with Buy rating on October 30, 2023, and set its price target to $19. On March 07, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $21 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. Citigroup initiated its recommendation with a Buy and recommended $24 as its price target on August 25, 2022. Stephens started tracking with a Overweight rating for this stock on April 14, 2022, and assigned it a price target of $22. In a note dated November 30, 2021, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $15 to $18.
The stock price of Kimbell Royalty Partners LP [KRP] has been fluctuating between $14.26 and $17.07 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Kimbell Royalty Partners LP [NYSE: KRP] shares were valued at $15.41 at the most recent close of the market. An investor can expect a potential return of 36.28% based on the average KRP price forecast.
Analyzing the KRP fundamentals
The Kimbell Royalty Partners LP [NYSE:KRP] reported sales of 325.00M for trailing twelve months, representing a surge of 3.30%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.29 points at the first support level, and at 15.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.64, and for the 2nd resistance point, it is at 15.86.
Ratios To Look Out For
It’s worth pointing out that Kimbell Royalty Partners LP [NYSE:KRP]’s Current Ratio is 5.20. On the other hand, the Quick Ratio is 4.80, and the Cash Ratio is 1.96. Considering the valuation of this stock, the price to sales ratio is 4.53, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 29.63.
Transactions by insiders
Recent insider trading involved Rhynsburger Blayne, Controller, that happened on Nov 12 ’24 when 5000.0 shares were sold. Controller, Rhynsburger Blayne completed a deal on Aug 14 ’24 to sell 5000.0 shares. Meanwhile, Director Wynne Mitch S. sold 27539.0 shares on Jun 18 ’24.
