At the time of writing, Kimbell Royalty Partners LP [KRP] stock is trading at $16.45, up 0.24%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KRP shares have gain 4.51% over the last week, with a monthly amount glided 1.92%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Kimbell Royalty Partners LP fluctuated between $14.26 and $17.07. 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 $16.45 at the most recent close of the market. An investor can expect a potential return of 27.66% based on the average KRP price forecast.
Analyzing the KRP fundamentals
According to Kimbell Royalty Partners LP [NYSE:KRP], the company’s sales were 325.00M for trailing twelve months, which represents an 3.30% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
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 16.38 points at the first support level, and at 16.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.53, and for the 2nd resistance point, it is at 16.61.
Ratios To Look Out For
It is important to note that Kimbell Royalty Partners LP [NYSE:KRP] has a current ratio of 5.20. In addition, the Quick Ratio stands at 4.80 and the Cash Ratio stands at 1.96. Considering the valuation of this stock, the price to sales ratio is 4.83, the price to book ratio is 2.50 and price to earnings (TTM) ratio is 31.63.
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.
