Kimbell Royalty Partners LP (NYSE: KRP) is -1.91% lower on its value in year-to-date trading and has touched a low of $14.26 and a high of $17.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KRP stock was last observed hovering at around $15.56 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $15.92, the stock is 0.53% and -0.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 2.31% at the moment leaves the stock -1.28% off its SMA200. KRP registered 8.67% gain for a year compared to 6-month loss of -6.24%. The firm has a 50-day simple moving average (SMA 50) of $15.9884 and a 200-day simple moving average (SMA200) of $16.1248.
The stock witnessed a 1.60% gain in the last 1 month and extending the period to 3 months gives it a -2.51%, and is -3.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.21% over the week and 1.87% over the month.
Current P/E ratio is 30.62 and Fwd P/E is 18.91. Profit margin for the company is 18.40%. Distance from 52-week low is 11.64% and -6.74% from its 52-week high. The company has generated returns on investments over the last 12 months (12.80%).
with sales reaching $78.77M over the same period.The EPS is expected to shrink by -47.20% this year, but quarterly earnings will post 8.67% year-over-year. Quarterly sales are estimated to shrink -20.59% in year-over-year returns.
Kimbell Royalty Partners LP (KRP) Top Institutional Holders
187.0 institutions hold shares in Kimbell Royalty Partners LP (KRP), with institutional investors hold 33.88% of the company’s shares. The shares outstanding are 105.49M, and float is at 77.39M with Short Float at 2.49%. Institutions hold 32.21% of the Float.
The top institutional shareholder in the company is RIDGEMONT PARTNERS MANAGEMENT, LLC with over 5.89 million shares valued at $96.37 million. The investor’s holdings represent 8.1688% of the KRP Shares outstanding. As of 2024-06-30, the second largest holder is ENCAP ENERGY CAPITAL FUND VIII, L.P. with 4.54 million shares valued at $74.31 million to account for 6.2984 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 2.29 million shares representing 3.1717% and valued at over $37.42 million, while AMERICAN CENTURY COMPANIES INC holds 2.0914 of the shares totaling 1.51 million with a market value of $24.67 million.
Kimbell Royalty Partners LP (KRP) Insider Activity
The most recent transaction is an insider sale by Rhynsburger Blayne, the company’s Controller. SEC filings show that Rhynsburger Blayne sold 5,000 shares of the company’s common stock on Nov 12 ’24 at a price of $16.41 per share for a total of $82050.0. Following the sale, the insider now owns 45164.0 shares.
Kimbell Royalty Partners LP disclosed in a document filed with the SEC on Aug 14 ’24 that Rhynsburger Blayne (Controller) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 14 ’24 and was made at $15.71 per share for $78550.0. Following the transaction, the insider now directly holds 50164.0 shares of the KRP stock.
Still, SEC filings show that on Jun 18 ’24, Wynne Mitch S. (Director) disposed off 27,539 shares at an average price of $16.16 for $0.45 million. The insider now directly holds 0 shares of Kimbell Royalty Partners LP (KRP).
