Kimbell Royalty Partners, LP (KRP)
NYSE: KRP · IEX Real-Time Price · USD
16.59
+0.06 (0.36%)
Jul 2, 2024, 4:00 PM EDT - Market closed
KRP Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for KRP stock have an average target of 19.83, with a low estimate of 16 and a high estimate of 21. The average target predicts an increase of 19.53% from the current stock price of 16.59.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for KRP stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Sell Initiates $16 | Sell | Initiates | $16 | -3.56% | Jun 14, 2024 |
| Keybanc | Keybanc | Buy Maintains $20 → $21 | Buy | Maintains | $20 → $21 | +26.58% | Apr 22, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $22 → $21 | Strong Buy | Maintains | $22 → $21 | +26.58% | Apr 5, 2024 |
| Truist Securities | Truist Securities | Strong Buy Initiates $22 | Strong Buy | Initiates | $22 | +32.61% | Jan 30, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $22 → $20 | Strong Buy | Maintains | $22 → $20 | +20.55% | Jan 24, 2024 |
Financial Forecast
Revenue This Year
329.21M
from 294.07M
Increased by 11.95%
Revenue Next Year
349.97M
from 329.21M
Increased by 6.31%
EPS This Year
0.72
from 0.91
Decreased by -20.64%
EPS Next Year
0.75
from 0.72
Increased by 4.29%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 353.9M | 392.7M | 398.0M |
| Avg | 329.2M | 350.0M | 358.3M |
| Low | 308.5M | 302.4M | 323.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 20.3% | 19.3% | 13.7% |
| Avg | 12.0% | 6.3% | 2.4% |
| Low | 4.9% | -8.1% | -7.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.78 | 1.05 | 1.14 |
| Avg | 0.72 | 0.75 | 0.69 |
| Low | 0.68 | 0.41 | 0.28 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -14.6% | 45.4% | 52.0% |
| Avg | -20.6% | 4.3% | -7.9% |
| Low | -25.7% | -43.4% | -63.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.