Kimbell Royalty Partners LP [NYSE: KRP] traded at a low on Wednesday, posting a -5.29 loss after which it closed the day’ session at $15.41.
The results of the trading session contributed to over 4888611 shares changing hands. Over the past one week, the price volatility of Kimbell Royalty Partners LP stands at 1.91% while the volatility over the past one month is 1.81%.
The market cap for KRP stock reached $1.47 billion, with 95.49 million shares outstanding and 67.39 million shares in the current float. Compared to the average trading volume of 490.30K shares, KRP reached a trading volume of 4888611 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Kimbell Royalty Partners LP [KRP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KRP shares is $20.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KRP stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Kimbell Royalty Partners LP shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 30, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on October 30, 2023, representing the official price target for Kimbell Royalty Partners LP stock. Previously, the target price had yet another raise to $21, while KeyBanc Capital Markets analysts kept a Overweight rating on KRP stock.
The Average True Range (ATR) for Kimbell Royalty Partners LP is set at 0.33, with the Price to Sales ratio for KRP stock in the period of the last 12 months amounting to 4.53. The Price to Book ratio for the last quarter was 2.35, with the Price to Cash per share for the same quarter was set at 0.36. Price to Free Cash Flow for KRP in the course of the last twelve months was 5.82 with Quick ratio for the last quarter at 4.80.
How has KRP stock performed recently?
Kimbell Royalty Partners LP [KRP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.05. With this latest performance, KRP shares dropped by -2.10% in over the last four-week period, additionally sinking by -8.65% over the last 6 months – not to mention a rise of 2.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KRP stock in for the last two-week period is set at 38.92, with the RSI for the last a single of trading hit 34.51, and the three-weeks RSI is set at 41.37 for Kimbell Royalty Partners LP [KRP]. The present Moving Average for the last 50 days of trading for this stock 16.00, while it was recorded at 16.15 for the last single week of trading, and 16.13 for the last 200 days.
Kimbell Royalty Partners LP [KRP]: Deeper insight into the fundamentals
Kimbell Royalty Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.80 and a Current Ratio set at 5.20.
Earnings analysis for Kimbell Royalty Partners LP [KRP]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KRP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kimbell Royalty Partners LP go to 11.87%.
Insider trade positions for Kimbell Royalty Partners LP [KRP]
There are presently around $36.19%, or 38.30%% of KRP stock, in the hands of institutional investors. The top three institutional holders of KRP stocks are: RIDGEMONT PARTNERS MANAGEMENT, LLC with ownership of 5.89 million shares, which is approximately 8.1688%. ENCAP ENERGY CAPITAL FUND VIII, L.P., holding 4.54 million shares of the stock with an approximate value of $$74.31 million in KRP stocks shares; and ENCAP ENERGY CAPITAL FUND VIII, L.P., currently with $$37.42 million in KRP stock with ownership which is approximately 3.1717%.
