Kimbell Royalty Partners LP (NYSE:KRP) shares, rose in value on Friday, January 03, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $16.45.
Actively observing the price movement in the last trading, the stock closed the session at $16.41, falling within a range of $16.39 and $16.5367. The value of beta (5-year monthly) was 1.127 whereas the PE ratio was 31.63 over 12-month period. Referring to stock’s 52-week performance, its high was $17.07, and the low was $14.26. On the whole, KRP has fluctuated by 1.92% over the past month.
With the market capitalization of Kimbell Royalty Partners LP currently standing at about $1.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.75, with its dividend yield at 10.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 319.41M, with a low estimate of 71.94M and a high estimate of 82.13M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 77.02M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KRP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.67, with the price of KRP currently trading nearly 4.03% and 2.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.88, while the 7-day volatility ratio is showing 1.53% which for the 30-day chart, stands at 1.75%. Furthermore, Kimbell Royalty Partners LP (KRP)’s beta value is 1.08, and its average true range (ATR) is 0.27.
A comparison of Kimbell Royalty Partners LP (KRP) with its peers suggests the former has fared considerably weaker in the market. KRP showed an intraday change of 0.24% in last session, and over the past year, it grew by 6.54%%.
Data on historical trading for Kimbell Royalty Partners LP (NYSE:KRP) indicates that the trading volumes over the past 10 days have averaged 0.49 and over the past 3 months, they’ve averaged 485.81K. According to company’s latest data on outstanding shares, there are 95.49 million shares outstanding.
Nearly 5.30% of Kimbell Royalty Partners LP’s shares belong to company insiders and institutional investors own 25.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.99 million shares as on 2024-12-13, resulting in a short ratio of 3.76. According to the data, the short interest in Kimbell Royalty Partners LP (KRP) stood at 259.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 1.77 million. The stock has risen by 1.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KRP stock heading into the next quarter.
