How to Buy Kimbell Royalty Partners Stock
Kimbell Royalty Partners LP
Kimbell Royalty Partners is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker KRP on the NYSE exchange.
Kimbell Royalty Partners stock last closed at $16.09, up 0.81% from the previous day, and has increased 0.06% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.16 percentage points. Kimbell Royalty Partners stock is currently +14.76% from its 52-week low of $14.02, and -5.96% from its 52-week high of $17.11.
As of Apr 19, 2024, there are 94.7M shares of KRP outstanding. The market value of KRP is $1.52B. In the last 24 hours, 260,338 KRP shares were traded.
How to Buy Kimbell Royalty Partners Stock
Not sure how to invest in Kimbell Royalty Partners stock? Here's how.
- Decide where to buy Kimbell Royalty Partners stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Kimbell Royalty Partners stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your details.
- Evaluate Kimbell Royalty Partners stock: The Kimbell Royalty Partners ticker symbol is KRP. Is Kimbell Royalty Partners stock a good investment? Should you buy shares of KRP? How do KRP's underlying business fundamentals look? Do top analysts think Kimbell Royalty Partners is a good buy? Why has KRP's stock price moved recently? (Hint: Our stock market analysis website can help you understand if KRP is a good stock to buy).
- Execute your KRP buy order: Decide if you will purchase KRP shares at the current market price or use a limit order to purchase KRP shares at a particular price.
- Monitor your KRP investment: Create a watchlist to important updates regarding your investment in Kimbell Royalty Partners stock.
Step 1: Decide where to buy Kimbell Royalty Partners stock
You need an online brokerage account to access the NYSE market and buy KRP stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you are able to invest in KRP today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you've filled out your info on one of the most highly reviewed stock apps, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing funds into your investment account.
Step 4: Evaluate Kimbell Royalty Partners stock
After you have chosen the best place to buy Kimbell Royalty Partners stock, it's very important to research their stock before you invest, so you actually understand the risk and opportunity.
Overview of key KRP info
KRP Due Diligence Checks
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on KRP's stock page.
Is KRP stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge KRP's intrinsic value.
Using relative valuations metrics:
- KRP may be overvalued based on its P/E ratio of 17.3x, relative to Oil & Gas E&P industry P/E ratio of 13.21x
- KRP may be overvalued based on its P/B ratio of 2.27x, relative to Oil & Gas E&P industry P/B ratio of 2.13x
- KRP may be undervalued based on its PEG ratio of 0.82x
You can do additional valuation research on KRP's stock here.
KRP Financial Health
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the KRP balance sheet.
Failed Financial Due Diligence Checks:
- Total KRP debt is higher than 5 years ago, relative to shareholder equity.
- KRP has $42.42M in cash and short term investments. This is not enough to cover its annual cash burn of $316.54M.
- KRP has a relatively high debt to equity ratio of 0.46.
- KRP has cash burn of 316539144. It does not have enough cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the KRP balance sheet.
- KRP profit margin has gone down from 45.1% to 20.5% in the past year.
Is it a good time to buy Kimbell Royalty Partners stock, according to Wall Street analysts?
Out of 4 sell side analysts who give forecasts on KRP, the consensus analyst rating on KRP is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Kimbell Royalty Partners stock forecast page.
KRP Technicals
KRP Growth Metrics
Last year, KRP earnings were $60.14M. In the past 2 year, KRP's earnings have increased by 28.87% per year. This was faster than the Oil & Gas E&P industry average of 15.48%.
Last year, KRP revenue was $294.07M. In the last 5 year, KRP's revenue has gone up by 33.15% per year. This was faster than the Oil & Gas E&P industry average of 19.62%.
Dig into KRP's earnings and revenue performance here.
Who is buying/selling KRP?
Over the past 12 months, insiders at KRP have sold more shares than they have bought.
Blayne Rhynsburger, Controller of KRP, was the latest KRP insider to sell. They sold $101,197.20 worth of KRP stock on Mar 19, 2024.
Research more about who owns KRP stock here.
Can I rely on KRP as an income stream?
Kimbell Royalty Partners pays a dividend of 10.44%, compared to the Oil & Gas E&P industry's average dividend yield of 3.59%. If you owned $1,000 worth of KRP stock, you would have received $104.41 in the past year.
Kimbell Royalty Partners dividend payments have consistently grown over the past 7 years but have not remained stable.
Find more data about Kimbell Royalty Partners dividend yield and history here.
KRP Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your KRP buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you want additional help investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your KRP investment
Now that you own some KRP shares, you'll want to keep up with your investment.
Start a watchlist to track the latest developments regarding your KRP stock.
KRP Feed
How to Buy Stock in Kimbell Royalty Partners
To summarize, here are the 6 steps to buy Kimbell Royalty Partners stock:
- Decide where to buy Kimbell Royalty Partners stock
- Create a brokerage account
- Fund your investment account
- Evaluate Kimbell Royalty Partners stock
- Execute your KRP buy order
- Monitor your KRP investment
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Kimbell Royalty Partners, create a watchlist today.
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