Kimbell Royalty Partners LP (KRP) saw an uptrend of 0.82% in the recent trading with $15.94 being its most recent. The current price level -6.62% lower than the highest price of $17.07 marked by the stock while trading over the past 52-weeks, whereas it is 6.62% higher than the lowest price of $14.95 the company dropped to over past 52-weeks. The latest news story on KRP appeared in (PR Newswire) under the title “Kimbell Royalty Partners Closes $230 Million Acquisition of Midland Basin Mineral and Royalty Interests in Cash Transaction”.
Squeezing the time span to 30 day period shows us the stock is currently trading -1.67% below one month high and is +4.94% above of the lowest during that time. Looking into the simple moving average, Kimbell Royalty Partners LP (KRP)’s stock stands at a SMA-50 of $15.74 while that of 5-day is reading $15.69.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and KRP’s SMA-200 as of now is $16.09.
Kimbell Royalty Partners LP Earnings – What Happened With KRP
Coming around sales and income figures on KRP Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
KRP – Kimbell Royalty Partners LP Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 105.49 million. KRP does have institutional investors; and they hold 30.30% of the stock.
Kimbell Royalty Partners LP – Insider Activity and Holdings
As on 2024-06-30, RIDGEMONT PARTNERS MANAGEMENT, LLC was the top most holder in Kimbell Royalty Partners LP (NYSE:KRP) with an ownership of 5.89 million shares of the company or 7.8716 of the stake worth $96.37 million. The filing also reveals ENCAP ENERGY CAPITAL FUND VIII, L.P. as the second largest holder in the company with a control over 6.0693 of the outstanding shares. Its stake is worth $74.31 million for having 4.54 million shares in hand.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Kimbell Royalty Partners LP has a debt to equity ratio of 0.48.
Technical Analysis of Kimbell Royalty Partners LP (NYSE:KRP) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Kimbell Royalty Partners LP (KRP), we notice that the stock’s 20-day average volume is at 794,430 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 801,086 shares. And to end, KRP’s 100-day average volume is 626,752 shares with 50% of the long-term indicators pointing towards Sell for the stock.
