Kimbell Royalty Partners with ticker code (KRP) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 24 and 17 calculating the average target price we see 20.71. Now with the previous closing price of 17.24 this indicates there is a potential upside of 20.1%. The 50 day moving average now sits at 15.51 and the 200 moving average now moves to 13.82. The market cap for the company is $1,117m. Company Website: https://www.kimbellrp.com
The potential market cap would be $1,342m based on the market concensus.
Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company’s mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.
