Kimbell Royalty Partners with ticker code (KRP) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 23 and 18 and has a mean target at 21. With the stocks previous close at 17.21 this would indicate that there is a potential upside of 22.0%. The 50 day moving average now sits at 16.12 while the 200 day moving average is 14.1. The market cap for the company is $1,144m. Visit the company website at: https://www.kimbellrp.com
The potential market cap would be $1,396m 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.
