Kimbell Royalty Partners with ticker code (KRP) have now 7 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The target price ranges between 26 and 21 with the average target price sitting at 23.71. With the stocks previous close at 17.75 this now indicates there is a potential upside of 33.6%. There is a 50 day moving average of 16.86 while the 200 day moving average is 16.14. The market capitalisation for the company is $1,308m. Company Website: https://www.kimbellrp.com
The potential market cap would be $1,748m 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.
