Kimbell Royalty Partners with ticker code (KRP) have now 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 25 and 21 with a mean TP of 22.57. Given that the stocks previous close was at 16.11 this now indicates there is a potential upside of 40.1%. The day 50 moving average is 17.63 while the 200 day moving average is 15.57. The company has a market cap of $1,069m. Company Website: https://www.kimbellrp.com
The potential market cap would be $1,498m 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.
