Kimbell Royalty Partners with ticker code (KRP) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 24 and 17 and has a mean target at 20.5. Given that the stocks previous close was at 14.46 this is indicating there is a potential upside of 41.8%. The 50 day moving average now sits at 14.26 while the 200 day moving average is 13.12. The market capitalisation for the company is $675m. You can visit the company’s website by visiting: https://www.kimbellrp.com
The potential market cap would be $957m 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 February 26, 2021, the company owned mineral and royalty interests in approximately 13 million gross acres and overriding royalty interests in approximately 4.6 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 97,000 gross producing wells, including approximately 41,000 wells in the Permian Basin. Kimbell Royalty GP, LLC serves as the general partner of the company. Kimbell Royalty Partners, LP was founded in 2013 and is based in Fort Worth, Texas.
