Kimbell Royalty Partners with ticker code (KRP) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 24 and 17 and has a mean target at 20.88. Now with the previous closing price of 14.29 this would indicate that there is a potential upside of 46.1%. There is a 50 day moving average of 14.32 while the 200 day moving average is 13.23. The market cap for the company is $685m. Visit the company website at: https://www.kimbellrp.com
The potential market cap would be $1,001m 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.
