In a report released today, John Freeman from Raymond James maintained a Buy rating on Kimbell Royalty Partners Lp (NYSE: KRP), with a price target of $30. The company’s shares opened today at $20.99.
According to TipRanks.com, Freeman is a 5-star analyst with an average return of 10.5% and a 59.4% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
Currently, the analyst consensus on Kimbell Royalty Partners Lp is a Strong Buy with an average price target of $26.25, a 25.1% upside from current levels. In a report issued on August 9, Stifel Nicolaus also reiterated a Buy rating on the stock with a $24 price target.
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The company has a one-year high of $24.50 and a one-year low of $15.26. Currently, Kimbell Royalty Partners Lp has an average volume of 35.02K.
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Kimbell Royalty Partners LP engages in owning and acquiring mineral and royalty interests in oil and natural gas properties. The company was founded on October 30, 2015 and is headquartered in Fort Worth, TX.
