In a report issued on August 9, John Freeman from Raymond James maintained a Buy rating on Kimbell Royalty Partners Lp (NYSE: KRP), with a price target of $29. The company’s shares opened today at $21.28.
According to TipRanks.com, Freeman is a 5-star analyst with an average return of 13.3% and a 68.0% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Petroleo Brasileiro SA- Petrobras, and CNX Resources Corporation.
Kimbell Royalty Partners Lp has an analyst consensus of Strong Buy, with a price target consensus of $26, implying a 22.2% upside from current levels. In a report issued on July 25, RBC Capital also reiterated a Buy rating on the stock with a $26 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 38.22K.
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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.
