In a report released today, Timothy Howard from Stifel Nicolaus maintained a Buy rating on Kimbell Royalty Partners Lp (NYSE: KRP), with a price target of $25. The company’s shares closed on Friday at $22.45, close to its 52-week high of $22.70.
According to TipRanks.com, Howard is a 1-star analyst with an average return of -4.4% and a 41.7% success rate. Howard covers the Basic Materials sector, focusing on stocks such as CNX Midstream Partners LP, Black Stone Minerals, and Dominion Midstream.
Kimbell Royalty Partners Lp has an analyst consensus of Moderate Buy, with a price target consensus of $24.
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Based on Kimbell Royalty Partners Lp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $52.82 million. In comparison, last year the company had a GAAP net loss of $213.6K.
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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.
