In a report released yesterday, Timothy Howard from Stifel Nicolaus reiterated a Buy rating on Kimbell Royalty Partners Lp (NYSE: KRP), with a price target of $24. The company’s shares closed yesterday at $21.45.
According to TipRanks.com, Howard is a 1-star analyst with an average return of -1.8% and a 58.8% success rate. Howard covers the Basic Materials sector, focusing on stocks such as Antero Midstream Partners, EnLink Midstream Partners, and Black Stone Minerals.
Currently, the analyst consensus on Kimbell Royalty Partners Lp is a Strong Buy with an average price target of $25.75, a 20.0% 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 38.64K.
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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.
