Kimbell Royalty Partners (KRP) Gets a Buy Rating from Raymond James


In a report issued on March 26, John Freeman from Raymond James reiterated a Buy rating on Kimbell Royalty Partners (KRP), with a price target of $11.00. The company’s shares closed last Tuesday at $8.98.

According to TipRanks.com, Freeman has 0 stars on 0-5 stars ranking scale with an average return of -12.6% and a 32.1% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Black Stone Minerals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kimbell Royalty Partners with a $11.75 average price target, representing a 30.6% upside. In a report issued on March 16, RBC Capital also maintained a Buy rating on the stock with a $13.00 price target.

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Based on Kimbell Royalty Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $24.34 million and GAAP net loss of $16.19 million. In comparison, last year the company earned revenue of $30.47 million and had a GAAP net loss of $12.77 million.

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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.

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