In a report released yesterday, T J Schultz from RBC Capital maintained a Buy rating on Kimbell Royalty Partners (KRP), with a price target of $13.00. The company’s shares closed last Thursday at $8.50.
According to TipRanks.com, Schultz is a 5-star analyst with an average return of 12.8% and a 62.6% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Oasis Midstream Partners, and NGL Energy Partners.
Currently, the analyst consensus on Kimbell Royalty Partners is a Strong Buy with an average price target of $12.25, representing a 41.5% upside. In a report issued on December 8, Raymond James also reiterated a Buy rating on the stock with a $12.00 price target.
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The company has a one-year high of $17.72 and a one-year low of $3.51. Currently, Kimbell Royalty Partners has an average volume of 172.7K.
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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.
