RBC Capital analyst T J Schultz maintained a Buy rating on Kimbell Royalty Partners (KRP) on March 16 and set a price target of $13.00. The company’s shares closed last Monday at $5.86, close to its 52-week low of $5.63.
According to TipRanks.com, Schultz is a 5-star analyst with an average return of 7.9% and a 57.9% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners, Oasis Midstream Partners, and Black Stone Minerals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kimbell Royalty Partners with a $16.71 average price target, a 166.5% upside from current levels. In a report issued on March 9, Raymond James also maintained a Buy rating on the stock with a $15.00 price target.
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The company has a one-year high of $18.79 and a one-year low of $5.63. Currently, Kimbell Royalty Partners has an average volume of 274.7K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KRP in relation to earlier this year.
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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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