Wells Fargo analyst Gordon Douthat maintained a Buy rating on Kimbell Royalty Partners (KRP) on December 6. The company’s shares closed last Monday at $16.11.
According to TipRanks.com, Douthat has 0 stars on 0-5 star ranking scale with an average return of -7.2% and a 28.3% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Black Stone Minerals, Extraction Oil & Gas, and Jagged Peak Energy.
Currently, the analyst consensus on Kimbell Royalty Partners is a Strong Buy with an average price target of $20.00.
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The company has a one-year high of $18.80 and a one-year low of $13.01. Currently, Kimbell Royalty Partners has an average volume of 96.77K.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KRP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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