Home » USA Broker Ratings » Kimbell Royalty Partners – Consensus Indicates Potential 30.3% Upside

Kimbell Royalty Partners – Consensus Indicates Potential 30.3% Upside

Kimbell Royalty Partners found using ticker (KRP) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 17 and 7 with a mean TP of 11.1. Now with the previous closing price of 8.52 this is indicating there is a potential upside of 30.3%. There is a 50 day moving average of 6.94 and the 200 day MA is 11.03. The market cap for the company is $569m. Visit the company website at: http://www.kimbellrp.com

Kimbell Royalty Partners, LP acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2019, the company owned mineral and royalty interests in approximately 8.9 million gross acres and overriding royalty interests in approximately 4.6 million gross acres. Its mineral and royalty interests are located in 28 states and include ownership in approximately 94,000 gross producing wells, including approximately 40,000 wells in the Permian Basin. Kimbell Royalty GP, LLC serves as the general partner of the company. Kimbell Royalty Partners, LP was founded in 2013 and is based in Fort Worth, Texas.

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