RBC Capital analyst T J Schultz maintained a Buy rating on Kimbell Royalty Partners (KRP – Research Report) on July 27 and set a price target of $23.00. The company’s shares closed yesterday at $15.81.
According to TipRanks, J Schultz is a top 100 analyst with an average return of 15.2% and a 68.27% success rate. J Schultz covers the Energy sector, focusing on stocks such as Equitrans Midstream, Delek US Holdings, and Enterprise Products Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Kimbell Royalty Partners.
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The company has a one-year high of $18.28 and a one-year low of $13.54. Currently, Kimbell Royalty Partners has an average volume of 318.9K.
Based on the recent corporate insider activity of 25 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.
