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Kimbell Royalty Partners

KRPNYSE
Logo brought to you by Benzinga Data
$15.94
0.050.31%
At Close: -
$16.00
0.060.38%
After Hours: 9:03 AM EDT
15 minutes delayed
Consensus Rating1
Overweight
Highest Price Target1
$23.00
Lowest Price Target1
$16.00
Consensus Price Target1
$20.00

Kimbell Royalty Partners (NYSE:KRP) Stock, Analyst Ratings, Price Targets, Forecasts

Kimbell Royalty Partners LP has a consensus price target of $20 based on the ratings of 10 analysts. The high is $23 issued by Truist Securities on August 2, 2024. The low is $16 issued by B of A Securities on June 14, 2024. The 3 most-recent analyst ratings were released by Truist Securities, Truist Securities, and B of A Securities on August 2, 2024, July 22, 2024, and June 14, 2024, respectively. With an average price target of $20.33 between Truist Securities, Truist Securities, and B of A Securities, there's an implied 27.08% upside for Kimbell Royalty Partners LP from these most-recent analyst ratings.

Analyst Trends and Forecast
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Apr
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0
Jul
0
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Aug
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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4.0
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Truist Securities
B of A Securities
Keybanc
Raymond James
Stifel

1calculated from analyst ratings

Analyst Ratings for Kimbell Royalty Partners

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Kimbell Royalty Partners (KRP) stock?

A

The latest price target for Kimbell Royalty Partners (NYSE:KRP) was reported by Truist Securities on August 2, 2024. The analyst firm set a price target for $23.00 expecting KRP to rise to within 12 months (a possible 43.75% upside). 9 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Kimbell Royalty Partners (KRP)?

A

The latest analyst rating for Kimbell Royalty Partners (NYSE:KRP) was provided by Truist Securities, and Kimbell Royalty Partners maintained their buy rating.

Q

When was the last upgrade for Kimbell Royalty Partners (KRP)?

A

The last upgrade for Kimbell Royalty Partners LP happened on March 7, 2023 when Keybanc raised their price target to $21. Keybanc previously had a sector weight for Kimbell Royalty Partners LP.

Q

When was the last downgrade for Kimbell Royalty Partners (KRP)?

A

There is no last downgrade for Kimbell Royalty Partners.

Q

When is the next analyst rating going to be posted or updated for Kimbell Royalty Partners (KRP)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Kimbell Royalty Partners, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Kimbell Royalty Partners was filed on August 2, 2024 so you should expect the next rating to be made available sometime around August 2, 2025.

Q

Is the Analyst Rating Kimbell Royalty Partners (KRP) correct?

A

While ratings are subjective and will change, the latest Kimbell Royalty Partners (KRP) rating was a maintained with a price target of $22.00 to $23.00. The current price Kimbell Royalty Partners (KRP) is trading at is $16.00, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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