Kimbell Royalty Partners LP (KRP) PT Lowered to $22 at Stephens
Get Alerts KRP Hot Sheet
Price: $15.45 +1.38%
Rating Summary:
13 Buy, 0 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Rating Summary:
13 Buy, 0 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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Stephens lowered its price target on Kimbell Royalty Partners LP (NYSE: KRP) to $22.00 (from $24.00) while maintaining a Overweight rating.
Analyst Matt Schmid sees an attractive risk/reward citing the company portfolio of mineral and royalty interests. The analyst says Q2 production trends were encouraging and believes that "an increase in drilling activity on KRP's acreage since YE16 provides the potential for strong-than-anticipated 2H17 organic production."
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