Kimbell Royalty Partners ( (KRP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Kimbell Royalty Partners’ stock took a hit after Raymond James downgraded it from Strong Buy to Market Perform. This decision was influenced by anticipated short-term challenges, including series A redemptions and more attractive yield opportunities in the sector. The downgrade also reflects a pessimistic outlook on Kimbell’s 2025 distribution, expected to drop significantly due to a weakened production forecast and declining commodity strip prices. Despite the downgrade, the overall analyst consensus remains a Moderate Buy with an average price target of $21.00, although Raymond James did not provide a new price target.
More about Kimbell Royalty Partners
YTD Price Performance: -6.64%
Average Trading Volume: 808,797
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.01B
For further insights into KRP stock on TipRanks’ Stock Analysis page.
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