News headlines about Kimbell Royalty (NYSE:KRP) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kimbell Royalty earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 46.508811381087 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages have recently commented on KRP. Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 target price on shares of Kimbell Royalty in a research report on Tuesday, November 7th. Zacks Investment Research cut Kimbell Royalty from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $21.33.
Kimbell Royalty (KRP) traded down $0.04 during midday trading on Monday, reaching $16.26. The company’s stock had a trading volume of 10,200 shares, compared to its average volume of 10,975. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.23 and a current ratio of 5.23. Kimbell Royalty has a 12 month low of $15.06 and a 12 month high of $20.89.
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About Kimbell Royalty
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. As of December 31, 2015, the Company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 0.9 million gross acres, with approximately 44% of its acres located in the Permian Basin.
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