Shares of Kimbell Royalty Partners Representing Limited Partner Interests (NYSE:KRP) traded today at $19.70, eclipsing its 52-week high. Approximately 173,000 shares have changed hands today, as compared to an average 30-day volume of 372,000 shares.
Kimbell Royalty Partners Representing Limited Partner Interests share prices have moved between a 52-week high of $19.70 and a 52-week low of $10.00 and are now trading 96% above that low price at $19.56 per share.
Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville and Appalachian Basin. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.
Kimbell Royalty Partners Representing Limited Partner Interests (NYSE:KRP) has potential upside of 47.3% based on a current price of $19.56 and analysts' consensus price target of $28.82.
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