Wall Street Analysts Think Kimbell Royalty (KRP) Could Surge 27.4%: Read This Before Placing a Bet

Group 1 - Kimbell Royalty (KRP) shares have increased by 4.4% over the past four weeks, closing at $14.6, with a mean price target of $18.6 indicating a potential upside of 27.4% [1] - The average price targets range from a low of $12.00 to a high of $24.00, with a standard deviation of $4.98, suggesting variability in analyst estimates [2] - Analysts show a consensus that KRP will report better earnings than previously estimated, which historically correlates with stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for KRP's current year earnings has risen by 45.9% over the last 30 days, with two estimates moving higher and no negative revisions [12] - KRP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting the extent of KRP's gains, they can provide guidance on the direction of price movement [14]