KeyBanc Upgrades Kimbell Royalty Partners (KRP) to Overweight

Kimbell Royalty Partners, LP (NYSE:KRP) is one of the MLP Stocks List: 20 Largest MLPs.

KeyBanc Upgrades Kimbell Royalty Partners (KRP) to Overweight

On April 2, 2026, KeyBanc upgraded its rating on Kimbell Royalty Partners, LP (NYSE:KRP) from Sector Weight to Overweight. The firm’s analyst Tim Rezvan kept a $17 price target on the stock. The firm raised its 12-month yield projection to 13.5%, up from 10.5%, driven by a strong oil price outlook. According to the firm’s analyst, the rising oil prices will mitigate concerns regarding production declines in the lower 48 states. In addition, the firm believes that a stronger pricing environment could encourage sellers to pursue bolt-on acquisitions.

Prior to this update, on March 31, 2026, Citi adjusted its price target on Kimbell Royalty Partners, LP (NYSE:KRP), pushing it up from $17 to $19 while maintaining a Buy rating on the stock. Incorporating higher oil and gas price forecasts, the firm adjusted its small-cap exploration and production models. Alongside an intense capital discipline, the firm sees a notable focus on shareholder returns from the oil-weighted companies.

Founded in 1998, Kimbell Royalty Partners, LP (NYSE:KRP) is a premier owner of pure mineral and royalty interests across the leading basins in the U.S. Based in Texas, the company manages over 17 million gross acres across all major onshore basins, including the Permian, Eagle Ford, and Haynesville.

While we acknowledge the risk and potential of KRP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KRP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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