Kimbell Royalty gains on Keybanc upgrade to "overweight"

Kimbell Royalty Partners, LP

07/03/2023 12:27

** Shares of oil and mineral royalty company Kimbell Royalty Partners
 KRP.N  rise 1.5% to $16.5 in premarket trade
    ** Keybanc upgrades stock to 'overweight' from 'sector-weight'
    ** Brokerage says upgrade reflects reasons including co's acquisition of
Hatch Royalty and a large Permian Basin minerals portfolio
    ** Says co's financial liquidity has improved since acquisition
    ** Five of six brokerages rate the stock "buy" or higher and one "hold";
their median PT is $22.5
    ** Shares of KRP were down 2.4% YTD

 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))