Kimbell Royalty Partners LP (KRP) Formed a Wedge Up Pattern, Could Be One of The Best Performers Soon

November 21, 2017 - By Ellis Scott

The stock of Kimbell Royalty Partners LP (KRP) formed an up wedge with $18.13 target or 7.00 % above today’s $16.94 share price. The 6 months wedge indicates low risk for the $279.68M company. If the $18.13 price target is reached, the company will be worth $19.58 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 100 shares traded. Kimbell Royalty Partners LP (NYSE:KRP) has 0.00% since November 21, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Kimbell Royalty Partners LP (NYSE:KRP) to report earnings on February, 8. KRP’s profit will be $1.98M for 35.29 P/E if the $0.12 EPS becomes a reality. After $0.01 actual EPS reported by Kimbell Royalty Partners LP for the previous quarter, Wall Street now forecasts 1,100.00 % EPS growth.

More notable recent Kimbell Royalty Partners LP (NYSE:KRP) news were published by: Prnewswire.com which released: “Kimbell Royalty Partners Announces First Quarter 2017 Earnings Release and …” on March 30, 2017, also Prnewswire.com with their article: “Kimbell Royalty Partners Announces Third Quarter 2017 Results; Completes …” published on November 09, 2017, Prnewswire.com published: “Kimbell Royalty Partners Announces First Quarter 2017 Preliminary Financial …” on May 08, 2017. More interesting news about Kimbell Royalty Partners LP (NYSE:KRP) were released by: Prnewswire.com and their article: “Kimbell Royalty Partners, LP Files Registration Statement For Proposed Initial …” published on January 06, 2017 as well as Prnewswire.com‘s news article titled: “Kimbell Royalty Partners Launches Initial Public Offering” with publication date: January 25, 2017.

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