Kimbell Royalty Partners price target raised to $19 from $17 at Citi

Citi raised the firm’s price target on Kimbell Royalty Partners (KRP) to $19 from $17 and keeps a Buy rating on the shares. The firm updated small-cap exploration and production models to reflect higher oil and gas price forecasts. Citi believes oil weighted companies are showing “robust capital discipline and a strong focus on shareholder returns.”