Published On: Wed, Oct 19th, 2016

Analyst Review: KNOT Offshore Partners LP (NYSE:KNOP)


A number of investment brokers have recently updated their price targets on shares of KNOT Offshore Partners LP (NYSE:KNOP).

Most recent broker ratings

05/17/2016 – KNOT Offshore Partners LP had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 22 price target on the stock.

02/22/2016 – KNOT Offshore Partners LP had its “equal weight” rating reiterated by analysts at Barclays. They now have a USD 17 price target on the stock.

02/19/2016 – KNOT Offshore Partners LP had its “buy” rating reiterated by analysts at UBS. They now have a USD 24 price target on the stock.

01/12/2016 – KNOT Offshore Partners LP had its “neutral” rating reiterated by analysts at Citigroup. They now have a USD 14 price target on the stock.

10/14/2015 – KNOT Offshore Partners LP had its “neutral” rating reiterated by analysts at Clarkson Platou. They now have a USD 20 price target on the stock.

08/25/2015 – Wells Fargo began new coverage on KNOT Offshore Partners LP giving the company a “market perform” rating.

05/12/2015 – KNOT Offshore Partners LP was downgraded to “sell” by analysts at Zacks.

02/20/2015 – KNOT Offshore Partners LP had its “outperform” rating reiterated by analysts at Raymond James. They now have a USD 25 price target on the stock.

02/28/2014 – Clarkson Capital began new coverage on KNOT Offshore Partners LP giving the company a “outperform” rating. They now have a USD 34 price target on the stock.

02/03/2014 – Thomson Reuters/Verus began new coverage on KNOT Offshore Partners LP giving the company a “hold” rating.

The share price of KNOT Offshore Partners LP (NYSE:KNOP) was down -2.39% during the last day of trading, with a day high of 21.15. 113796 shares were traded during the last session.

The stock’s 50 day moving average is 19.81 and its 200 day moving average is 18.76. The stock’s market capitalization is 566.14M. KNOT Offshore Partners LP has a 52-week low of 9.68 and a 52-week high of 21.25.

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership) owns, operates and shuttles tankers under long-term charters. The Partnership is formed for the purpose of acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte S.A. (Transpetro), Repsol Sinopec Brasil, S.A. (Repsol), BG Group Plc (BG Group), ExxonMobil and Eni Trading and Shipping S.p.A. (ENI) under long-term charters. It has a fleet of approximately 10 shuttle tankers, including Fortaleza Knutsen, Recife Knutsen, Bodil Knutsen, Windsor Knutsen, Carmen Knutsen, Hilda Knutsen, Torill Knutsen, Dan Cisne, Dan Sabia and Ingrid Knutsen.