The stock of KNOT Offshore Partners LP (NYSE:KNOP) is a huge mover today! About 109,215 shares traded hands or 20.56% up from the average. KNOT Offshore Partners LP (NYSE:KNOP) has risen 21.47% since April 5, 2016 and is uptrending. It has outperformed by 19.52% the S&P500.
The move comes after 5 months positive chart setup for the $573.38 million company. It was reported on Nov, 7 by Barchart.com. We have $32.83 PT which if reached, will make NYSE:KNOP worth $338.29 million more.
KNOT Offshore Partners LP (NYSE:KNOP) Ratings Coverage
Out of 6 analysts covering KNOT Offshore Partners (NYSE:KNOP), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. KNOT Offshore Partners has been the topic of 11 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Friday, August 14 the stock rating was maintained by Barclays Capital with “Overweight”. Barclays Capital maintained the shares of KNOP in a report on Wednesday, August 17 with “Equal-Weight” rating. Wells Fargo initiated KNOT Offshore Partners LP (NYSE:KNOP) on Tuesday, August 25 with “Market Perform” rating. The firm earned “Outperform” rating on Monday, February 22 by RBC Capital Markets. Clarkson Platou Securities downgraded the stock to “Neutral” rating in Wednesday, October 14 report. The firm earned “Equal Weight” rating on Monday, January 11 by Barclays Capital. The company was downgraded on Tuesday, January 12 by Citigroup. The firm has “Neutral” rating by Citigroup given on Monday, July 11. The firm earned “Outperform” rating on Friday, August 14 by RBC Capital Markets.
According to Zacks Investment Research, “KNOT Offshore Partners LP is engaged in owning, acquiring and operating shuttle tankers, designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. KNOT Offshore Partners LP is based in Aberdeen, the United Kingdom.”
More notable recent KNOT Offshore Partners LP (NYSE:KNOP) news were published by: Seekingalpha.com which released: “KNOT Offshore Partners LP’s (KNOP) CEO John Costain on Q3 2016 Results …” on November 03, 2016, also Businesswire.com with their article: “Knot Offshore Partners LP Earnings Release-Interim Results for the Period …” published on November 01, 2016, Businesswire.com published: “KNOT Offshore Partners LP Announces Third Quarter 2016 Cash Distribution” on October 13, 2016. More interesting news about KNOT Offshore Partners LP (NYSE:KNOP) were released by: Nasdaq.com and their article: “KNOT Offshore Partners LP (KNOP) Ex-Dividend Date Scheduled for October 28, 2016” published on October 27, 2016 as well as Businesswire.com‘s news article titled: “KNOT Offshore Partners LP Announces Third Quarter 2016 Earnings Results …” with publication date: October 17, 2016.
KNOP Company Profile
KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), incorporated on February 21, 2013, 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). The Firm 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. KNOT Offshore Partners GP LLC is the general partner of the Partnership.
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