On 6/20/24, KNOT Offshore Partners LP (NYSE: KNOP) stock enjoyed a major increase of 16.1%, closing at $8.07. Moreover, trading volume in this advance was exceptionally high at 442% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.8% during the last week.
Current PriceTarget Research Rating
KNOP is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
KNOT Offshore Partners has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. KNOT Offshore Partners has a neutral Power Rating of 52 but a good Appreciation Score of 83, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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