KNOT Offshore Partners LP (NYSE: KNOP) has reported a loss for its second fiscal quarter (ending June 30) of $-0.43 versus a loss $-1.21 for the same period a year ago. This result fell short of the consensus estimate of $-0.13 by $-0.30. For the latest four quarters through June 30, E.P.S. were $-0.15 versus $-0.77 for the same period a year ago.
Recent Price Action
On 9/3/24, KNOT Offshore Partners LP (NYSE: KNOP) stock enjoyed a very large increase of 9.0%, closing at $7.66. Moreover, exceptionally high trading volume at 279% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.6% 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 A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. KNOT Offshore Partners has a good Appreciation Score of 84 and a good Power Rating of 85, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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