KNOT Offshore Partners LP (NYSE: KNOP) stock closed at $6.99 on 6/3/24 after a major increase of 11.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 547% of normal. The stock has risen 21.6% during the last week but has been weak relative to the market over the last nine months.
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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. KNOT Offshore Partners has a very high Appreciation Score of 86 but a poor Power Rating of 19, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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