Share on StockTwits
 

Equities research analysts at RBC Capital started coverage on shares of KNOT Offshore Partners LP (NASDAQ:KNOP) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $31.00 price target on the stock. RBC Capital’s price target would suggest a potential upside of 17.78% from the company’s current price.

Shares of KNOT Offshore Partners LP (NASDAQ:KNOP) traded up 1.00% on Tuesday, hitting $26.32. 82,616 shares of the company’s stock traded hands. KNOT Offshore Partners LP has a 52-week low of $20.68 and a 52-week high of $29.39. The stock’s 50-day moving average is $26.87 and its 200-day moving average is $24.99. The company has a market cap of $460.2 million and a P/E ratio of 37.50.

KNOT Offshore Partners LP (NASDAQ:KNOP) last announced its earnings results on Monday, November 25th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.46. Analysts expect that KNOT Offshore Partners LP will post $0.89 EPS for the current fiscal year.

KNOP has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of KNOT Offshore Partners LP from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $26.40 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.48.

KNOT Offshore Partners LP is a limited partnership formed to own, operate and acquire shuttle tankers under long-term charters.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.