Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate KNOT Offshore Partners LP before investing.

In this article, we go over a few key elements for understanding KNOT Offshore Partners LP’s stock price such as:

• KNOT Offshore Partners LP’s current stock price and volume
• Why KNOT Offshore Partners LP’s stock price changed recently
• Upgrades and downgrades for KNOP from analysts
• KNOP’s stock price momentum as measured by its relative strength

About KNOT Offshore Partners LP (KNOP)

Before we jump into KNOT Offshore Partners LP’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

KNOT Offshore Partners LP is a United Kingdom-based company that owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. The Company's fleet consists of approximately 18 shuttle tankers, which vessels are designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. Its shuttle tankers are equipped with sophisticated loading and dynamic positioning systems that allow the vessels to load cargo safely from oil field installations, in harsh weather conditions and where there are strong currents. The Company's vessels include Tove Knutsen, Synnove Knutsen, Lena Knutsen, Vigdis Knutsen, Anna Knutsen, Tordis Knutsen, Raquel Knutsen, Carmen Knutsen, Brasil Knutsen, Hilda Knutsen, Torill Knutsen, Ingrid Knutsen, Dan Sabia, Bodil Knutsen, Fortaleza Knutsen, Recife Knutsen, Dan Cisne and Windsor Knutsen.

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KNOT Offshore Partners LP’s Stock Price as of Market Close

As of June 07, 2024, 4:00 PM, CST, KNOT Offshore Partners LP’s stock price was $7.10.

KNOT Offshore Partners LP is down 4.44% from its previous closing price of $7.43.

During the last market session, KNOT Offshore Partners LP’s stock traded between $7.36 and $7.55. Currently, there are 36.06 million shares of KNOT Offshore Partners LP stock available for purchase.

Unfortunately, KNOT Offshore Partners LP’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

KNOT Offshore Partners LP Stock Price History

KNOT Offshore Partners LP’s (KNOP) price is currently up 12.7% so far this month.

During the month of June, KNOT Offshore Partners LP’s stock price has reached a high of $7.63 and a low of $6.50.

Over the last year, KNOT Offshore Partners LP has hit prices as high as $7.63 and as low as $4.74. Year to date, KNOT Offshore Partners LP’s stock is down 26.27%.

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What Caused KNOT Offshore Partners LP Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 06, 2024, there was 1 analyst who downgraded KNOT Offshore Partners LP’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate KNOT Offshore Partners LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on KNOT Offshore Partners LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

KNOT Offshore Partners LP’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about KNOT Offshore Partners LP (KNOP) by visiting AAII Stock Evaluator.

Relative Price Strength of KNOT Offshore Partners LP

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 06, 2024, KNOT Offshore Partners LP has a weighted four-quarter relative price strength of 9.10%, which translates to a Momentum Score of 88 and is considered to be Very Strong.

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KNOT Offshore Partners LP Stock Price: Bottom Line

As of June 7, 2024, KNOT Offshore Partners LP’s stock price is $7.10, which is down 4.44% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like KNOT Offshore Partners LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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