Stock To Watch: KNOT Offshore Partners LP (NYSE:KNOP)


The leading market experts have placed a mean price target of $20.74 on KNOT Offshore Partners LP (NYSE:KNOP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.48 a share for the upcoming quarter and $1.77 for the current fiscal.

Technical View

The technical analysis of KNOT Offshore Partners LP Commo plainly substantiates that the 50-day moving average of KNOT Offshore Partners LP Commo is $18.89, and stock is trading $0.29 points away or +1.51% from its 50-day moving average of $18.89. Further it is trading $1.32 or +7.38% away its 200-day moving average of $17.86. KNOT Offshore Partners LP (NYSE:KNOP) 52-week high is $20.00 and the 52-week low is $9.68.

This explains if the stock moves $-0.82, it will post a 52-week high. In event of +98.14% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of KNOT Offshore Partners LP Commo, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, KNOT Offshore Partners LP (NYSE:KNOP) ratio came in at 10.99.

The stock last ended the trading session at $19.18 and registered a market cap of $532.30M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. KNOT Offshore Partners LP (NYSE:KNOP) PEG ratio is at 10.76.

1 Chart Pattern Every Investor Should Know

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