Time New York: Mon 23 Oct 09:13 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

KNOT Offshore (KNOP) Shows Strength: Stock Adds 7.6% in Session

Zacks

KNOT Offshore Partners LP KNOP was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.20 to $22.95 in the past one-month time frame.

KNOT Offshore Partners has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate has also moved higher over the past month, suggesting that more solid trading could be ahead for KNOT Offshore Partners. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

KNOT Offshore Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

KNOT Offshore Partners LP Price and Consensus


KNOT Offshore Partners LP Price and Consensus | KNOT Offshore Partners LP Quote

A better-ranked stock in the Transportation – Shipping industry is Navios Maritime Partners LP NMM, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is KNOP going up? Or down? Predict to see what others think: Up or Down

Zacks' 2017 IPO Watch List

Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.

One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.