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


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

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