Shares of KNOT Offshore Partners LP representing Limited Partner Interests (NYSE:KNOP) traded today at $19.83, eclipsing its 52-week high. Approximately 75,000 shares have changed hands today, as compared to an average 30-day volume of 140,000 shares.
Based on a current price of $19.78, KNOT Offshore Partners LP representing Limited Partner Interests is currently 1.0% above its average consensus analyst price target of $19.59.
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
Over the past year, KNOT Offshore Partners LP representing Limited Partner Interests has traded in a range of $11.30 to $19.83 and is now at $19.78, 75% above that low.
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