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TheStreet downgraded KNOT Offshore Partners LP (NYSE:KNOP) to C in a report released today.

TheStreet has downgraded KNOT Offshore Partners LP (NYSE:KNOP) to C in a report released on 4/19/2017.

Just yesterday KNOT Offshore Partners LP (NYSE:KNOP) traded 0.22% higher at $23.20. KNOT Offshore Partners LP’s 50-day moving average is $22.47 and its 200-day moving average is $21.90. The last stock price is up 5.91% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 28,422 shares of KNOP traded hands, down from an average trading volume of 83,011

Recent Performance Chart

KNOT Offshore Partners LP (NYSE:KNOP)

KNOT Offshore Partners LP has price-earnings ratio of 10.54 with a one year low of $16.56 and a one year high of $24.67 and has a total market value of $0.

A total of 8 analysts have released a report on KNOT Offshore Partners LP. One analyst rating the company a strong buy, three analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $18.86.

General Company Details For KNOT Offshore Partners LP (NYSE:KNOP)

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership's vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte S.A. (Transpetro), Repsol Sinopec Brasil, S.A. (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A. (ENI). As of March 17, 2017, the Company had a fleet of 12 shuttle tankers. Its shuttle tankers include Fortaleza Knutsen, Recife Knutsen, Bodil Knutsen and Dan Cisne. KNOT Offshore Partners GP LLC is the general partner of the Partnership. It is engaged in the loading, transportation and storage of the crude oil using the vessels in its fleet. It provides all of these services under time charters and bareboat charters. As of December 31, 2016, eight of its shuttle tankers were chartered under time charters and four of its shuttle tankers were chartered under bareboat charters.

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