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KNOT Offshore Partners ( (KNOP) ) has shared an announcement.
On July 2, 2025, KNOT Offshore Partners LP announced a series of strategic and operational updates, including the acquisition of the DP2 Suezmax shuttle tanker Daqing Knutsen for approximately $24.8 million, after accounting for outstanding indebtedness and fees. This acquisition is expected to enhance the company’s fleet and secure long-term employment for the vessel. Additionally, the company has initiated a $10 million common unit buyback program, reflecting confidence in its market valuation and commitment to creating long-term value for unitholders. The sale and leaseback of the Tove Knutsen is projected to generate about $32 million in proceeds, further supporting the company’s financial flexibility.
The most recent analyst rating on (KNOP) stock is a Buy with a $12.70 price target. To see the full list of analyst forecasts on KNOT Offshore Partners stock, see the KNOP Stock Forecast page.
Spark’s Take on KNOP Stock
According to Spark, TipRanks’ AI Analyst, KNOP is a Outperform.
KNOT Offshore Partners’ overall stock score reflects strong financial performance in terms of cash flow and revenue growth, despite profitability and leverage challenges. Technical indicators suggest neutral to slightly bearish momentum, while valuation metrics show the stock is fairly valued. The latest earnings call underscores strong operational performance and market opportunities, tempered by debt and refinancing challenges.
To see Spark’s full report on KNOP stock, click here.
More about KNOT Offshore Partners
KNOT Offshore Partners LP is a company that owns, operates, and acquires shuttle tankers, primarily under long-term charters in offshore oil production regions such as Brazil and the North Sea. It is structured as a publicly traded master limited partnership and issues a Form 1099 to its unitholders for U.S. federal income tax purposes.
Average Trading Volume: 67,030
Technical Sentiment Signal: Sell
Current Market Cap: $218.7M
For a thorough assessment of KNOP stock, go to TipRanks’ Stock Analysis page.