In a report published on Thursday, DNB Markets analyst Nicolay Dyvik initiated coverage on Knot Offshore Partners KNOP with a Recommendation of Buy and a price target of $27.40.
In the report, DNB Markets noted, "KNOP offers a young fleet, a market-leading position, solid long-term contracts and a built-in growth case. We see strong growth in the shuttle tanker sector, with new deepwater fields and new FPSOs as the two main drivers."
Knot Offshore Partners closed on Wednesday at $24.02.
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