GET DAILY SIGNALSKNOT Offshore Partners LP (KNOP): Is +49% Upside to the $14.50 Target in Reach?
Key Takeaways
- The central stock price target is $14.50, the arithmetic mean of two verified analyst price targets: B. Riley Securities at $14 and Fearnley Securities at $15.
- The target range across those two analysts is narrow — $14 to $15 — and both ratings are Buy; a third firm, Alliance Global Partners, holds a neutral rating without a published target.
- With units recently near $9.75, reaching $14.50 implies roughly 49% upside, a very large move for a stock trading below its 52-week high.
- Supporting factors include tightening shuttle-tanker demand in Brazil, long-term charters, deleveraging progress, and a price-to-book ratio below 1.0.
- The biggest risks are high leverage, thin interest coverage, an aging fleet, newbuild competition, and the partnership's modest distribution.
- For more context, visit the dedicated pages for Major News, Today's Price Move, Forecast, and Earnings on this ticker.
Analyst Price Targets and Consensus View
The $14.50 figure is calculated from two attributable price targets. B. Riley Securities reiterated a Buy rating with a $14 target in late May 2026, while Fearnley Securities upgraded the stock to Buy with a $15 target in April 2026. Their arithmetic mean is $14.50, with a compact range of $14 to $15. Notably, Alliance Global Partners has maintained a Hold rating (most recently in early June 2026) without publishing a target, which tempers the otherwise "Strong Buy" tone that some aggregators display.
The bullish view rests on a tightening Brazilian shuttle-tanker market, extended long-term charter coverage, and a higher forward P/E multiple as the partnership's backlog and financial position improve. The neutral view, by contrast, reflects concern that leverage remains high and that near-term catalysts are limited. Because only two targets are available, the $14.50 mean should be read as a directional signal rather than a broad analyst consensus. I also checked this using Tickeron’s AI Screener to see how KNOP compares to others in the industry.
Current Market Position and Path Toward the Target
As of late October 2026, KNOP units traded near $9.75, roughly midway in a 52-week range of about $8.77 to $11.78. Reaching $14.50 would require a gain of approximately 49% from that level — a very large move by any standard, and one that would require the units to break decisively above their 52-week high and into territory not seen in the recent cycle.
The partnership generates steady charter revenue (about $376 million trailing twelve months) but converts only a small portion into net income (roughly $8 million trailing), reflecting heavy depreciation and interest costs. Units trade near 0.63 times book value and around 13 to 14 times forward earnings. Any sustained re-rating toward the $14.50 target would likely depend on continued deleveraging, contract renewals, and investor willingness to pay a higher multiple.
What Could Support a Move Toward the Target
- Shuttle-tanker demand: The Brazilian market has tightened, and the partnership has secured long-term contracts with oil majors and national oil companies, supporting revenue visibility.
- Deleveraging: After a deep distribution cut in early 2023, net debt declined for multiple consecutive quarters, improving financial flexibility.
- Valuation: Trading below book value (P/B around 0.63) and at a modest forward P/E leaves room for a re-rating if earnings stabilize.
- Analyst momentum: Recent upgrades from Fearnley and a reiterated Buy from B. Riley signal improving sentiment.
What Could Prevent the Target From Being Reached
- High leverage: Total debt is roughly $900 million, with a debt-to-equity ratio near 145% and interest coverage near 1.5 times — leaving limited margin for error.
- Aging fleet and competition: An influx of modern newbuild tonnage could pressure rates for older vessels and require costly dry-dockings.
- Modest distributions: The partnership's payout remains small relative to history, reducing income-oriented appeal that historically supported MLP valuations.
- Parent and refinancing considerations: Ties to sponsor Knutsen NYK and periodic refinancing needs add execution and governance uncertainty.
Technical Levels and Market Structure
KNOP's most significant resistance level is its 52-week high near $11.78; the $14.50 target sits well above that mark, meaning the units would first need to break out and hold above prior highs. The $10 area has acted as a psychological pivot, with units recently slipping back below it after a brief move above $10.20 in late October. On the downside, support appears near the 52-week low around $8.77. The overall structure is a recovery from a deep 2023 trough, but the units remain below their multi-year highs.
Time Horizon and What Investors Should Monitor
Analyst price targets typically reflect a roughly 12-month research horizon, though the two firms here have not published identical assumptions. The next key event is the partnership's quarterly earnings report, estimated for early December 2026, which will clarify charter coverage, refinancing progress, and distribution policy. Investors should also monitor Brazilian and North Sea charter-rate trends, newbuild deliveries, debt maturities, and any further analyst rating or target revisions. From what I see, this is important because those updates could clarify the path forward.
Final Assessment
Can KNOP reach $14.50? The target is a calculated mean of two Buy-rated analyst targets ($14 and $15) and implies roughly 49% upside from recent levels — a very large move that would require breaking above the 52-week high and a sustained re-rating. The bull case leans on a tightening shuttle-tanker market, long-term charters, and deleveraging, while the bear case emphasizes high leverage, thin interest coverage, fleet age, and a modest distribution. With only two published targets and one neutral rating, the analyst picture is directional rather than broad. Investors should watch the December earnings report, charter-rate developments, and any analyst revisions before drawing conclusions.
AI Daily Buy/Sell Signals
I have found Tickeron's AI Daily Buy/Sell Signals helpful for tracking names like this. The tool uses artificial intelligence to monitor thousands of stocks and ETFs, generating Buy, Sell, or Hold signals based on market conditions and technical behavior. For a partnership where fundamentals and charts can shift, it supports more efficient monitoring of positions and trend changes as part of a disciplined process.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
KNOP's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for KNOP moved out of oversold territory on October 20, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In 18 of the 24 cases the stock moved higher. This puts the odds of a move higher at 75%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 43 of 62 cases where KNOP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 69%.
The Moving Average Convergence Divergence (MACD) for KNOP just turned positive on October 23, 2026. Looking at past instances where KNOP's MACD turned positive, the stock continued to rise in 36 of 50 cases over the following month. The odds of a continued upward trend are 72%.
Following a +2.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where KNOP advanced for three days, in 174 of 267 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
KNOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 30, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on KNOP as a result. In 62 of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.
The 10-day moving average for KNOP crossed bearishly below the 50-day moving average on October 01, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 64%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KNOP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 64%.
The Aroon Indicator for KNOP entered a downward trend on October 26, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating fairly steady price growth. KNOP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 62 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.542) is normal, around the industry mean (160.819). P/E Ratio (40.625) is within average values for comparable stocks, (7.071). Projected Growth (PEG Ratio) (0.450) is also within normal values, averaging (13.660). Dividend Yield (0.041) settles around the average of (149858533376.000) among similar stocks. P/S Ratio (1.103) is also within normal values, averaging (4.657).
The Tickeron SMR rating for this company is 89 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. KNOP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 41, placing this stock worse than average.
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General Information
a company, which engages in the business of owning, operating and acquiring shuttle tankers under long-term charters
Industry OilGasPipelines
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