Management Insights: KNOT Offshore Partners received a nonbinding buyout offer of $10 per common unit from its sponsor, KNOT, which is under evaluation by the Conflicts Committee. The company reported strong financials with revenues of $96.9 million and a utilization rate of 99.9%.
Financial Performance: The company achieved an adjusted EBITDA of $61.6 million and increased its liquidity to $125.2 million. A distribution of $0.026 per common unit was declared, and the charter backlog expanded to $963 million.
Market Outlook: Management expressed confidence in the shuttle tanker market, anticipating a medium-term shortage of vessels and a high likelihood of charter options being exercised due to current market strength.
Risks and Future Plans: The ongoing evaluation of the buyout offer presents uncertainty, while scheduled drydocking in 2026 and market conditions remain key concerns. Management aims to maintain disciplined capital allocation and operational execution amidst these developments.
Wall Street analysts forecast KNOP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KNOP is 10.00 USD with a low forecast of 10.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast KNOP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KNOP is 10.00 USD with a low forecast of 10.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
3 Hold
0 Sell
Hold
Current: 10.570
Low
10.00
Averages
10.00
High
10.00
Current: 10.570
Low
10.00
Averages
10.00
High
10.00
Alliance Global
Buy -> Neutral
downgrade
$12
2025-12-08
Reason
Alliance Global
Price Target
$12
AI Analysis
2025-12-08
downgrade
Buy -> Neutral
Reason
Alliance Global downgraded Knot Offshore Partners to Neutral from Buy. The firm sees limited upside potential in the shares following the buyout offer. However, the analyst believes the offer could move up into the $12 per unit range. However, there is not enough upside potential to warrant a Buy rating given that the unit price is already more than 7% above the current buyout offer, As previously reported,
Fearnley
Fredrik Dybwad
Buy
to
Hold
downgrade
$10
2025-11-03
Reason
Fearnley
Fredrik Dybwad
Price Target
$10
2025-11-03
downgrade
Buy
to
Hold
Reason
Fearnley analyst Fredrik Dybwad downgraded Knot Offshore Partners to Hold from Buy with a $10 price target after the company received a takeover proposal from Knutsen NYK Offshore Tankers.
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B. Riley
Buy -> Neutral
downgrade
$15 -> $10
2025-11-03
Reason
B. Riley
Price Target
$15 -> $10
2025-11-03
downgrade
Buy -> Neutral
Reason
B. Riley downgraded Knot Offshore Partners to Neutral from Buy with a price target of $10, down from $15, after the company received a takeover proposal from Knutsen NYK Offshore Tankers.
About KNOP
KNOT Offshore Partners LP is a United Kingdom-based company that owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. The Company's fleet consists of approximately 18 shuttle tankers, which vessels are designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. Its shuttle tankers are equipped with sophisticated loading and dynamic positioning systems that allow the vessels to load cargo safely from oil field installations, in harsh weather conditions and where there are strong currents. The Company's vessels include Tove Knutsen, Synnove Knutsen, Lena Knutsen, Vigdis Knutsen, Anna Knutsen, Tordis Knutsen, Raquel Knutsen, Carmen Knutsen, Brasil Knutsen, Hilda Knutsen, Torill Knutsen, Ingrid Knutsen, Dan Sabia, Bodil Knutsen, Fortaleza Knutsen, Recife Knutsen, Dan Cisne, Windsor Knutsen, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
