Why These Energy Stocks are Gaining This Week

3. KNOT Offshore Partners LP (NYSE:KNOP)

Share Price Gains Between Mar. 26 – Apr. 2: 12.76%

KNOT Offshore Partners LP (NYSE:KNOP) is a global market leader in the shuttle tanker industry that provides critical, long-term infrastructure to the offshore oil supply chain in Brazil and the North Sea.

KNOT Offshore Partners LP (NYSE:KNOP) continues to surge after reporting better-than-expected results in Q4 2024. The company posted an EPS of $0.67 during the quarter, far above the expectations of $0.04. KNOP’s revenue of $91.26 million was also up 25% YoY and topped estimates by $14.75 million. The stock has also received a boost this week after Fearnley Securities initiated its coverage with a Buy recommendation and a $12.70 price target, citing a ‘huge potential in the form of hiked dividends’.