KNOT Offshore Partners LP (NYSE:KNOP) Receives Average Rating of “Hold” from Analysts

Shares of KNOT Offshore Partners LP (NYSE:KNOP) have earned an average recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation.

Several brokerages have issued reports on KNOP. Fearnley Fonds lowered KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of KNOT Offshore Partners in a research note on Wednesday, October 8th. B. Riley downgraded shares of KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Wall Street Zen lowered shares of KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of KNOT Offshore Partners in a research note on Monday, December 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP increased its holdings in shares of KNOT Offshore Partners by 26.1% during the first quarter. Trexquant Investment LP now owns 47,842 shares of the shipping company’s stock valued at $334,000 after acquiring an additional 9,904 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in KNOT Offshore Partners in the 1st quarter valued at $130,000. FNY Investment Advisers LLC grew its position in KNOT Offshore Partners by 2.4% in the 2nd quarter. FNY Investment Advisers LLC now owns 143,420 shares of the shipping company’s stock valued at $897,000 after purchasing an additional 3,340 shares during the period. Russell Investments Group Ltd. increased its stake in KNOT Offshore Partners by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,042 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 4,836 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in KNOT Offshore Partners during the second quarter worth $68,000. Institutional investors own 26.82% of the company’s stock.

KNOT Offshore Partners Stock Performance

Shares of KNOT Offshore Partners stock opened at $10.42 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $10.17 and a two-hundred day moving average price of $8.66. KNOT Offshore Partners has a 1-year low of $5.29 and a 1-year high of $10.99. The company has a market cap of $348.12 million, a P/E ratio of 6.72 and a beta of -0.14.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data on Thursday, December 4th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.32. KNOT Offshore Partners had a return on equity of 9.00% and a net margin of 14.69%.The company had revenue of $96.87 million for the quarter, compared to the consensus estimate of $88.12 million. As a group, analysts anticipate that KNOT Offshore Partners will post 0.12 EPS for the current year.

KNOT Offshore Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, January 26th will be given a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, January 26th. KNOT Offshore Partners’s payout ratio is presently 6.45%.

About KNOT Offshore Partners

KNOT Offshore Partners LP is a publicly traded limited partnership formed in 2013 to own and operate shuttle tankers under long‐term charters in the offshore oil industry. Listed on the New York Stock Exchange under the symbol KNOP, the partnership specializes in the transportation of crude oil from offshore production facilities to onshore refineries. Its fleet comprises moderne shuttle tankers equipped with dynamic positioning systems, enabling safe transfer operations in harsh weather and sea conditions.

The partnership’s vessels primarily serve fields in the North Sea, Brazil and West Africa, where they operate under multi‐year contracts with major energy producers.