KNOT Offshore Partners (NYSE:KNOP) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of KNOT Offshore Partners (NYSE:KNOP) from a hold rating to a buy rating in a research note issued to investors on Friday.

Separately, Fearnley Fonds upgraded shares of KNOT Offshore Partners to a “strong-buy” rating in a research note on Tuesday, April 1st.

KNOT Offshore Partners Stock Down 1.6%

KNOP opened at $6.43 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. KNOT Offshore Partners has a 1-year low of $5.28 and a 1-year high of $9.11. The company has a market capitalization of $220.36 million, a PE ratio of -14.94 and a beta of -0.11. The firm’s 50 day simple moving average is $6.48 and its two-hundred day simple moving average is $6.03.

KNOT Offshore Partners (NYSE:KNOP) last announced its earnings results on Tuesday, May 20th. The shipping company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. The company had revenue of $84.03 million for the quarter, compared to analysts’ expectations of $79.74 million. As a group, equities analysts forecast that KNOT Offshore Partners will post 0.12 EPS for the current year.

KNOT Offshore Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, April 28th were issued a dividend of $0.026 per share. The ex-dividend date of this dividend was Monday, April 28th. This represents a $0.10 dividend on an annualized basis and a yield of 1.62%. KNOT Offshore Partners’s dividend payout ratio is presently 24.39%.

Institutional Investors Weigh In On KNOT Offshore Partners

A number of institutional investors and hedge funds have recently bought and sold shares of KNOP. Compagnie Lombard Odier SCmA bought a new stake in shares of KNOT Offshore Partners during the first quarter valued at approximately $63,000. Sowell Financial Services LLC bought a new stake in KNOT Offshore Partners in the 1st quarter valued at $82,000. EWA LLC bought a new stake in KNOT Offshore Partners in the 1st quarter valued at $85,000. Cubist Systematic Strategies LLC increased its holdings in KNOT Offshore Partners by 15.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company’s stock valued at $74,000 after acquiring an additional 1,865 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in KNOT Offshore Partners in the 4th quarter valued at $77,000. 26.82% of the stock is owned by institutional investors.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.