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

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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in KNOT Offshore Partners by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 9,042 shares of the shipping company’s stock valued at $58,000 after acquiring an additional 4,836 shares during the period. Occudo Quantitative Strategies LP bought a new position in shares of KNOT Offshore Partners in the 2nd quarter worth $68,000. Osaic Holdings Inc. grew its position in KNOT Offshore Partners by 220.3% in the 2nd quarter. Osaic Holdings Inc. now owns 16,557 shares of the shipping company’s stock valued at $104,000 after purchasing an additional 11,388 shares during the period. Acadian Asset Management LLC acquired a new stake in KNOT Offshore Partners in the 1st quarter valued at $130,000. Finally, Trexquant Investment LP increased its stake in KNOT Offshore Partners by 26.1% during the 1st quarter. Trexquant Investment LP now owns 47,842 shares of the shipping company’s stock valued at $334,000 after purchasing an additional 9,904 shares in the last quarter. Institutional investors own 26.82% of the company’s stock.

KNOT Offshore Partners Stock Performance

Shares of KNOP opened at $10.25 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 firm’s fifty day simple moving average is $10.08 and its two-hundred day simple moving average is $8.58. KNOT Offshore Partners has a 12 month low of $5.29 and a 12 month high of $10.99. The stock has a market capitalization of $351.54 million, a P/E ratio of 6.61 and a beta of -0.14.

KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings data on Thursday, December 4th. The shipping company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $96.87 million during the quarter, compared to analyst estimates of $88.12 million. As a group, analysts predict that KNOT Offshore Partners will post 0.12 EPS for the current year.

KNOT Offshore Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, October 27th were 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 was Monday, October 27th. 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.