KNOT Offshore Partners (NYSE:KNOP) Stock Price Passes Below 200 Day Moving Average of $5.58

KNOT Offshore Partners LP (NYSE:KNOP)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.58 and traded as low as $5.20. KNOT Offshore Partners shares last traded at $5.20, with a volume of 39,847 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

KNOT Offshore Partners Stock Down 3.9 %

The stock has a market cap of $177.01 million, a PE ratio of -5.10 and a beta of 0.65. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average price of $5.25 and a 200-day moving average price of $5.58.

KNOT Offshore Partners (NYSE:KNOP) last announced its earnings results on Monday, February 26th. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.23). KNOT Offshore Partners had a negative net margin of 11.81% and a positive return on equity of 2.86%. The business had revenue of $73.03 million for the quarter, compared to analysts’ expectations of $70.96 million. As a group, analysts forecast that KNOT Offshore Partners LP will post -0.31 earnings per share for the current year.

KNOT Offshore Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 29th will be given a dividend of $0.026 per share. The ex-dividend date is Friday, April 26th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.00%. KNOT Offshore Partners’s dividend payout ratio (DPR) is -9.80%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC purchased a new position in KNOT Offshore Partners in the 1st quarter valued at $37,000. Atria Wealth Solutions Inc. purchased a new position in KNOT Offshore Partners in the 4th quarter valued at $61,000. Valeo Financial Advisors LLC purchased a new position in KNOT Offshore Partners in the 1st quarter valued at $57,000. EWA LLC purchased a new position in KNOT Offshore Partners in the 4th quarter valued at $75,000. Finally, Jump Financial LLC purchased a new position in KNOT Offshore Partners in the 4th quarter valued at $153,000. Hedge funds and other institutional investors own 26.82% of the company’s stock.

About KNOT Offshore Partners

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.