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

KNOT Offshore Partners LP (NYSE:KNOP) has earned a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation.

A number of research firms have weighed in on KNOP. Zacks Research downgraded KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Fearnley Fonds lowered KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Wall Street Zen downgraded KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 9th. Alliance Global Partners reaffirmed a “neutral” rating on shares of KNOT Offshore Partners in a research note on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of KNOT Offshore Partners in a research note on Thursday, January 22nd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in shares of KNOT Offshore Partners by 115.0% in the 2nd 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 last quarter. GSA Capital Partners LLP lifted its position in KNOT Offshore Partners by 11.5% in the third quarter. GSA Capital Partners LLP now owns 48,075 shares of the shipping company’s stock valued at $424,000 after purchasing an additional 4,957 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of KNOT Offshore Partners during the second quarter valued at approximately $68,000. Osaic Holdings Inc. boosted its stake in shares of KNOT Offshore Partners by 220.3% during the second 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. Finally, Cetera Investment Advisers bought a new position in shares of KNOT Offshore Partners in the fourth quarter worth approximately $125,000. Hedge funds and other institutional investors own 26.82% of the company’s stock.

KNOT Offshore Partners Price Performance

Shares of KNOT Offshore Partners stock opened at $10.40 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. KNOT Offshore Partners has a 1 year low of $5.29 and a 1 year high of $11.15. The company has a 50 day simple moving average of $10.48 and a two-hundred day simple moving average of $9.43.

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, beating the consensus estimate of $0.13 by $0.32. KNOT Offshore Partners had a net margin of 14.69% and a return on equity of 9.00%. The firm had revenue of $96.87 million for the quarter, compared to analysts’ expectations of $88.12 million. As a group, research analysts anticipate that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, January 26th 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 was Monday, January 26th. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently 6.45%.

KNOT Offshore Partners Company Profile

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.