KNOT Offshore Partners LP (NYSE:KNOP) Given Average Rating of “Hold” by Brokerages

Shares of KNOT Offshore Partners LP (NYSE:KNOP) have been given an average rating of “Hold” by the five research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Several analysts recently weighed in on KNOP shares. Fearnley Fonds downgraded KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Zacks Research raised shares of KNOT Offshore Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. B. Riley downgraded shares of KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KNOT Offshore Partners in a report on Thursday. Finally, Alliance Global Partners reissued a “neutral” rating on shares of KNOT Offshore Partners in a research note on Monday, December 8th.

KNOT Offshore Partners Stock Performance

Shares of KNOT Offshore Partners stock opened at $10.43 on Tuesday. 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 company has a market cap of $362.18 million, a PE ratio of 6.73 and a beta of -0.14. The company has a 50 day moving average of $10.37 and a 200-day moving average of $9.01. KNOT Offshore Partners has a 1-year low of $5.29 and a 1-year high of $11.10.

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

KNOT Offshore Partners Announces Dividend

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

Hedge Funds Weigh In On KNOT Offshore Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in shares of KNOT Offshore Partners by 11.5% during 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 in the last quarter. Osaic Holdings Inc. raised its holdings 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 buying an additional 11,388 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in KNOT Offshore Partners during the 2nd quarter worth approximately $68,000. Russell Investments Group Ltd. grew its holdings 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 worth $58,000 after acquiring an additional 4,836 shares during the last quarter. Finally, FNY Investment Advisers LLC increased 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 acquiring an additional 3,340 shares during the period. Institutional investors and hedge funds own 26.82% of the company’s stock.

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.