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

by · The Cerbat Gem

Shares of KNOT Offshore Partners LP (NYSE:KNOP – Get Free Report) have been given an average rating of “Hold” by the five analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating.

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

Check Out Our Latest Analysis on KNOP

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new stake in shares of KNOT Offshore Partners during the 1st quarter worth approximately $130,000. Osaic Holdings Inc. raised its position in KNOT Offshore Partners by 220.3% during the second quarter. Osaic Holdings Inc. now owns 16,557 shares of the shipping company’s stock worth $104,000 after acquiring an additional 11,388 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in KNOT Offshore Partners in the second quarter valued at $68,000. Trexquant Investment LP grew its position in shares of KNOT Offshore Partners by 26.1% in the 1st quarter. Trexquant Investment LP now owns 47,842 shares of the shipping company’s stock valued at $334,000 after acquiring an additional 9,904 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of KNOT Offshore Partners by 11.5% during the 3rd quarter. GSA Capital Partners LLP now owns 48,075 shares of the shipping company’s stock worth $424,000 after purchasing an additional 4,957 shares during the last quarter. 26.82% of the stock is owned by institutional investors and hedge funds.

KNOT Offshore Partners Stock Performance

Shares of KNOP opened at $10.32 on Friday. The firm’s 50 day moving average price is $10.12 and its two-hundred day moving average price is $8.63. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.27 and a current ratio of 0.28. KNOT Offshore Partners has a twelve month low of $5.29 and a twelve month high of $10.99. The firm has a market cap of $354.29 million, a P/E ratio of 6.66 and a beta of -0.14.

KNOT Offshore Partners (NYSE:KNOP – Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The shipping company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.32. The business had revenue of $96.87 million for the quarter, compared to analyst estimates of $88.12 million. KNOT Offshore Partners had a net margin of 14.69% and a return on equity of 9.00%. On average, analysts forecast that KNOT Offshore Partners will post 0.12 EPS for the current fiscal year.

KNOT Offshore Partners Company Profile

(Get Free Report)

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.

See Also