KNOT Offshore Partners’ (KNOP) Neutral Rating Reiterated at Alliance Global Partners

Alliance Global Partners reissued their neutral rating on shares of KNOT Offshore Partners (NYSE:KNOP) in a research report report published on Monday morning, MarketBeat reports.

A number of other equities analysts have also recently issued reports on KNOP. B. Riley cut shares of KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Fearnley Fonds cut shares of KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Zacks Research raised shares of KNOT Offshore Partners to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of KNOT Offshore Partners in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

KNOT Offshore Partners Stock Performance

KNOT Offshore Partners stock opened at $10.65 on Monday. KNOT Offshore Partners has a twelve month low of $5.28 and a twelve month high of $10.99. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $365.12 million, a P/E ratio of 6.87 and a beta of -0.13. The stock’s 50 day moving average is $9.49 and its 200 day moving average is $8.09.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data on Thursday, December 4th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $96.87 million during the quarter, compared to analysts’ expectations of $88.12 million. On average, equities research analysts predict that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, October 27th were issued a $0.026 dividend. The ex-dividend date was Monday, October 27th. This represents a $0.10 annualized dividend and a yield of 1.0%. KNOT Offshore Partners’s dividend payout ratio (DPR) is currently 6.45%.

Hedge Funds Weigh In On KNOT Offshore Partners

Several hedge funds and other institutional investors have recently modified their holdings of KNOP. FNY Investment Advisers LLC grew its holdings in shares of KNOT Offshore Partners by 2.4% in the second quarter. FNY Investment Advisers LLC now owns 143,420 shares of the shipping company’s stock worth $897,000 after acquiring an additional 3,340 shares during the period. Russell Investments Group Ltd. boosted its position 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 worth $58,000 after purchasing an additional 4,836 shares during the last quarter. GSA Capital Partners LLP grew 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 valued at $424,000 after purchasing an additional 4,957 shares during the period. Trexquant Investment LP increased its position in shares of 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 during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in KNOT Offshore Partners during the second quarter valued at approximately $68,000. 26.82% of the stock is owned by institutional investors.

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.