KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Down 16.6% in February

KNOT Offshore Partners LP (NYSE:KNOP) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 175,189 shares, a drop of 16.6% from the January 29th total of 210,142 shares. Based on an average trading volume of 95,502 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 95,502 shares, the days-to-cover ratio is presently 1.8 days.

KNOT Offshore Partners Price Performance

Shares of KNOP stock traded up $0.17 during trading on Thursday, hitting $10.64. The company’s stock had a trading volume of 99,501 shares, compared to its average volume of 108,306. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.27 and a current ratio of 0.28. The business has a fifty day moving average of $10.49 and a 200-day moving average of $9.64. KNOT Offshore Partners has a 52 week low of $5.35 and a 52 week high of $11.15.

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, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $88.12 million. On average, research analysts expect that KNOT Offshore Partners will post 0.12 earnings per share for the current year.

KNOT Offshore Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, January 26th were paid 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 payout ratio is presently 6.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of KNOT Offshore Partners by 115.0% during the second 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 in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of KNOT Offshore Partners during the 2nd quarter valued at $68,000. Osaic Holdings Inc. lifted its holdings in KNOT Offshore Partners by 220.3% during the 2nd quarter. Osaic Holdings Inc. now owns 16,557 shares of the shipping company’s stock worth $104,000 after purchasing an additional 11,388 shares in the last quarter. Cetera Investment Advisers bought a new position in KNOT Offshore Partners in the 4th quarter worth about $125,000. Finally, Acadian Asset Management LLC purchased a new position in KNOT Offshore Partners during the 1st quarter valued at about $130,000. 26.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Zacks Research cut shares of KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of KNOT Offshore Partners in a report on Thursday, January 22nd. Alliance Global Partners restated a “neutral” rating on shares of KNOT Offshore Partners in a report on Monday, December 8th. Finally, Wall Street Zen downgraded KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, KNOT Offshore Partners presently has an average rating of “Hold”.

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.