KNOT Offshore Partners (NYSE:KNOP) Upgraded by Wall Street Zen to Buy Rating

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

Separately, Fearnley Fonds upgraded shares of KNOT Offshore Partners to a "strong-buy" rating in a research report on Tuesday, April 1st.

KNOT Offshore Partners Trading Up 0.3%

KNOT Offshore Partners stock traded up $0.02 during trading on Friday, reaching $6.44. The company had a trading volume of 47,295 shares, compared to its average volume of 85,438. The stock's 50 day moving average price is $6.46 and its two-hundred day moving average price is $6.03. KNOT Offshore Partners has a 12-month low of $5.28 and a 12-month high of $9.11. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.44. The firm has a market capitalization of $220.87 million, a price-to-earnings ratio of -14.98 and a beta of -0.11.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last announced its earnings results on Tuesday, May 20th. The shipping company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. The business had revenue of $84.03 million during the quarter, compared to the consensus estimate of $79.74 million. As a group, equities analysts expect that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of KNOT Offshore Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC grew its stake in KNOT Offshore Partners by 15.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company's stock worth $74,000 after buying an additional 1,865 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of KNOT Offshore Partners by 1.3% during the 4th quarter. Two Sigma Investments LP now owns 189,461 shares of the shipping company's stock valued at $1,033,000 after purchasing an additional 2,418 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of KNOT Offshore Partners during the first quarter worth about $63,000. Trexquant Investment LP lifted its position in KNOT Offshore Partners by 26.1% during the 1st quarter. Trexquant Investment LP now owns 47,842 shares of the shipping company's stock worth $334,000 after buying an additional 9,904 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of KNOT Offshore Partners during the 1st quarter worth approximately $82,000. Institutional investors and hedge funds own 26.82% of the company's stock.

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.