KNOT Offshore Partners (NYSE:KNOP - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.
Separately, Zacks Research raised KNOT Offshore Partners to a "hold" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on KNOP
KNOT Offshore Partners Stock Performance
NYSE:KNOP opened at $8.54 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.43 and a quick ratio of 0.42. KNOT Offshore Partners has a 1 year low of $5.28 and a 1 year high of $9.93. The stock's 50 day simple moving average is $8.05 and its two-hundred day simple moving average is $7.13. The company has a market cap of $292.92 million, a price-to-earnings ratio of 8.63 and a beta of -0.03.
KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The shipping company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. KNOT Offshore Partners had a return on equity of 5.58% and a net margin of 10.00%.The business had revenue of $87.06 million for the quarter, compared to the consensus estimate of $81.17 million. As a group, equities analysts anticipate that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On KNOT Offshore Partners
Several large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC increased its position in shares of KNOT Offshore Partners by 2.4% during the 2nd quarter. FNY Investment Advisers LLC now owns 143,420 shares of the shipping company's stock valued at $897,000 after purchasing an additional 3,340 shares during the last quarter. Russell Investments Group Ltd. grew its position in KNOT Offshore Partners by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,042 shares of the shipping company's stock valued at $58,000 after acquiring an additional 4,836 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in KNOT Offshore Partners in the 1st quarter valued at $63,000. Trexquant Investment LP grew its position in 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 last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in KNOT Offshore Partners in the 2nd quarter valued at $68,000. Institutional investors own 26.82% of the company's stock.
About KNOT Offshore Partners
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider KNOT Offshore Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KNOT Offshore Partners wasn't on the list.
While KNOT Offshore Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
