KNOT Offshore Partners Stock Forecast, Price & News

-0.04 (-0.22 %)
(As of 09/16/2021 02:00 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume220 shs
Average Volume131,343 shs
Market Capitalization$603.55 million
P/E Ratio9.17
Dividend Yield11.46%
30 days | 90 days | 365 days | Advanced Chart
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About KNOT Offshore Partners

KNOT Offshore Partners LP engages in the operation and acquisition of shuttle tankers under long-term charters. Its fleet consists of sixteen shuttle tankers, which are vessels designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. The company was founded on February 21, 2013 and is headquartered in Aberdeen, the United Kingdom.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

1.76 out of 5 stars

Transportation Sector

102nd out of 172 stocks

Water Transportation Industry

14th out of 25 stocks

Analyst Opinion: 1.0Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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KNOT Offshore Partners (NYSE:KNOP) Frequently Asked Questions

Is KNOT Offshore Partners a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KNOT Offshore Partners in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" KNOT Offshore Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KNOP, but not buy additional shares or sell existing shares.
View analyst ratings for KNOT Offshore Partners
or view top-rated stocks.

What stocks does MarketBeat like better than KNOT Offshore Partners?

Wall Street analysts have given KNOT Offshore Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but KNOT Offshore Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting KNOT Offshore Partners?

KNOT Offshore Partners saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 145,700 shares, a decrease of 39.9% from the August 15th total of 242,400 shares. Based on an average daily volume of 129,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the company's stock are short sold.
View KNOT Offshore Partners' Short Interest

When is KNOT Offshore Partners' next earnings date?

KNOT Offshore Partners is scheduled to release its next quarterly earnings announcement on Wednesday, November 17th 2021.
View our earnings forecast for KNOT Offshore Partners

How were KNOT Offshore Partners' earnings last quarter?

KNOT Offshore Partners LP (NYSE:KNOP) released its quarterly earnings results on Wednesday, August, 25th. The shipping company reported ($0.38) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.91. KNOT Offshore Partners had a net margin of 23.59% and a trailing twelve-month return on equity of 15.93%.
View KNOT Offshore Partners' earnings history

How has KNOT Offshore Partners' stock been impacted by COVID-19?

KNOT Offshore Partners' stock was trading at $12.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, KNOP shares have increased by 45.5% and is now trading at $18.36.
View which stocks have been most impacted by COVID-19

How often does KNOT Offshore Partners pay dividends? What is the dividend yield for KNOT Offshore Partners?

KNOT Offshore Partners declared a quarterly dividend on Tuesday, July 13th. Shareholders of record on Thursday, July 29th will be given a dividend of $0.52 per share on Thursday, August 12th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date is Wednesday, July 28th.
View KNOT Offshore Partners' dividend history

Is KNOT Offshore Partners a good dividend stock?

KNOT Offshore Partners pays an annual dividend of $2.08 per share and currently has a dividend yield of 11.46%. KNOP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of KNOT Offshore Partners is 104.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, KNOT Offshore Partners will have a dividend payout ratio of 87.03% in the coming year. This indicates that KNOT Offshore Partners may not be able to sustain their current dividend.
View KNOT Offshore Partners' dividend history.

What price target have analysts set for KNOP?

2 brokers have issued 1 year price objectives for KNOT Offshore Partners' shares. Their forecasts range from $17.00 to $22.00. On average, they expect KNOT Offshore Partners' stock price to reach $19.50 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
View analysts' price targets for KNOT Offshore Partners
or view top-rated stocks among Wall Street analysts.

Who are KNOT Offshore Partners' key executives?

KNOT Offshore Partners' management team includes the following people:
  • Gary Ivan Chapman, Chief Executive & Financial Officer

Who are some of KNOT Offshore Partners' key competitors?

What other stocks do shareholders of KNOT Offshore Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other KNOT Offshore Partners investors own include Conatus Pharmaceuticals (CNAT), Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), GasLog Partners (GLOP), Golar LNG Partners (GMLP), Enterprise Products Partners (EPD), Ares Capital (ARCC), Höegh LNG Partners (HMLP) and ONEOK (OKE).

What is KNOT Offshore Partners' stock symbol?

KNOT Offshore Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "KNOP."

Who are KNOT Offshore Partners' major shareholders?

KNOT Offshore Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (4.15%), HighTower Advisors LLC (2.51%), Morgan Stanley (1.02%), Morgan Stanley (1.01%), First Trust Advisors LP (0.79%) and Bramshill Investments LLC (0.31%).

Which institutional investors are selling KNOT Offshore Partners stock?

KNOP stock was sold by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, Goldman Sachs Group Inc., Wells Fargo & Company MN, First Trust Advisors LP, Susquehanna Fundamental Investments LLC, Arrow Investment Advisors LLC, and Simplex Trading LLC.

Which institutional investors are buying KNOT Offshore Partners stock?

KNOP stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bramshill Investments LLC, Rocky Mountain Advisers LLC, Morgan Stanley, Morgan Stanley, HAP Trading LLC, Deutsche Bank AG, and Advisor Group Holdings Inc..

How do I buy shares of KNOT Offshore Partners?

Shares of KNOP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is KNOT Offshore Partners' stock price today?

One share of KNOP stock can currently be purchased for approximately $18.36.

How much money does KNOT Offshore Partners make?

KNOT Offshore Partners has a market capitalization of $604.21 million and generates $279.22 million in revenue each year. The shipping company earns $64.15 million in net income (profit) each year or $2.00 on an earnings per share basis.

How many employees does KNOT Offshore Partners have?

KNOT Offshore Partners employs 1 workers across the globe.

What is KNOT Offshore Partners' official website?

The official website for KNOT Offshore Partners is www.knotoffshorepartners.com.

Where are KNOT Offshore Partners' headquarters?

KNOT Offshore Partners is headquartered at 2 QUEEN`S CROSS, ABERDEEN X0, AB15 4YB.

How can I contact KNOT Offshore Partners?

KNOT Offshore Partners' mailing address is 2 QUEEN`S CROSS, ABERDEEN X0, AB15 4YB. The shipping company can be reached via phone at 441224618420 or via email at [email protected]

This page was last updated on 9/16/2021 by MarketBeat.com Staff
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