KNOT Offshore Partners (KNOP) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KNOT Offshore Partners in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KNOP shares.
View KNOP analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month target prices for KNOT Offshore Partners' shares. Their KNOP share price forecasts range from $15.00 to $16.00. On average, they predict the company's share price to reach $15.50 in the next year. This suggests a possible upside of 188.6% from the stock's current price.
View analysts price targets for KNOP or view top-rated stocks among Wall Street analysts.

KNOT Offshore Partners' stock was trading at $9.63 on January 1st, 2023. Since then, KNOP stock has decreased by 44.2% and is now trading at $5.37.
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KNOT Offshore Partners saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 248,100 shares, a decrease of 14.4% from the April 30th total of 289,700 shares. Based on an average daily volume of 288,800 shares, the short-interest ratio is presently 0.9 days. Currently, 1.0% of the shares of the stock are sold short.
View KNOT Offshore Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our KNOP earnings forecast.

KNOT Offshore Partners LP (NYSE:KNOP) released its quarterly earnings data on Tuesday, March, 14th. The shipping company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.01. The shipping company earned $71.61 million during the quarter, compared to the consensus estimate of $68.70 million. KNOT Offshore Partners had a net margin of 11.14% and a trailing twelve-month return on equity of 5.32%.

KNOT Offshore Partners declared a quarterly dividend on Thursday, April 13th. Stockholders of record on Thursday, April 27th will be given a dividend of $0.026 per share on Thursday, May 11th. This represents a $0.10 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Wednesday, April 26th.
Read our dividend analysis for KNOP.

ETFs with the largest weight of KNOT Offshore Partners (NYSE:KNOP) stock in their portfolio include Arrow Dow Jones Global Yield ETF (GYLD).SonicShares Global Shipping ETF (BOAT).

KNOT Offshore Partners (NYSE:KNOP) pays an annual dividend of $0.10 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 11.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KNOP will have a dividend payout ratio of 14.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KNOP.

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).

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

KNOT Offshore Partners' stock is owned by a number of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.68%), Sparta 24 Ltd. (0.40%), Naples Global Advisors LLC (0.28%), FNY Investment Advisers LLC (0.23%), Bank of America Corp DE (0.21%) and Jump Financial LLC (0.11%).

Shares of KNOP stock 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.
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One share of KNOP stock can currently be purchased for approximately $5.37.

KNOT Offshore Partners (NYSE:KNOP) has a market capitalization of $182.37 million and generates $268.58 million in revenue each year. The shipping company earns $57.72 million in net income (profit) each year or $0.90 on an earnings per share basis.

KNOT Offshore Partners' mailing address is 2 QUEEN`S CROSS, ABERDEEN X0, AB15 4YB. The official website for the company is www.knotoffshorepartners.com. The shipping company can be reached via phone at 441224618420, via email at ir@knotoffshorepartners.com, or via fax at 44-12-2462-4891.