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NYSE:KNOP

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

$5.37
+0.09 (+1.70%)
(As of 06/6/2023 ET)
Compare
Today's Range
$5.23
$5.42
50-Day Range
$4.36
$5.40
52-Week Range
$4.28
$18.70
Volume
91,302 shs
Average Volume
370,452 shs
Market Capitalization
$182.37 million
P/E Ratio
5.97
Dividend Yield
1.86%
Price Target
$15.50

KNOT Offshore Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
188.6% Upside
$15.50 Price Target
Short Interest
Healthy
1.02% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.18) to $0.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Transportation Sector

12th out of 118 stocks

Water Transportation Industry

1st out of 15 stocks


KNOP stock logo

About KNOT Offshore Partners (NYSE:KNOP) Stock

KNOT Offshore Partners LP is 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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KNOP Stock News Headlines

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KNOT Offshore Partners CEO/CFO Chapman stepping down
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KNOP Price History

KNOP Company Calendar

Last Earnings
3/14/2023
Ex-Dividend for 5/11 Dividend
4/26/2023
Dividend Payable
5/11/2023
Today
6/06/2023
Next Earnings (Estimated)
8/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
N/A
Employees
1
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.50
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+188.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$57.72 million
Pretax Margin
11.29%

Debt

Sales & Book Value

Annual Sales
$268.58 million
Cash Flow
$4.97 per share
Book Value
$16.72 per share

Miscellaneous

Free Float
N/A
Market Cap
$182.37 million
Optionable
Optionable
Beta
0.82














KNOP Stock - Frequently Asked Questions

Should I buy or sell KNOT Offshore Partners stock right now?

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.

What is KNOT Offshore Partners' stock price forecast for 2023?

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.

How have KNOP shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting KNOT Offshore Partners?

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
.

When is KNOT Offshore Partners' next earnings date?

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

How were KNOT Offshore Partners' earnings last quarter?

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%.

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 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
.

What ETFs hold KNOT Offshore Partners' stock?

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).

Is KNOT Offshore Partners a good dividend stock?

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.

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 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%).

How do I buy shares of KNOT Offshore Partners?

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.
Compare Top Brokerages Here.

What is KNOT Offshore Partners' stock price today?

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

How much money does KNOT Offshore Partners make?

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.

How can I contact KNOT Offshore Partners?

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.

This page (NYSE:KNOP) was last updated on 6/6/2023 by MarketBeat.com Staff

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