NYSE:KNOP KNOT Offshore Partners (KNOP) Stock Forecast, Price & News $5.37 +0.09 (+1.70%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$5.23▼$5.4250-Day Range$4.36▼$5.4052-Week Range$4.28▼$18.70Volume91,302 shsAverage Volume370,452 shsMarket Capitalization$182.37 millionP/E Ratio5.97Dividend Yield1.86%Price Target$15.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media KNOT Offshore Partners MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside188.6% Upside$15.50 Price TargetShort InterestHealthy1.02% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.18) to $0.69 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector12th out of 118 stocksWater Transportation Industry1st out of 15 stocks 3.5 Analyst's Opinion Consensus RatingKNOT Offshore Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.50, KNOT Offshore Partners has a forecasted upside of 188.6% from its current price of $5.37.Amount of Analyst CoverageKNOT Offshore Partners has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.02% of the float of KNOT Offshore Partners has been sold short.Short Interest Ratio / Days to CoverKNOT Offshore Partners has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in KNOT Offshore Partners has recently decreased by 14.36%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldKNOT Offshore Partners pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthKNOT Offshore Partners does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of KNOT Offshore Partners is 11.11%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, KNOT Offshore Partners will have a dividend payout ratio of 14.49% next year. This indicates that KNOT Offshore Partners will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KNOP. Previous Next 2.2 News and Social Media Coverage News SentimentKNOT Offshore Partners has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 1 news article for KNOT Offshore Partners this week, compared to 1 article on an average week.Search InterestOnly 8 people have searched for KNOP on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added KNOT Offshore Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -82% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, KNOT Offshore Partners insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 15.93% of the stock of KNOT Offshore Partners is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for KNOT Offshore Partners are expected to grow in the coming year, from ($0.18) to $0.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of KNOT Offshore Partners is 5.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.12.Price to Earnings Ratio vs. SectorThe P/E ratio of KNOT Offshore Partners is 5.97, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.85.Price to Book Value per Share RatioKNOT Offshore Partners has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About KNOT Offshore Partners (NYSE:KNOP) StockKNOT 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.Read More Receive KNOP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for KNOT Offshore Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address KNOP Stock News HeadlinesMay 30, 2023 | msn.comKNOT Offshore raised to Buy at Alliance after solid Q1, closed charter windowsMay 30, 2023 | msn.comAlliance Global Partners Upgrades KNOT Offshore Partners LP - Unit (KNOP)June 6, 2023 | MarketBeat Internal (Ad)Get MarketBeat All Access Free for 30 DaysMarketBeat All Access is the premier all-in-one stock research solution that helps you identify the best stocks, monitor your portfolio, and keep track of the market. You get our top stock picks, best-in-class research tools, real-time alerts, proprietary research reports and much more. Try it free for 30 days.May 30, 2023 | americanbankingnews.comKNOT Offshore Partners (NYSE:KNOP) Stock Rating Upgraded by Alliance Global PartnersMay 29, 2023 | finance.yahoo.comKNOT Offshore Partners LP (NYSE:KNOP) Q1 2023 Earnings Call TranscriptMay 29, 2023 | americanbankingnews.comShort Interest in KNOT Offshore Partners LP (NYSE:KNOP) Drops By 14.4%May 27, 2023 | fool.comKnot Offshore Partners (NYSE: KNOP)May 25, 2023 | msn.comRecap: KNOT Offshore Partners Q1 EarningsJune 6, 2023 | Vantage Point (Ad)Instantly Find Hidden Trade OpportunitiesThere’s a tool that scans and picks the best stocks…how you approach the trades is up to you. But when you’re forecasting 1 – 3 days in advance, it’s not really a guessing game. Stop guessing and start predicting to add consistency to your trades… no matter what happens in the market. May 25, 2023 | finance.yahoo.comKNOT Offshore Partners LP Earnings Release— Interim Results for the Period Ended March 31, 2023May 24, 2023 | americanbankingnews.comKNOT Offshore Partners (KNOP) Set to Announce Quarterly Earnings on FridayMay 20, 2023 | americanbankingnews.comKNOT Offshore Partners (NYSE:KNOP) Cut to Hold at StockNews.comMay 10, 2023 | americanbankingnews.comKNOT Offshore Partners (NYSE:KNOP) Upgraded to "Buy" by StockNews.comMay 3, 2023 | americanbankingnews.comKNOT Offshore Partners (NYSE:KNOP) Stock Rating Lowered by StockNews.comApril 20, 2023 | finance.yahoo.comKNOT Offshore Partners LP Announces First Quarter 2023 Earnings Results Conference CallApril 18, 2023 | americanbankingnews.comB. Riley Analysts Reduce Earnings Estimates for KNOT Offshore Partners LP (NYSE:KNOP)April 15, 2023 | msn.comKNOT Offshore Partners (KNOP) Declares $0.03 DividendApril 15, 2023 | americanbankingnews.comKNOT Offshore Partners LP (KNOP) To Go Ex-Dividend on April 26thApril 15, 2023 | americanbankingnews.comKNOT Offshore Partners LP Plans Quarterly Dividend of $0.03 (NYSE:KNOP)April 15, 2023 | americanbankingnews.comKNOT Offshore Partners (NYSE:KNOP) Downgraded to Hold at StockNews.comApril 13, 2023 | finance.yahoo.comKNOT Offshore Partners LP Announces First Quarter 2023 Cash DistributionApril 10, 2023 | seekingalpha.comKNOT Offshore Partners CEO/CFO Chapman stepping downApril 10, 2023 | finance.yahoo.comKNOT Offshore Partners LP Announces CEO/CFO Stepping DownApril 5, 2023 | finance.yahoo.comKNOT Offshore Partners LP Announces Change to its Board of DirectorsMarch 30, 2023 | businesswire.comKNOT Offshore Partners LP Announces Availability Of Its Form 20-F for the Year Ended December 31, 2022March 26, 2023 | americanbankingnews.comKNOT Offshore Partners (NYSE:KNOP) Stock Crosses Below Two Hundred Day Moving Average of $10.55March 20, 2023 | finance.yahoo.comKNOT Offshore Partners LP (NYSE:KNOP) Q4 2022 Earnings Call TranscriptSee More Headlines KNOP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KNOP Company Calendar Last Earnings3/14/2023Ex-Dividend for 5/11 Dividend4/26/2023Dividend Payable5/11/2023Today6/06/2023Next Earnings (Estimated)8/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water transportation Sub-IndustryN/A SectorTransportation Current SymbolNYSE:KNOP CUSIPN/A CIK1564180 Webwww.knotoffshorepartners.com Phone441224618420Fax44-12-2462-4891Employees1Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.90 Trailing P/E Ratio5.97 Forward P/E RatioN/A P/E GrowthN/ANet Income$57.72 million Net Margins11.14% Pretax Margin11.29% Return on Equity5.32% Return on Assets1.78% Debt Debt-to-Equity Ratio1.18 Current Ratio0.22 Quick Ratio0.21 Sales & Book Value Annual Sales$268.58 million Price / Sales0.68 Cash Flow$4.97 per share Price / Cash Flow1.08 Book Value$16.72 per share Price / Book0.32Miscellaneous Outstanding Shares33,960,000Free FloatN/AMarket Cap$182.37 million OptionableOptionable Beta0.82 Key ExecutivesGary Ivan ChapmanChief Executive & Financial OfficerKey CompetitorsDynagas LNG PartnersNYSE:DLNGOdyssey Marine ExplorationNASDAQ:OMEXGasLog PartnersNYSE:GLOPHimalaya ShippingNYSE:HSHPSEACOR MarineNYSE:SMHIView All CompetitorsInstitutional OwnershipSparta 24 Ltd.Bought 97,732 shares on 5/19/2023Ownership: 0.400%Susquehanna International Group LLPSold 26,400 shares on 5/16/2023Ownership: 0.000%Arrow Investment Advisors LLCBought 9,179 shares on 5/15/2023Ownership: 0.062%Bayesian Capital Management LPBought 15,826 shares on 5/15/2023Ownership: 0.047%Bank of America Corp DEBought 21,711 shares on 5/12/2023Ownership: 0.208%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding KNOT Offshore Partners LP Please log in to your account or sign up in order to add this asset to your watchlist. 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