NYSE:KNOP - KNOT Offshore Partners Stock Price, News & Analysis

$18.95
+0.20 (+1.07 %)
(As of 08/19/2019 04:00 PM ET)
Today's Range
$18.85
Now: $18.95
$19.10
50-Day Range
$18.19
MA: $19.35
$20.24
52-Week Range
$17.18
Now: $18.95
$22.60
Volume52,100 shs
Average Volume103,924 shs
Market Capitalization$619.55 million
P/E Ratio7.55
Dividend Yield11.09%
Beta0.57
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of April 10, 2019, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryN/A
SectorTransportation
CUSIPN/A
Phone44-12-2461-8420

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$279.46 million
Cash Flow$5.4143 per share
Book Value$19.66 per share

Profitability

Net Income$80.78 million

Miscellaneous

Employees1
Market Cap$619.55 million
Next Earnings Date8/29/2019 (Confirmed)
OptionableOptionable

Receive KNOP News and Ratings via Email

Sign-up to receive the latest news and ratings for KNOP and its competitors with MarketBeat's FREE daily newsletter.


KNOT Offshore Partners (NYSE:KNOP) Frequently Asked Questions

What is KNOT Offshore Partners' stock symbol?

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

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

KNOT Offshore Partners announced a quarterly dividend on Tuesday, July 16th. Stockholders of record on Friday, July 26th will be paid a dividend of $0.52 per share on Wednesday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 10.98%. The ex-dividend date of this dividend is Thursday, July 25th. View KNOT Offshore Partners' Dividend History.

How were KNOT Offshore Partners' earnings last quarter?

KNOT Offshore Partners LP (NYSE:KNOP) issued its quarterly earnings data on Thursday, May, 23rd. The shipping company reported $0.39 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.68 by $0.29. The shipping company had revenue of $70.55 million for the quarter, compared to analysts' expectations of $69.84 million. KNOT Offshore Partners had a return on equity of 9.95% and a net margin of 22.81%. View KNOT Offshore Partners' Earnings History.

When is KNOT Offshore Partners' next earnings date?

KNOT Offshore Partners is scheduled to release their next quarterly earnings announcement on Thursday, August 29th 2019. View Earnings Estimates for KNOT Offshore Partners.

What price target have analysts set for KNOP?

1 equities research analysts have issued 12 month price objectives for KNOT Offshore Partners' shares. Their forecasts range from $20.00 to $20.00. On average, they anticipate KNOT Offshore Partners' stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price. View Analyst Price Targets for KNOT Offshore Partners.

What is the consensus analysts' recommendation for KNOT Offshore Partners?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KNOT Offshore Partners in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for KNOT Offshore Partners.

What are Wall Street analysts saying about KNOT Offshore Partners stock?

Here are some recent quotes from research analysts about KNOT Offshore Partners stock:
  • 1. According to Zacks Investment Research, "KNOT Offshore Partners LP is engaged in owning, acquiring and operating shuttle tankers, designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. KNOT Offshore Partners LP is based in Aberdeen, the United Kingdom. " (7/24/2019)
  • 2. Barclays PLC analysts commented, "We note Shell had previously exercised its one-year option on the 2018, such that we do not necessarily interpret the suspension to have negative implications on the extension outlook at this time. 4Q details. KNOP reported adj. EBITDA of $55.4mm vs. our $53.5mm and consensus of $44.8mm. DCF of $27.3mm was also above our $24.7 mm estimate, primarily reflecting the above mentioned EBITDA beat. As expected, KNOP kept its cash distribution flat Q/Q at $0.52/unit, resulting in coverage of 1.51x (vs. Barclays 1.37x)." (3/18/2019)

Has KNOT Offshore Partners been receiving favorable news coverage?

Headlines about KNOP stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. KNOT Offshore Partners earned a news impact score of -2.3 on InfoTrie's scale. They also assigned media coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for KNOT Offshore Partners.

Are investors shorting KNOT Offshore Partners?

KNOT Offshore Partners saw a drop in short interest in July. As of July 31st, there was short interest totalling 31,700 shares, a drop of 13.6% from the June 30th total of 36,700 shares. Based on an average daily trading volume, of 87,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company's shares are sold short. View KNOT Offshore Partners' Current Options Chain.

Who are some of KNOT Offshore Partners' key competitors?

What other stocks do shareholders of KNOT Offshore Partners own?

Who are KNOT Offshore Partners' key executives?

KNOT Offshore Partners' management team includes the folowing people:
  • Mr. John A. Costain, CEO & CFO (Age 55)

Who are KNOT Offshore Partners' major shareholders?

KNOT Offshore Partners' stock is owned by a number of of institutional and retail investors. Top institutional investors include Kayne Anderson Capital Advisors LP (7.41%), Invesco Ltd. (5.64%), Eagle Global Advisors LLC (3.98%), HighTower Advisors LLC (1.65%), Renaissance Technologies LLC (1.55%) and Morgan Stanley (1.07%).

Which institutional investors are selling KNOT Offshore Partners stock?

KNOP stock was sold by a variety of institutional investors in the last quarter, including Eagle Global Advisors LLC, First Trust Advisors LP, Duff & Phelps Investment Management Co., Mckinley Capital Management LLC Delaware, Ballentine Partners LLC, Arrow Investment Advisors LLC and Bank of America Corp DE.

Which institutional investors are buying KNOT Offshore Partners stock?

KNOP stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., HighTower Advisors LLC, Renaissance Technologies LLC, Kayne Anderson Capital Advisors LP, Morgan Stanley, Russell Investments Group Ltd., Naples Global Advisors LLC and Mondrian Investment Partners LTD.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is KNOT Offshore Partners' stock price today?

One share of KNOP stock can currently be purchased for approximately $18.95.

How big of a company is KNOT Offshore Partners?

KNOT Offshore Partners has a market capitalization of $619.55 million and generates $279.46 million in revenue each year. The shipping company earns $80.78 million in net income (profit) each year or $2.51 on an earnings per share basis. KNOT Offshore Partners employs 1 workers across the globe.View Additional Information About KNOT Offshore Partners.

What is KNOT Offshore Partners' official website?

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

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 44-12-2461-8420 or via email at [email protected]


MarketBeat Community Rating for KNOT Offshore Partners (NYSE KNOP)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  239 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  491
MarketBeat's community ratings are surveys of what our community members think about KNOT Offshore Partners and other stocks. Vote "Outperform" if you believe KNOP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KNOP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/19/2019 by MarketBeat.com Staff

Featured Article: Discount Rate

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel