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

$17.51
-0.61 (-3.37 %)
(As of 02/26/2020 08:19 AM ET)
Today's Range
$17.50
Now: $17.51
$18.28
50-Day Range
$17.51
MA: $19.64
$20.94
52-Week Range
$17.50
Now: $17.51
$20.97
Volume246,967 shs
Average Volume102,040 shs
Market Capitalization$572.40 million
P/E Ratio13.07
Dividend Yield11.48%
Beta0.56
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$5.09 per share
Book Value$19.66 per share

Profitability

Net Income$80.78 million

Miscellaneous

Employees1
Market Cap$572.40 million
Next Earnings Date3/12/2020 (Confirmed)
OptionableOptionable

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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 Thursday, January 16th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.52 per share on Thursday, February 13th. This represents a $2.08 annualized dividend and a dividend yield of 11.88%. The ex-dividend date of this dividend is Thursday, January 30th. View KNOT Offshore Partners' Dividend History.

How were KNOT Offshore Partners' earnings last quarter?

KNOT Offshore Partners LP (NYSE:KNOP) announced its quarterly earnings data on Wednesday, November, 20th. The shipping company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.58 by $0.15. The shipping company earned $71.01 million during the quarter. KNOT Offshore Partners had a return on equity of 6.98% and a net margin of 15.53%. 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, March 12th 2020. View Earnings Estimates for KNOT Offshore Partners.

How can I listen to KNOT Offshore Partners' earnings call?

KNOT Offshore Partners will be holding an earnings conference call on Thursday, March 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for KNOP?

2 equities research analysts have issued 1-year price targets for KNOT Offshore Partners' stock. Their forecasts range from $21.00 to $24.00. On average, they anticipate KNOT Offshore Partners' share price to reach $22.50 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price. View Analyst Price Targets for KNOT Offshore Partners.

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

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

Press coverage about KNOP stock has been trending somewhat negative recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. KNOT Offshore Partners earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the shipping company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for KNOT Offshore Partners.

Are investors shorting KNOT Offshore Partners?

KNOT Offshore Partners saw a increase in short interest in January. As of January 31st, there was short interest totalling 25,400 shares, an increase of 109.9% from the January 15th total of 12,100 shares. Based on an average trading volume of 102,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. 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 retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (82.16%), Tortoise Capital Advisors L.L.C. (8.08%), Kayne Anderson Capital Advisors LP (7.57%), Renaissance Technologies LLC (3.10%), Eagle Global Advisors LLC (1.12%) and First Trust Advisors LP (1.04%).

Which major 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, Bank of America Corp DE, Goldman Sachs Group Inc., UBS Group AG and Taylor Frigon Capital Management LLC.

Which major investors are buying KNOT Offshore Partners stock?

KNOP stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., Renaissance Technologies LLC, Alphasimplex Group LLC, California Public Employees Retirement System, Cubist Systematic Strategies LLC, Koshinski Asset Management Inc. and Kayne Anderson Capital Advisors LP.

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, Robinhood, Fidelity and Charles Schwab.

What is KNOT Offshore Partners' stock price today?

One share of KNOP stock can currently be purchased for approximately $17.51.

How big of a company is KNOT Offshore Partners?

KNOT Offshore Partners has a market capitalization of $572.40 million and generates $279.46 million in revenue each year. 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:  278 (Vote Outperform)
Underperform Votes:  295 (Vote Underperform)
Total Votes:  573
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 2/26/2020 by MarketBeat.com Staff

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