NYSE:KNOP

KNOT Offshore Partners Stock Forecast, Price & News

$18.71
-0.21 (-1.11 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$18.49
$18.98
50-Day Range
$18.71
$20.33
52-Week Range
$11.30
$20.34
Volume250,247 shs
Average Volume139,091 shs
Market Capitalization$611.63 million
P/E Ratio6.15
Dividend Yield10.99%
Beta1.38
30 days | 90 days | 365 days | Advanced Chart
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KNOT Offshore Partners logo

About KNOT Offshore Partners

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 March 18, 2021, it operated a fleet of seventeen shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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MarketRank

Overall MarketRank

1.42 out of 5 stars

Transportation Sector

131st out of 258 stocks

Water Transportation Industry

20th out of 29 stocks

Analyst Opinion: 1.0Community Rank: 3.2Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
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KNOT Offshore Partners (NYSE:KNOP) Frequently Asked Questions

Is KNOT Offshore Partners a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KNOT Offshore Partners in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" KNOT Offshore Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KNOP, but not buy additional shares or sell existing shares.
View analyst ratings for KNOT Offshore Partners
or view top-rated stocks.

What stocks does MarketBeat like better than KNOT Offshore Partners?

Wall Street analysts have given KNOT Offshore Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but KNOT Offshore Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting KNOT Offshore Partners?

KNOT Offshore Partners saw a increase in short interest in June. As of June 30th, there was short interest totaling 250,300 shares, an increase of 30.6% from the June 15th total of 191,600 shares. Based on an average daily volume of 126,400 shares, the short-interest ratio is presently 2.0 days. Approximately 1.0% of the company's shares are short sold.
View KNOT Offshore Partners' Short Interest
.

When is KNOT Offshore Partners' next earnings date?

KNOT Offshore Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
View our earnings forecast 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, August 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10158967".

How were KNOT Offshore Partners' earnings last quarter?

KNOT Offshore Partners LP (NYSE:KNOP) issued its quarterly earnings data on Wednesday, May, 12th. The shipping company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.22. The shipping company had revenue of $71.48 million for the quarter, compared to analyst estimates of $71.10 million. KNOT Offshore Partners had a net margin of 35.18% and a trailing twelve-month return on equity of 16.40%.
View KNOT Offshore Partners' earnings history
.

How has KNOT Offshore Partners' stock price been impacted by Coronavirus (COVID-19)?

KNOT Offshore Partners' stock was trading at $12.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, KNOP shares have increased by 48.3% and is now trading at $18.71.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, July 13th. Investors of record on Thursday, July 29th will be paid a dividend of $0.52 per share on Thursday, August 12th. This represents a $2.08 annualized dividend and a dividend yield of 11.12%. The ex-dividend date of this dividend is Wednesday, July 28th.
View KNOT Offshore Partners' dividend history
.

Is KNOT Offshore Partners a good dividend stock?

KNOT Offshore Partners pays an annual dividend of $2.08 per share and currently has a dividend yield of 10.99%. KNOP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. KNOT Offshore Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of KNOT Offshore Partners is 104.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, KNOT Offshore Partners will have a dividend payout ratio of 89.27% in the coming year. This indicates that KNOT Offshore Partners may not be able to sustain their current dividend.
View KNOT Offshore Partners' dividend history.

What price target have analysts set for KNOP?

2 brokerages have issued 12-month price targets for KNOT Offshore Partners' stock. Their forecasts range from $17.00 to $22.00. On average, they expect KNOT Offshore Partners' share price to reach $19.50 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for KNOT Offshore Partners
or view top-rated stocks among Wall Street analysts.

Who are KNOT Offshore Partners' key executives?

KNOT Offshore Partners' management team includes the following people:
  • Mr. Gary Chapman, CEO & CFO (Age 46)

Who are some of KNOT Offshore Partners' key competitors?

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 variety of institutional and retail investors. Top institutional shareholders include Taylor Frigon Capital Management LLC (0.00%).

Which major investors are buying KNOT Offshore Partners stock?

KNOP stock was purchased by a variety of institutional investors in the last quarter, including Taylor Frigon Capital Management LLC.

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 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 $18.71.

How much money does KNOT Offshore Partners make?

KNOT Offshore Partners has a market capitalization of $611.63 million and generates $279.22 million in revenue each year. The shipping company earns $64.15 million in net income (profit) each year or $2.00 on an earnings per share basis.

How many employees does KNOT Offshore Partners have?

KNOT Offshore Partners employs 1 workers across the globe.

What is KNOT Offshore Partners' official website?

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

Where are KNOT Offshore Partners' headquarters?

KNOT Offshore Partners is headquartered at 2 QUEEN`S CROSS, ABERDEEN X0, AB15 4YB.

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]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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