NYSE:KNOPKNOT Offshore Partners Stock Price, Forecast & News

KNOT Offshore Partners' stock was trading at $12.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, KNOP stock has increased by 19.7% and is now trading at $15.10. View which stocks have been most impacted by Coronavirus.

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.

KNOT Offshore Partners is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020. View our earnings forecast for KNOT Offshore Partners.

KNOT Offshore Partners LP (NYSE:KNOP) issued its earnings results on Wednesday, May, 27th. The shipping company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.51 by $0.70. The shipping company earned $67.82 million during the quarter. KNOT Offshore Partners had a return on equity of 6.43% and a net margin of 14.28%. View KNOT Offshore Partners' earnings history.

KNOT Offshore Partners declared a quarterly dividend on Tuesday, April 7th. Shareholders of record on Friday, May 1st will be given a dividend of $0.52 per share on Thursday, May 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 13.77%. The ex-dividend date is Thursday, April 30th. View KNOT Offshore Partners' dividend history.

2 brokerages have issued 1-year target prices for KNOT Offshore Partners' stock. Their forecasts range from $16.00 to $24.00. On average, they expect KNOT Offshore Partners' share price to reach $20.00 in the next year. This suggests a possible upside of 32.5% from the stock's current price. View analysts' price targets for KNOT Offshore Partners.

Headlines about KNOP stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. KNOT Offshore Partners earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned news coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutKNOT Offshore Partners.

KNOT Offshore Partners saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 150,100 shares, a decline of 12.7% from the April 30th total of 172,000 shares. Based on an average daily trading volume, of 284,900 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the company's shares are sold short. View KNOT Offshore Partners' Current Options Chain.

Some companies that are related to KNOT Offshore Partners include Matson (MATX), Teekay Lng Partners (TGP), Golar LNG (GLNG), Nordic American Tanker (NAT), International Seaways (INSW), Teekay Tankers (TNK), Golden Ocean Group (GOGL), Hoegh LNG Partners (HMLP), GasLog (GLOG), GasLog Partners LP Unit (GLOP), Tidewater (TDW), Golar LNG Partners (GMLP), Dynagas LNG Partners (DLNG), Odyssey Marine Exploration (OMEX) and Hornbeck Offshore Services (HOS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other KNOT Offshore Partners investors own include Conatus Pharmaceuticals (CNAT), Energy Transfer LP Unit (ET), AT&T (T), New Residential Investment (NRZ), GasLog Partners LP Unit (GLOP), Golar LNG Partners (GMLP), Ares Capital (ARCC), Hoegh LNG Partners (HMLP), Enterprise Products Partners (EPD) and AGNC Investment (AGNC).

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

KNOT Offshore Partners' stock is owned by a number of institutional and retail investors. Top institutional investors include Invesco Ltd. (5.47%), Tortoise Capital Advisors L.L.C. (4.56%), Kayne Anderson Capital Advisors LP (4.15%), HighTower Advisors LLC (1.56%), Morgan Stanley (1.31%) and Morgan Stanley (1.31%).

KNOP stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Kayne Anderson Capital Advisors LP, Eagle Global Advisors LLC, Invesco Ltd., Morgan Stanley, Morgan Stanley, First Trust Advisors LP, and UBS Group AG.

KNOP stock was bought by a variety of institutional investors in the last quarter, including HighTower Advisors LLC, Deutsche Bank AG, Jane Street Group LLC, Engineers Gate Manager LP, BlackRock Inc., AE Wealth Management LLC, Wiley BROS. Aintree Capital LLC, and Advisor Group Holdings Inc..

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.

One share of KNOP stock can currently be purchased for approximately $15.10.

KNOT Offshore Partners has a market capitalization of $493.62 million and generates $282.56 million in revenue each year. KNOT Offshore Partners employs 1 workers across the globe.

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

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]