KNOT Offshore Partners (NYSE:KNOP) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of KNOT Offshore Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 24th. Barclays dropped their target price on shares of KNOT Offshore Partners from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th.
Shares of NYSE:KNOP traded up $0.15 during mid-day trading on Wednesday, reaching $18.80. 45,667 shares of the company’s stock were exchanged, compared to its average volume of 65,929. The firm has a market capitalization of $614.25 million, a price-to-earnings ratio of 7.49 and a beta of 0.57. The business’s fifty day moving average price is $18.82 and its 200-day moving average price is $19.17. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.47 and a current ratio of 0.49. KNOT Offshore Partners has a twelve month low of $17.18 and a twelve month high of $22.50.
KNOT Offshore Partners (NYSE:KNOP) last released its earnings results on Wednesday, August 28th. The shipping company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $70.92 million for the quarter, compared to analyst estimates of $70.10 million. KNOT Offshore Partners had a net margin of 17.94% and a return on equity of 7.95%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mondrian Investment Partners LTD bought a new stake in KNOT Offshore Partners in the second quarter valued at $50,000. AJO LP bought a new stake in KNOT Offshore Partners in the first quarter valued at $279,000. Advantage Investment Management LLC increased its stake in KNOT Offshore Partners by 5.9% in the second quarter. Advantage Investment Management LLC now owns 14,729 shares of the shipping company’s stock valued at $281,000 after purchasing an additional 823 shares in the last quarter. Deutsche Bank AG increased its stake in KNOT Offshore Partners by 338.2% in the fourth quarter. Deutsche Bank AG now owns 20,900 shares of the shipping company’s stock valued at $374,000 after purchasing an additional 16,131 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in KNOT Offshore Partners by 8.3% in the first quarter. Ballentine Partners LLC now owns 28,598 shares of the shipping company’s stock valued at $543,000 after purchasing an additional 2,180 shares in the last quarter. 40.50% of the stock is owned by hedge funds and other institutional investors.
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 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.
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