KNOT Offshore Partners (NYSE:KNOP) Earns “Neutral” Rating from Alliance Global Partners

KNOT Offshore Partners (NYSE:KNOP)‘s stock had its “neutral” rating reiterated by analysts at Alliance Global Partners in a research note issued on Monday, MarketBeat Ratings reports.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of KNOT Offshore Partners to a “hold” rating in a report on Monday, August 11th. Wall Street Zen lowered shares of KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 9th. Fearnley Fonds cut shares of KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KNOT Offshore Partners in a research note on Wednesday, October 8th. Finally, B. Riley lowered KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

KNOT Offshore Partners Trading Up 2.7%

NYSE KNOP opened at $10.78 on Monday. The company has a market capitalization of $369.75 million, a PE ratio of 6.95 and a beta of -0.13. The company has a fifty day moving average of $9.45 and a 200 day moving average of $8.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.28 and a quick ratio of 0.27. KNOT Offshore Partners has a 1 year low of $5.28 and a 1 year high of $10.99.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings data on Thursday, December 4th. The shipping company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.32. The company had revenue of $96.87 million during the quarter, compared to analysts’ expectations of $88.12 million. KNOT Offshore Partners had a net margin of 14.69% and a return on equity of 9.00%. Research analysts forecast that KNOT Offshore Partners will post 0.12 earnings per share for the current year.

Institutional Trading of KNOT Offshore Partners

Several institutional investors have recently made changes to their positions in KNOP. GSA Capital Partners LLP grew its position in KNOT Offshore Partners by 11.5% in the third quarter. GSA Capital Partners LLP now owns 48,075 shares of the shipping company’s stock worth $424,000 after acquiring an additional 4,957 shares during the period. Osaic Holdings Inc. lifted its stake in shares of KNOT Offshore Partners by 220.3% in the 2nd quarter. Osaic Holdings Inc. now owns 16,557 shares of the shipping company’s stock valued at $104,000 after purchasing an additional 11,388 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of KNOT Offshore Partners during the 2nd quarter worth $68,000. Russell Investments Group Ltd. increased its position in shares of KNOT Offshore Partners by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,042 shares of the shipping company’s stock worth $58,000 after purchasing an additional 4,836 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of KNOT Offshore Partners by 2.4% during the 2nd quarter. FNY Investment Advisers LLC now owns 143,420 shares of the shipping company’s stock worth $897,000 after purchasing an additional 3,340 shares during the last quarter. Hedge funds and other institutional investors own 26.82% of the company’s stock.

About KNOT Offshore Partners

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.