KNOT Offshore Partners (NYSE:KNOP) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.44 and traded as low as $5.29. KNOT Offshore Partners shares last traded at $5.59, with a volume of 169,136 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of KNOT Offshore Partners from a "hold" rating to a "buy" rating in a research report on Friday, December 6th.

KNOT Offshore Partners Price Performance

The firm has a market cap of $189.82 million, a P/E ratio of -12.81 and a beta of 0.74. The firm's 50 day moving average is $5.78 and its 200 day moving average is $6.41. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last announced its earnings results on Wednesday, December 4th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. During the same period in the previous year, the firm earned $0.37 earnings per share. As a group, analysts anticipate that KNOT Offshore Partners LP will post 0.12 earnings per share for the current year.

KNOT Offshore Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, January 27th will be given a dividend of $0.026 per share. The ex-dividend date is Monday, January 27th. This represents a $0.10 dividend on an annualized basis and a yield of 1.88%. KNOT Offshore Partners's dividend payout ratio (DPR) is presently -23.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC raised its stake in shares of KNOT Offshore Partners by 8.8% during the 4th quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company's stock worth $756,000 after acquiring an additional 11,200 shares in the last quarter. JPMorgan Chase & Co. raised its stake in KNOT Offshore Partners by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company's stock valued at $3,030,000 after buying an additional 31,792 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in KNOT Offshore Partners in the second quarter worth about $229,000. Finally, Marshall Wace LLP grew its stake in shares of KNOT Offshore Partners by 297.5% during the second quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company's stock worth $1,023,000 after acquiring an additional 87,283 shares during the last quarter. Institutional investors own 26.82% of the company's stock.

KNOT Offshore Partners Company Profile

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.