KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.71 and traded as low as $5.91. KNOT Offshore Partners shares last traded at $6.08, with a volume of 60,458 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of KNOT Offshore Partners from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th.
Get Our Latest Report on KNOP
KNOT Offshore Partners Price Performance
The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.72 and a current ratio of 0.76. The firm has a market capitalization of $204.77 million, a PE ratio of 121.60 and a beta of 0.76. The stock has a fifty day moving average price of $6.58 and a 200-day moving average price of $6.71.
KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last posted its quarterly earnings data on Tuesday, September 3rd. The shipping company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.25). KNOT Offshore Partners had a return on equity of 2.84% and a net margin of 0.66%. The firm had revenue of $74.42 million for the quarter, compared to the consensus estimate of $69.84 million. During the same quarter last year, the firm earned $0.27 EPS. Sell-side analysts forecast that KNOT Offshore Partners LP will post 0.15 EPS for the current fiscal year.
KNOT Offshore Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.026 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, October 28th. KNOT Offshore Partners's payout ratio is 200.00%.
Institutional Investors Weigh In On KNOT Offshore Partners
A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of KNOT Offshore Partners by 3.2% during the second quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company's stock worth $11,498,000 after buying an additional 41,100 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of KNOT Offshore Partners by 297.5% in the second quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company's stock valued at $1,023,000 after purchasing an additional 87,283 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in KNOT Offshore Partners during the second quarter worth approximately $229,000. Finally, ORG Partners LLC purchased a new position in KNOT Offshore Partners during the first quarter worth approximately $37,000. 26.82% of the stock is currently owned by institutional investors and hedge funds.
KNOT Offshore Partners Company Profile
(
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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.
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