KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.75 and traded as low as $6.01. KNOT Offshore Partners shares last traded at $6.08, with a volume of 72,646 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered KNOT Offshore Partners from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th.
Get Our Latest Research Report on KNOT Offshore Partners
KNOT Offshore Partners Stock Performance
The firm has a market cap of $208.54 million, a PE ratio of 121.60 and a beta of 0.76. The company has a 50-day simple moving average of $6.46 and a two-hundred day simple moving average of $6.75. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 1.57.
KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last released its earnings results on Tuesday, September 3rd. The shipping company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.25). The company had revenue of $74.42 million for the quarter, compared to the consensus estimate of $69.84 million. KNOT Offshore Partners had a net margin of 0.66% and a return on equity of 2.84%. During the same period in the prior year, the company earned $0.27 earnings per share. As a group, equities research analysts forecast that KNOT Offshore Partners LP will post 0.15 earnings per share for the current year.
KNOT Offshore Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a dividend of $0.026 per share. The ex-dividend date was Monday, October 28th. This represents a $0.10 annualized dividend and a yield of 1.71%. KNOT Offshore Partners's dividend payout ratio is currently 200.00%.
Hedge Funds Weigh In On KNOT Offshore Partners
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its holdings in shares of KNOT Offshore Partners by 297.5% during the 2nd 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. Cubist Systematic Strategies LLC bought a new stake in KNOT Offshore Partners during the second quarter worth about $229,000. Finally, Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 41,100 shares during the last quarter. 26.82% of the stock is currently owned by hedge funds and other institutional investors.
About KNOT Offshore Partners
(
Get Free Report)
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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