KNOT Offshore Partners (NYSE:KNOP - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.
KNOT Offshore Partners Price Performance
NYSE KNOP traded down $0.17 on Tuesday, hitting $6.15. 113,342 shares of the company were exchanged, compared to its average volume of 88,302. KNOT Offshore Partners has a 1-year low of $4.94 and a 1-year high of $9.11. The firm has a 50 day moving average of $5.65 and a two-hundred day moving average of $6.00. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The company has a market cap of $210.96 million, a P/E ratio of -14.30 and a beta of 0.70.
KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last released its earnings results on Wednesday, March 19th. The shipping company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.51. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. The company had revenue of $91.26 million during the quarter, compared to the consensus estimate of $76.50 million. On average, equities analysts predict that KNOT Offshore Partners will post 0.12 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of KNOP. Two Sigma Investments LP boosted its position in KNOT Offshore Partners by 1.3% during the fourth quarter. Two Sigma Investments LP now owns 189,461 shares of the shipping company's stock worth $1,033,000 after purchasing an additional 2,418 shares during the period. Two Sigma Advisers LP lifted its stake in shares of KNOT Offshore Partners by 8.0% during the 4th quarter. Two Sigma Advisers LP now owns 300,800 shares of the shipping company's stock worth $1,639,000 after buying an additional 22,300 shares during the last quarter. Millennium Management LLC lifted its stake in shares of KNOT Offshore Partners by 123.5% during the 4th quarter. Millennium Management LLC now owns 141,503 shares of the shipping company's stock worth $771,000 after buying an additional 78,194 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of KNOT Offshore Partners by 15.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company's stock worth $74,000 after buying an additional 1,865 shares during the period. Finally, 683 Capital Management LLC grew its stake in KNOT Offshore Partners by 2.5% in the 4th quarter. 683 Capital Management LLC now owns 1,610,000 shares of the shipping company's stock valued at $8,774,000 after buying an additional 39,800 shares during the last quarter. Institutional investors own 26.82% of the company's stock.
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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