KNOT Offshore Partners (NYSE:KNOP - Get Free Report) was upgraded by investment analysts at Fearnley Fonds to a "strong-buy" rating in a research note issued to investors on Tuesday, April 1st,Zacks.com reports.
Separately, StockNews.com raised shares of KNOT Offshore Partners from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th.
Check Out Our Latest Stock Report on KNOT Offshore Partners
KNOT Offshore Partners Price Performance
Shares of NYSE:KNOP traded up $0.11 on Tuesday, hitting $6.32. The company had a trading volume of 52,082 shares, compared to its average volume of 79,913. 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 $216.76 million, a PE ratio of -14.70 and a beta of 0.27. KNOT Offshore Partners has a 52-week low of $4.94 and a 52-week high of $9.11. The business has a 50 day moving average of $5.85 and a 200 day moving average of $5.99.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.51. The company had revenue of $91.26 million for the quarter, compared to analyst estimates of $76.50 million. KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. As a group, equities analysts anticipate that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its holdings in KNOT Offshore Partners by 15.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company's stock valued at $74,000 after purchasing an additional 1,865 shares during the period. Two Sigma Investments LP boosted its holdings in shares of KNOT Offshore Partners by 1.3% in the 4th quarter. Two Sigma Investments LP now owns 189,461 shares of the shipping company's stock valued at $1,033,000 after purchasing an additional 2,418 shares during the last quarter. FNY Investment Advisers LLC grew 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 valued at $756,000 after buying an additional 11,200 shares during the period. Transce3nd LLC acquired a new stake in shares of KNOT Offshore Partners during the 4th quarter worth $77,000. Finally, Two Sigma Advisers LP increased its holdings 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. Institutional investors and hedge funds own 26.82% of the company's stock.
KNOT Offshore Partners Company Profile
(
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.
Featured Stories
Before you consider KNOT Offshore Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KNOT Offshore Partners wasn't on the list.
While KNOT Offshore Partners currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
