KNOT Offshore Partners (NYSE:KNOP - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.
KNOT Offshore Partners Trading Down 1.7 %
Shares of KNOP stock traded down $0.12 on Wednesday, reaching $6.67. The company had a trading volume of 85,635 shares, compared to its average volume of 89,100. The company has a 50-day moving average of $5.71 and a 200-day moving average of $5.99. 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 stock has a market cap of $228.59 million, a PE ratio of -15.50 and a beta of 0.70. KNOT Offshore Partners has a 12 month low of $4.94 and a 12 month high of $9.11.
KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.51. The firm 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%. On average, equities analysts forecast that KNOT Offshore Partners will post 0.12 earnings per share for the current year.
Hedge Funds Weigh In On KNOT Offshore Partners
Institutional investors have recently modified their holdings of the business. Two Sigma Investments LP increased its holdings in KNOT Offshore Partners by 1.3% in the fourth 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 period. Two Sigma Advisers LP increased its holdings in shares of KNOT Offshore Partners by 8.0% during the fourth quarter. Two Sigma Advisers LP now owns 300,800 shares of the shipping company's stock valued at $1,639,000 after acquiring an additional 22,300 shares in the last quarter. Millennium Management LLC boosted its stake in KNOT Offshore Partners by 123.5% during the 4th quarter. Millennium Management LLC now owns 141,503 shares of the shipping company's stock valued at $771,000 after purchasing an additional 78,194 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of KNOT Offshore Partners by 15.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company's stock worth $74,000 after acquiring an additional 1,865 shares in the last quarter. Finally, 683 Capital Management LLC increased 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 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.
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