KNOT Offshore Partners (KNOP) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $6.10 to $6.20
• 50-Day Range: $5.87 to $6.96
• 52-Week Range: $4.94 to $9.11
• Volume: 48,160 shs
• Average Volume: 57,387 shs
• Market Capitalization: $209.92 million
• P/E Ratio: 122.40
• Dividend Yield: 1.63%
• Price Target: N/A
• Consensus Rating: N/A

KNOT Offshore Partners Stock Analysis - MarketRank™

KNOT Offshore Partners scored higher than 51% of companies evaluated by MarketBeat, and ranked 89th out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for KNOT Offshore Partners.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 233.33%

Earnings Growth

Earnings for KNOT Offshore Partners are expected to grow by 233.33% in the coming year, from $0.15 to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of KNOT Offshore Partners is 122.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of KNOT Offshore Partners is 122.40, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.82.

Price to Book Value per Share Ratio

KNOT Offshore Partners has a P/B Ratio of 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.51% of the float of KNOT Offshore Partners has been sold short.

Short Interest Ratio / Days to Cover

KNOT Offshore Partners has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in KNOT Offshore Partners has recently decreased by 0.33%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

KNOT Offshore Partners pays a meaningful dividend of 1.67%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

KNOT Offshore Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of KNOT Offshore Partners is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, KNOT Offshore Partners will have a dividend payout ratio of 20.00% next year. This indicates that KNOT Offshore Partners will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.51% of the float of KNOT Offshore Partners has been sold short.

Short Interest Ratio / Days to Cover

KNOT Offshore Partners has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in KNOT Offshore Partners has recently decreased by 0.33%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: N/A

News Sentiment

KNOT Offshore Partners has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Transportation companies.

Search Interest

2 people have searched for KNOP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, KNOT Offshore Partners insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 26.82% of the stock of KNOT Offshore Partners is held by institutions.

KNOP Stock Analysis - Frequently Asked Questions

How have KNOP shares performed this year?

KNOT Offshore Partners' stock was trading at $5.76 on January 1st, 2024. Since then, KNOP shares have increased by 6.3% and is now trading at $6.12.
View the best growth stocks for 2024 here.

How were KNOT Offshore Partners' earnings last quarter?

KNOT Offshore Partners LP (NYSE:KNOP) issued 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 shipping company had revenue of $74.42 million for the quarter, compared to analysts' expectations of $69.84 million. KNOT Offshore Partners had a net margin of 0.66% and a trailing twelve-month return on equity of 2.84%.

Who are KNOT Offshore Partners' major shareholders?

Top institutional shareholders of KNOT Offshore Partners include GSA Capital Partners LLP (0.09%).

How do I buy shares of KNOT Offshore Partners?

Shares of KNOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of KNOT Offshore Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that KNOT Offshore Partners investors own include Energy Transfer (ET), Conatus Pharmaceuticals (CNAT), Enterprise Products Partners (EPD), AT&T (T), Rithm Capital (RITM), ONEOK (OKE) and Realty Income (O).

Company Calendar

• Last Earnings: 9/03/2024
• Ex-Dividend for 11/7 Dividend: 10/28/2024
• Dividend Payable: 11/07/2024
• Today: 11/22/2024
• Next Earnings (Confirmed): 12/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Water transportation
• Sub-Industry: Transportation
• Current Symbol: NYSE:KNOP
• CUSIP: N/A
• CIK: 1564180
• Web: www.knotoffshorepartners.com
• Phone: 441224618420
• Fax: 44-12-2462-4891
• Employees: 1
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.05
• Trailing P/E Ratio: 122.40
• Forward P/E Ratio: 40.80
• P/E Growth: N/A
• Net Income: $-33,570,000.00
• Net Margins: 0.66%
• Pretax Margin: -0.71%
• Return on Equity: 2.84%
• Return on Assets: 0.95%

Debt

• Debt-to-Equity Ratio: 1.57
• Current Ratio: 0.76
• Quick Ratio: 0.72

Sales & Book Value

• Annual Sales: $296.76 million
• Price / Sales: 0.71
• Cash Flow: $3.69 per share
• Price / Cash Flow: 1.66
• Book Value: $15.25 per share
• Price / Book: 0.40

Miscellaneous

• Outstanding Shares: 34,297,000
• Free Float: N/A
• Market Cap: $209.90 million
• Optionable: Optionable
• Beta: 0.76