KNOT Offshore Partners (NYSE:KNOP – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.
KNOT Offshore Partners Stock Performance
NYSE:KNOP opened at $6.67 on Thursday. The stock has a 50-day simple moving average of $6.94 and a two-hundred day simple moving average of $6.52. KNOT Offshore Partners has a 52-week low of $4.94 and a 52-week high of $9.11. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.72 and a current ratio of 0.76. The firm has a market capitalization of $227.08 million, a PE ratio of -8.78 and a beta of 0.75.
KNOT Offshore Partners (NYSE:KNOP – Get Free Report) last released its quarterly earnings results on Tuesday, September 3rd. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.25). KNOT Offshore Partners had a net margin of 0.66% and a return on equity of 2.84%. The company had revenue of $74.42 million for the quarter, compared to the consensus estimate of $69.84 million. During the same period in the prior year, the firm posted $0.27 EPS. Analysts forecast that KNOT Offshore Partners will post 0.15 EPS for the current year.
Hedge Funds Weigh In On KNOT Offshore Partners
About KNOT Offshore Partners
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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