KNOT Offshore Partners (NYSE:KNOP) Upgraded at StockNews.com

KNOT Offshore Partners (NYSE:KNOP) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

KNOT Offshore Partners Stock Performance

Shares of KNOT Offshore Partners stock traded down $0.03 during trading on Friday, hitting $7.24. 55,789 shares of the stock were exchanged, compared to its average volume of 100,287. The stock’s fifty day moving average is $7.24 and its 200 day moving average is $6.07. The stock has a market cap of $246.45 million, a PE ratio of -9.53 and a beta of 0.75. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.67 and a current ratio of 0.71. KNOT Offshore Partners has a 12 month low of $4.86 and a 12 month high of $9.11.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.29. The business had revenue of $76.63 million during the quarter, compared to analyst estimates of $70.66 million. KNOT Offshore Partners had a negative net margin of 8.64% and a positive return on equity of 4.57%. As a group, sell-side analysts anticipate that KNOT Offshore Partners will post -0.07 EPS for the current year.

Institutional Investors Weigh In On KNOT Offshore Partners

Institutional investors have recently bought and sold shares of the stock. ORG Partners LLC bought a new position in KNOT Offshore Partners during the first quarter valued at approximately $37,000. Valeo Financial Advisors LLC bought a new position in KNOT Offshore Partners during the first quarter valued at approximately $57,000. Atria Wealth Solutions Inc. bought a new position in KNOT Offshore Partners during the fourth quarter valued at approximately $61,000. EWA LLC bought a new position in KNOT Offshore Partners during the fourth quarter valued at approximately $75,000. Finally, Jump Financial LLC bought a new position in KNOT Offshore Partners during the fourth quarter valued at approximately $153,000. Institutional investors and hedge funds own 26.82% of the company’s stock.

KNOT Offshore Partners Company Profile

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.