KNOT Offshore Partners (NYSE:KNOP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, January 3rd.

According to Zacks, “KNOT Offshore Partners LP is engaged in owning, acquiring and operating shuttle tankers, designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. KNOT Offshore Partners LP is based in Aberdeen, the United Kingdom. “

How to Become a New Pot Stock Millionaire

A number of other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. BidaskClub lowered shares of KNOT Offshore Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, November 11th.

KNOT Offshore Partners (NYSE KNOP) opened at $21.55 on Wednesday. KNOT Offshore Partners has a 52 week low of $19.15 and a 52 week high of $24.42. The stock has a market cap of $716.60, a P/E ratio of 9.05 and a beta of 0.70. The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 1.63.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data on Friday, November 3rd. The shipping company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.09. KNOT Offshore Partners had a net margin of 34.02% and a return on equity of 11.18%. equities research analysts predict that KNOT Offshore Partners will post 2.09 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its stake in KNOT Offshore Partners by 4.8% in the 2nd quarter. Royal Bank of Canada now owns 8,775 shares of the shipping company’s stock valued at $201,000 after buying an additional 405 shares during the last quarter. California Public Employees Retirement System increased its stake in KNOT Offshore Partners by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 34,500 shares of the shipping company’s stock valued at $792,000 after buying an additional 2,100 shares during the last quarter. Naples Global Advisors LLC increased its stake in KNOT Offshore Partners by 24.8% in the 4th quarter. Naples Global Advisors LLC now owns 21,125 shares of the shipping company’s stock valued at $438,000 after buying an additional 4,200 shares during the last quarter. Green Square Capital LLC increased its stake in KNOT Offshore Partners by 1.8% in the 2nd quarter. Green Square Capital LLC now owns 372,966 shares of the shipping company’s stock valued at $8,560,000 after buying an additional 6,554 shares during the last quarter. Finally, Texas Yale Capital Corp. acquired a new stake in KNOT Offshore Partners in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 43.87% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “KNOT Offshore Partners (NYSE:KNOP) Upgraded at Zacks Investment Research” was reported by Marea Informative and is the property of of Marea Informative. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.mareainformativa.com/2018/01/30/knot-offshore-partners-knop-stock-rating-upgraded-by-zacks-investment-research-updated-updated-updated.html.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte SA (Transpetro), Repsol Sinopec Brasil, SA (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A.

Get a free copy of the Zacks research report on KNOT Offshore Partners (KNOP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KNOT Offshore Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KNOT Offshore Partners and related companies with MarketBeat.com's FREE daily email newsletter.