KNOT Offshore Partners (NYSE:KNOP) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

KNOT Offshore Partners LP (NYSE:KNOP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.19 and traded as low as $5.29. KNOT Offshore Partners shares last traded at $5.39, with a volume of 42,863 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

KNOT Offshore Partners Stock Performance

The firm has a market cap of $184.69 million, a P/E ratio of -12.52 and a beta of 0.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.44. The company’s 50 day moving average is $5.69 and its 200 day moving average is $6.19.

KNOT Offshore Partners (NYSE:KNOP) last issued its quarterly earnings data on Wednesday, December 4th. The shipping company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, equities analysts predict that KNOT Offshore Partners LP will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, January 27th were paid a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, January 27th. KNOT Offshore Partners’s payout ratio is currently -23.26%.

Hedge Funds Weigh In On KNOT Offshore Partners

Several large investors have recently modified their holdings of KNOP. JPMorgan Chase & Co. raised its stake in shares of KNOT Offshore Partners by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company’s stock valued at $3,030,000 after acquiring an additional 31,792 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of KNOT Offshore Partners by 8.8% during the fourth quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company’s stock valued at $756,000 after acquiring an additional 11,200 shares during the last quarter. Virtu Financial LLC bought a new position in shares of KNOT Offshore Partners during the fourth quarter valued at $135,000. Trexquant Investment LP raised its stake in shares of KNOT Offshore Partners by 170.4% during the fourth quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company’s stock valued at $207,000 after acquiring an additional 23,907 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of KNOT Offshore Partners by 19.0% during the fourth quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company’s stock valued at $1,112,000 after acquiring an additional 32,616 shares during the last quarter. Institutional investors 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.