Today, Brokerages Set Knot Offshore Partners LP (KNOP) PT at $19.82

Today, Brokerages Set Knot Offshore Partners LP (KNOP) PT at $19.82

Knot Offshore Partners LP (NYSE:KNOP) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.82.

A number of brokerages have commented on KNOP. Zacks Investment Research upgraded shares of Knot Offshore Partners from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday, August 16th. Barclays PLC boosted their target price on shares of Knot Offshore Partners from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 17th. Finally, Wells Fargo & Co. began coverage on shares of Knot Offshore Partners in a report on Thursday, August 25th. They issued a “market perform” rating for the company.

Knot Offshore Partners (NYSE:KNOP) opened at 22.25 on Wednesday. The company has a market cap of $617.50 million, a PE ratio of 10.47 and a beta of 0.77. The stock has a 50 day moving average of $20.81 and a 200 day moving average of $19.32. Knot Offshore Partners has a 52 week low of $9.68 and a 52 week high of $22.35.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 9.35%. Knot Offshore Partners’s payout ratio is 76.19%.

Several large investors have recently modified their holdings of the company. Acrospire Investment Management LLC raised its stake in shares of Knot Offshore Partners by 2.4% in the third quarter. Acrospire Investment Management LLC now owns 8,377 shares of the company’s stock worth $175,000 after buying an additional 200 shares during the last quarter. Northern Trust Corp raised its stake in shares of Knot Offshore Partners by 2.2% in the third quarter. Northern Trust Corp now owns 84,700 shares of the company’s stock worth $1,769,000 after buying an additional 1,800 shares during the last quarter. Green Square Capital LLC raised its stake in shares of Knot Offshore Partners by 1.8% in the second quarter. Green Square Capital LLC now owns 308,457 shares of the company’s stock worth $5,725,000 after buying an additional 5,410 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Knot Offshore Partners by 38.8% in the second quarter. Cohen & Steers Inc. now owns 20,815 shares of the company’s stock worth $386,000 after buying an additional 5,815 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Knot Offshore Partners by 3.2% in the second quarter. Van ECK Associates Corp now owns 236,214 shares of the company’s stock worth $4,384,000 after buying an additional 7,398 shares during the last quarter. Institutional investors and hedge funds own 48.40% of the company’s stock.

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