Today, Analysts Set Knot Offshore Partners LP (KNOP) Target Price at $19.82

Today, Analysts Set Knot Offshore Partners LP (KNOP) Target Price at $19.82

Shares of Knot Offshore Partners LP (NYSE:KNOP) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.82.

Several research analysts recently weighed in on the company. Wells Fargo & Co. assumed coverage on Knot Offshore Partners in a research note on Thursday, August 25th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded Knot Offshore Partners from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, August 16th. Finally, Barclays PLC boosted their target price on Knot Offshore Partners from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 17th.

A number of hedge funds have recently bought and sold shares of the stock. Green Square Capital LLC increased its stake in Knot Offshore Partners by 1.8% in the second quarter. Green Square Capital LLC now owns 308,457 shares of the company’s stock valued at $5,725,000 after buying an additional 5,410 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Knot Offshore Partners by 64.6% in the second quarter. Acrospire Investment Management LLC now owns 8,177 shares of the company’s stock valued at $152,000 after buying an additional 3,208 shares during the last quarter. BlackRock Institutional Trust Company N.A. purchased a new stake in Knot Offshore Partners during the second quarter valued at $239,000. Van ECK Associates Corp increased its stake in Knot Offshore Partners by 3.2% in the second quarter. Van ECK Associates Corp now owns 236,214 shares of the company’s stock valued at $4,384,000 after buying an additional 7,398 shares during the last quarter. Finally, Advisory Research Inc. increased its stake in Knot Offshore Partners by 1.4% in the second quarter. Advisory Research Inc. now owns 1,490,925 shares of the company’s stock valued at $27,672,000 after buying an additional 20,870 shares during the last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.

Knot Offshore Partners (NYSE:KNOP) opened at 22.25 on Wednesday. The stock has a 50 day moving average price of $20.81 and a 200 day moving average price of $19.32. Knot Offshore Partners has a 1-year low of $9.68 and a 1-year high of $22.35. The company has a market cap of $617.50 million, a P/E ratio of 10.47 and a beta of 0.77.

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

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