Media headlines about KNOT Offshore Partners (NYSE:KNOP) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KNOT Offshore Partners earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 46.2627064025184 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts recently weighed in on KNOP shares. BidaskClub raised KNOT Offshore Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine cut KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research cut KNOT Offshore Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.
KNOT Offshore Partners (NYSE KNOP) traded up 0.64% during trading on Friday, reaching $23.50. The company had a trading volume of 37,169 shares. KNOT Offshore Partners has a 1-year low of $18.90 and a 1-year high of $24.67. The firm has a 50-day moving average of $23.43 and a 200-day moving average of $23.02. The stock has a market capitalization of $710.92 million, a price-to-earnings ratio of 10.69 and a beta of 0.77.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, November 2nd will be given a $0.52 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $2.08 dividend on an annualized basis and a yield of 8.91%. KNOT Offshore Partners’s payout ratio is currently 87.03%.
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About KNOT Offshore Partners
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.
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