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KNOT Offshore Partners NYSE:KNOP Stock Report

Last Price

US$6.10

Market Cap

US$213.1m

7D

-1.8%

1Y

10.9%

Updated

25 Nov, 2024

Data

Company Financials +

KNOT Offshore Partners LP

NYSE:KNOP Stock Report

Market Cap: US$213.1m

KNOP Stock Overview

Acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. More details

KNOP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health0/6
Dividends2/6

Rewards

Trading at 78.6% below our estimate of its fair value

Earnings are forecast to grow 106.42% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 1.7% is not well covered by earnings


KNOT Offshore Partners LP Competitors

StealthGas

NasdaqGS:GASS

US$219.1m

Green Plains Partners

NasdaqGM:GPP

US$286.4m

Dynagas LNG Partners

NYSE:DLNG

US$165.0m

Martin Midstream Partners

NasdaqGS:MMLP

US$158.0m

Price History & Performance

Summary of all time highs, changes and price drops for KNOT Offshore Partners
Historical stock prices
Current Share PriceUS$6.10
52 Week HighUS$9.11
52 Week LowUS$4.94
Beta0.72
11 Month Change-3.94%
3 Month Change-11.85%
1 Year Change10.91%
33 Year Change-62.28%
5 Year Change-67.71%
Change since IPO-72.01%

Recent News & Updates

Recent updates

KNOT Offshore Partners: Solid Q2 But Going Private Deal Growing Unlikely - Hold

Sep 04

KNOT Offshore Partners: Slow Progress Continues - Hold

May 31

KNOT Offshore Partners: Some Progress But Outlook Just Got More Clouded

Feb 27

KNOT Offshore Partners: No Distribution Increase Anytime Soon - Hold

Dec 14

KNOT Offshore Partners: More Bad News

Aug 31

KNOT Offshore Partners: Main Concerns Regarding Leverage And Liquidity

Aug 16

KNOT Offshore Partners: Progress On The Refinancing Front But Concerns Remain

May 30

KNOT Offshore Partners: 3 Reasons Not To Jump Aboard This Ship

Jan 19

KNOT Offshore Partners Cuts Common Unit Distribution By 95%, Now What?

Jan 12

KNOT Offshore Partners: Lots Of Issues Ahead

Dec 19

KNOT Offshore Partners: Brace For A Distribution Cut

Nov 02

KNOT Offshore Partners goes ex dividend tomorrow

Oct 25

KNOT Offshore Partners reports Q2 results

Aug 24

KNOT Offshore Partners declares $0.52 dividend

Jul 14

Knot Offshore Partners acquires KNOT Shuttle Tankers 35 AS

Jul 01

KNOT Offshore Partners: Strong And Consistent Dividend Yield

Jun 17

KNOT Offshore Partners LP: 12% Yield, No K-1, Steady Dividends

Apr 01

KNOT Offshore Partners LP: Steady Dividend In Q4, 13% Yield, No K-1

Jan 16

KNOT Offshore Partners: IDR Elimination Lining Up For A Distribution Cut

Jan 10

KNOT Offshore Partners: Entering Stormy Seas In 2022, Distribution Cut Might Be In The Cards

Dec 01

KNOT Offshore Partners: Time To Think About Taking Profits Off The Table

Oct 22

KNOT Offshore Partners LP: 11% Yield, No K-1

Oct 10

Shareholder Returns

KNOPUS Oil and GasUS Market
7D-1.8%3.5%2.2%
1Y10.9%17.5%31.6%

Return vs Industry: KNOP underperformed the US Oil and Gas industry which returned 17.5% over the past year.

Return vs Market: KNOP underperformed the US Market which returned 31.6% over the past year.

Price Volatility

Is KNOP's price volatile compared to industry and market?
KNOP volatility
KNOP Average Weekly Movement4.9%
Oil and Gas Industry Average Movement5.5%
Market Average Movement6.3%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: KNOP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: KNOP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20131Derek Lowewww.knotoffshorepartners.com

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.

KNOT Offshore Partners LP Fundamentals Summary

How do KNOT Offshore Partners's earnings and revenue compare to its market cap?
KNOP fundamental statistics
Market capUS$213.12m
Earnings (TTM)-US$4.85m
Revenue (TTM)US$296.18m

0.7x

P/S Ratio

-43.9x

P/E Ratio

Is KNOP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KNOP income statement (TTM)
RevenueUS$296.18m
Cost of RevenueUS$104.38m
Gross ProfitUS$191.80m
Other ExpensesUS$196.65m
Earnings-US$4.85m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Dec 05, 2024

Earnings per share (EPS)-0.14
Gross Margin64.76%
Net Profit Margin-1.64%
Debt/Equity Ratio150.0%

How did KNOP perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

-75%

Payout Ratio