KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP): Price and Financial Metrics


KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP)

Today's Latest Price: $17.32 USD

0.11 (-0.63%)

Updated Jan 21 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 53 in Shipping

See all "A" rated Strong Buy stocks

KNOP Stock Summary

  • Of note is the ratio of KNOT Offshore Partners LP's sales and general administrative expense to its total operating expenses; only 3.51% of US stocks have a lower such ratio.
  • As for revenue growth, note that KNOP's revenue has grown 82.27% over the past 12 months; that beats the revenue growth of 93.5% of US companies in our set.
  • KNOT Offshore Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 28.75%, greater than the shareholder yield of 92.89% of stocks in our set.
  • Stocks that are quantitatively similar to KNOP, based on their financial statements, market capitalization, and price volatility, are SVC, GOGL, GLOG, TRTN, and IDA.
  • Visit KNOP's SEC page to see the company's official filings. To visit the company's web site, go to www.knotoffshorepartners.com.

KNOP Stock Price Chart Interactive Chart >

Price chart for KNOP

KNOP Price/Volume Stats

Current price $17.32 52-week high $20.89
Prev. close $17.43 52-week low $8.67
Day low $17.22 Volume 129,807
Day high $17.52 Avg. volume 134,785
50-day MA $15.12 Dividend yield 11.93%
200-day MA $13.95 Market Cap 566.19M

KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) Company Bio


KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. The company was founded in 2013 and is based in Aberdeen, the United Kingdom.

KNOP Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$17.32$86.1 394%

We started the process of determining a valid price forecast for KNOT Offshore Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that KNOT Offshore Partners LP ranked in the 80th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 396.5% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of KNOT Offshore Partners LP, consider:

  • 36% of the company's capital comes from equity, which is greater than just 11.26% of stocks in our cash flow based forecasting set.
  • KNOT Offshore Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 22.35% of US stocks with positive free cash flow.
  • The weighted average cost of capital for the company is 9. This value is greater than just 22.62% stocks in the Industrials sector that generate free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%384%
1%389%
2%394%
3%399%
4%404%
5%409%

For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as KNOP, try APWC, GNK, EML, USDP, and ABM.


KNOP Latest News Stream


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Latest KNOP News From Around the Web

Below are the latest news stories about KNOT Offshore Partners LP that investors may wish to consider to help them evaluate KNOP as an investment opportunity.

KNOT Offshore Partners: Distributions Remain Intact Even After The New Acquisition

Introduction The little-known shuttle tanker owner KNOT Offshore Partners (KNOP) may not be without their risks but nevertheless, their very high distribution yield of 14% has remained resilient amidst the turbulence of 2020, as my previous article discussed. This new article provides a follow-up analysis that reviews their subsequently released...

Daniel Thurecht on Seeking Alpha | December 29, 2020

KNOT Offshore Partners LP Announces Acquisition of Tove Knutsen

KNOT Offshore Partners LP (the "Partnership") (NYSE:KNOP) announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has agreed to acquire KNOT Shuttle Tankers 34 AS, the company that owns the shuttle tanker, Tove Knutsen, from Knutsen NYK Offshore Tankers AS ("KNOT") (the "Acquisition"). The purchase price of the Acquisition is $117.8 million, less $93.1 million of outstanding indebtedness and will be financed on a non-dilutive basis using cash on hand and borrowings under KNOP’s existing revolving credit facility.

Yahoo | December 15, 2020

Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® MLP Market Cap Index

Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on December 18, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on December 21, 2020:

Yahoo | December 11, 2020

Is KNOT Offshore Partners LP (KNOP) A Good Stock To Buy?

With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was KNOT Offshore Partners LP (NYSE:KNOP). Is KNOT Offshore Partners LP […]

Yahoo | November 27, 2020

KNOT Offshore Partners LP Announces Third Quarter 2020 Earnings Results Conference Call - Stocks News Feed

Share this Stock InformationABERDEEN, Scotland–(BUSINESS WIRE)–KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Third Quarter of 2020 before opening of the market on Thursday, November 19, 2020. The Partnership also plans to host a conference call on Thursday, November 19, 2020 at 11:00 AM (Eastern Time) to discuss… Read More »KNOT Offshore Partners LP Announces Third Quarter 2020 Earnings Results Conference Call

Stocks News Feed | October 23, 2020

Read More 'KNOP' Stories Here

KNOP Price Returns

1-mo 17.26%
3-mo 29.62%
6-mo 28.59%
1-year -3.81%
3-year 11.95%
5-year 149.60%
YTD 15.01%
2020 -12.78%
2019 22.90%
2018 -4.60%
2017 -3.78%
2016 96.69%

KNOP Dividends

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Continue Researching KNOP

Here are a few links from around the web to help you further your research on KNOT Offshore Partners LP's stock as an investment opportunity:

KNOT Offshore Partners LP (KNOP) Stock Price | Nasdaq
KNOT Offshore Partners LP (KNOP) Stock Quote, History and News - Yahoo Finance
KNOT Offshore Partners LP (KNOP) Stock Price and Basic Information | MarketWatch


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