Will stock surge before Earnings results? KNOT Offshore Partners Stock Forecast, Price & News (NYSE:KNOP)

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Earnings results for KNOT Offshore Partners Stock Forecast, Price & News (NYSE:KNOP)

KNOT Offshore Partners LP is expected* to report earnings on 08/27/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. The reported EPS for the same quarter last year was $0.25.

KNOT Offshore Partners last posted its quarterly earnings results on May 27th, 2020. The shipping company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.70. The company earned $67.82 million during the quarter. KNOT Offshore Partners has generated $0.00 earnings per share over the last year and currently has a price-to-earnings ratio of 10.4. KNOT Offshore Partners has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on KNOT Offshore Partners Stock Forecast, Price & News (NYSE:KNOP)

2 Wall Street analysts have issued ratings and price targets for KNOT Offshore Partners in the last 12 months. Their average twelve-month price target is $20.00, predicting that the stock has a possible upside of 57.48%. The high price target for KNOP is $24.00 and the low price target for KNOP is $16.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

KNOT Offshore Partners has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $20.00, KNOT Offshore Partners has a forecasted upside of 57.5% from its current price of $12.70. KNOT Offshore Partners has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: KNOT Offshore Partners Stock Forecast, Price & News (NYSE:KNOP)

KNOT Offshore Partners is a leading dividend payer. It pays a dividend yield of 15.98%, putting its dividend yield in the top 25% of dividend-paying stocks. KNOT Offshore Partners has only been increasing its dividend for 1 years.

Insiders buying/selling: KNOT Offshore Partners Stock Forecast, Price & News (NYSE:KNOP)

In the past three months, KNOT Offshore Partners insiders have not sold or bought any company stock. Only 31.11% of the stock of KNOT Offshore Partners is held by institutions.

Earnings and Valuation of KNOT Offshore Partners Stock Forecast, Price & News (NYSE:KNOP

The P/E ratio of KNOT Offshore Partners is 10.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.25. The P/E ratio of KNOT Offshore Partners is 10.41, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 19.01. KNOT Offshore Partners has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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