KNOT Offshore Partners (KNOP) Posts Quarterly Results
KNOT Offshore Partners (NASDAQ:KNOP) announced its earnings results on Thursday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.15, Analyst Ratings News reports.
Shares of KNOT Offshore Partners (NASDAQ:KNOP) opened at 25.93 on Thursday. KNOT Offshore Partners has a one year low of $22.71 and a one year high of $29.89. The stock’s 50-day moving average is $27.64 and its 200-day moving average is $27.67. The company has a market cap of $453.4 million and a price-to-earnings ratio of 16.09.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Monday, August 4th will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Thursday, July 31st.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of KNOT Offshore Partners in a research note on Tuesday, July 29th. They now have a $34.00 price target on the stock, up previously from $32.00. On a related note, analysts at Zacks upgraded shares of KNOT Offshore Partners from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $30.60 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of KNOT Offshore Partners from $32.00 to $33.00 in a research note on Monday, July 14th.
KNOT Offshore Partners LP is a limited partnership formed to own, operate and acquire shuttle tankers under long-term charters.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.