Equities research analysts expect KNOT Offshore Partners LP (NYSE:KNOP) to report sales of $58.69 million for the current quarter, Zacks reports. Two analysts have issued estimates for KNOT Offshore Partners’ earnings, with estimates ranging from $57.60 million to $59.79 million. KNOT Offshore Partners posted sales of $45.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 30.4%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, February 21st.

On average, analysts expect that KNOT Offshore Partners will report full year sales of $58.69 million for the current fiscal year, with estimates ranging from $215.20 million to $217.40 million. For the next year, analysts forecast that the company will post sales of $255.50 million per share, with estimates ranging from $250.00 million to $261.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow KNOT Offshore Partners.

KNOT Offshore Partners (NYSE:KNOP) last released its earnings results on Friday, November 3rd. The shipping company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.09. KNOT Offshore Partners had a return on equity of 11.18% and a net margin of 34.02%.

A number of research firms recently commented on KNOP. ValuEngine downgraded KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research raised KNOT Offshore Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, BidaskClub raised KNOT Offshore Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th.

Shares of KNOT Offshore Partners (NYSE:KNOP) opened at $21.70 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 1.63. KNOT Offshore Partners has a twelve month low of $19.15 and a twelve month high of $24.42. The company has a market capitalization of $721.59, a PE ratio of 9.12 and a beta of 0.70.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, February 2nd will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 9.59%. The ex-dividend date of this dividend is Thursday, February 1st. KNOT Offshore Partners’s dividend payout ratio is currently 87.39%.

Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership purchased a new position in KNOT Offshore Partners during the second quarter valued at approximately $381,000. Green Square Capital LLC raised its position in KNOT Offshore Partners by 1.8% during the second quarter. Green Square Capital LLC now owns 372,966 shares of the shipping company’s stock valued at $8,560,000 after acquiring an additional 6,554 shares in the last quarter. California Public Employees Retirement System increased its position in shares of KNOT Offshore Partners by 6.5% in the second quarter. California Public Employees Retirement System now owns 34,500 shares of the shipping company’s stock valued at $792,000 after buying an additional 2,100 shares in the last quarter. AJO LP increased its position in shares of KNOT Offshore Partners by 78.4% in the second quarter. AJO LP now owns 53,738 shares of the shipping company’s stock valued at $1,233,000 after buying an additional 23,608 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of KNOT Offshore Partners by 4.8% in the second quarter. Royal Bank of Canada now owns 8,775 shares of the shipping company’s stock valued at $201,000 after buying an additional 405 shares in the last quarter. Institutional investors own 43.83% of the company’s stock.

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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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