KNOT Offshore Partners (NYSE:KNOP) is scheduled to release its earnings data before the market opens on Friday, May 24th. Analysts expect KNOT Offshore Partners to post earnings of $0.68 per share for the quarter.
KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings data on Wednesday, March 13th. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.35). The business had revenue of $70.93 million for the quarter, compared to analyst estimates of $70.14 million. KNOT Offshore Partners had a return on equity of 12.64% and a net margin of 29.40%.
KNOT Offshore Partners stock opened at $19.60 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.41 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $646.20 million, a price-to-earnings ratio of 7.81 and a beta of 0.60. KNOT Offshore Partners has a 12 month low of $17.18 and a 12 month high of $22.75.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd were issued a $0.52 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $2.08 annualized dividend and a yield of 10.61%. KNOT Offshore Partners’s dividend payout ratio (DPR) is 82.87%.
Several equities analysts have commented on KNOP shares. ValuEngine cut KNOT Offshore Partners from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. TheStreet raised KNOT Offshore Partners from a “c” rating to a “b-” rating in a report on Thursday, March 14th. Zacks Investment Research cut KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Barclays reaffirmed a “hold” rating and issued a $20.00 price target on shares of KNOT Offshore Partners in a report on Monday, March 18th.
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About KNOT Offshore Partners
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company loading, transportation and storage of their crude oil services under time charters and bareboat charters. As of April 25, 2018, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.
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