KNOT Offshore Partners (KNOP) to Release Earnings on Monday

KNOT Offshore Partners (NYSE:KNOP) will likely be issuing its quarterly earnings data before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $76.50 million for the quarter.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings results on Wednesday, December 4th. The shipping company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. During the same quarter in the previous year, the business earned $0.37 EPS. On average, analysts expect KNOT Offshore Partners to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KNOT Offshore Partners Trading Down 3.7 %

Shares of KNOP stock opened at $5.54 on Monday. The company has a market capitalization of $189.99 million, a PE ratio of -12.88 and a beta of 0.75. KNOT Offshore Partners has a 52-week low of $4.94 and a 52-week high of $9.11. The business’s fifty day moving average is $5.72 and its 200 day moving average is $6.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.44.

KNOT Offshore Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, January 27th were issued a $0.026 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.10 annualized dividend and a dividend yield of 1.88%. KNOT Offshore Partners’s payout ratio is currently -23.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.