KNOT Offshore Partners (NYSE:KNOP) Issues Earnings Results

KNOT Offshore Partners (NYSE:KNOP) released its quarterly earnings results on Wednesday. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.51, Zacks reports. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%.

KNOT Offshore Partners Stock Performance

Shares of NYSE KNOP traded up $0.04 during midday trading on Wednesday, reaching $5.60. The company’s stock had a trading volume of 74,728 shares, compared to its average volume of 86,872. KNOT Offshore Partners has a 12-month low of $4.94 and a 12-month high of $9.11. The firm has a 50 day moving average price of $5.66 and a 200-day moving average price of $6.02. The stock has a market capitalization of $191.89 million, a P/E ratio of -13.01 and a beta of 0.70. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42.

KNOT Offshore Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, January 27th were paid a $0.026 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.86%. KNOT Offshore Partners’s payout ratio is presently -23.26%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research note on Tuesday.

About KNOT Offshore Partners

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.