KNOT Offshore Partners (NYSE:KNOP) Releases Quarterly Earnings Results, Beats Expectations By $0.51 EPS

KNOT Offshore Partners (NYSE:KNOP) posted its 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. The business had revenue of $91.26 million for the quarter, compared to analyst estimates of $76.50 million. KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%.

KNOT Offshore Partners Trading Up 11.8 %

Shares of KNOP stock opened at $6.29 on Friday. The firm has a market capitalization of $215.80 million, a P/E ratio of -14.63 and a beta of 0.70. KNOT Offshore Partners has a 1 year low of $4.94 and a 1 year high of $9.11. The firm’s fifty day simple moving average is $5.65 and its 200 day simple moving average is $6.02. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52.

KNOT Offshore Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, January 27th were given a $0.026 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.10 annualized dividend and a dividend yield of 1.65%. KNOT Offshore Partners’s dividend payout ratio is -23.26%.

Analysts Set New Price Targets

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

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.