KNOT Offshore Partners (KNOP) Set to Announce Quarterly Earnings on Thursday

KNOT Offshore Partners (NYSE:KNOP) will be announcing its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings results on Tuesday, September 3rd. The shipping company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.25). The firm had revenue of $74.42 million during the quarter, compared to analysts’ expectations of $69.84 million. KNOT Offshore Partners had a net margin of 0.66% and a return on equity of 2.84%. During the same quarter in the prior year, the business earned $0.27 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 Up 2.3 %

KNOT Offshore Partners stock opened at $5.89 on Wednesday. The stock has a market cap of $202.01 million, a PE ratio of 117.80 and a beta of 0.74. The stock has a 50-day moving average price of $6.28 and a 200 day moving average price of $6.83. KNOT Offshore Partners has a 52 week low of $4.94 and a 52 week high of $9.11. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 1.57.

KNOT Offshore Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were given a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Monday, October 28th. KNOT Offshore Partners’s dividend payout ratio is presently 200.00%.

Analyst Ratings Changes

Separately, StockNews.com cut KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

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.