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

KNOT Offshore Partners (NYSE:KNOP) is scheduled to post its quarterly earnings results before the market opens on Thursday, December 5th. Analysts expect KNOT Offshore Partners to post earnings of ($0.04) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

KNOT Offshore Partners (NYSE:KNOP) last issued its quarterly earnings data on Tuesday, September 3rd. The shipping company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.25). The firm had revenue of $74.42 million for 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 period in the prior year, the firm posted $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 Stock Performance

KNOT Offshore Partners stock opened at $5.96 on Thursday. The firm’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $6.81. 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 has a 1-year low of $4.94 and a 1-year high of $9.11. The firm has a market capitalization of $204.43 million, a PE ratio of 119.00 and a beta of 0.76.

KNOT Offshore Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were given a $0.026 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.74%. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analyst Weigh In

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

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.