KNOT Offshore Partners (KNOP) to Release Earnings on Monday

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

KNOT Offshore Partners (NYSE:KNOP) last announced its earnings results on Wednesday, December 4th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. During the same period in the previous year, the firm earned $0.37 earnings per share. 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 2.3 %

Shares of NYSE:KNOP opened at $5.42 on Friday. The stock has a market capitalization of $185.91 million, a price-to-earnings ratio of -12.60 and a beta of 0.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.44. The stock’s 50-day simple moving average is $5.69 and its two-hundred day simple moving average is $6.21. KNOT Offshore Partners has a 52-week low of $4.94 and a 52-week high of $9.11.

KNOT Offshore Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders 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 yield of 1.92%. KNOT Offshore Partners’s payout ratio is -23.26%.

Analysts Set New Price Targets

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

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.