KNOT Offshore Partners (KNOP) Posts Earnings Results, Misses Expectations By $0.35 EPS

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KNOT Offshore Partners (NYSE:KNOP) issued its quarterly earnings results on Wednesday. The shipping company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.35), Fidelity Earnings reports. KNOT Offshore Partners had a return on equity of 14.16% and a net margin of 34.05%. The firm had revenue of $70.93 million for the quarter, compared to the consensus estimate of $70.14 million.

Shares of KNOP stock traded down $0.01 on Friday, hitting $19.09. The stock had a trading volume of 67,950 shares, compared to its average volume of 122,387. KNOT Offshore Partners has a 12-month low of $17.18 and a 12-month high of $22.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.51 and a quick ratio of 0.50. The company has a market cap of $624.78 million, a P/E ratio of 8.45 and a beta of 0.57.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Friday, February 1st were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $2.08 annualized dividend and a dividend yield of 10.90%. KNOT Offshore Partners’s dividend payout ratio is currently 92.04%.

A number of brokerages have recently weighed in on KNOP. Zacks Investment Research raised shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, December 4th. ValuEngine upgraded shares of KNOT Offshore Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 15th.

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About KNOT Offshore Partners

KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company loading, transportation and storage of their crude oil services under time charters and bareboat charters. As of April 25, 2018, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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Earnings History for KNOT Offshore Partners (NYSE:KNOP)

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