KNOT Offshore Partners (NYSE:KNOP) posted its quarterly earnings data on Wednesday. The shipping company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.35), Fidelity Earnings reports. The firm had revenue of $70.93 million during the quarter, compared to analyst estimates of $70.14 million. KNOT Offshore Partners had a net margin of 34.05% and a return on equity of 14.16%.
Shares of NYSE:KNOP traded down $0.08 during trading on Friday, reaching $19.02. The stock had a trading volume of 1,293 shares, compared to its average volume of 122,387. 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 firm has a market cap of $624.78 million, a PE ratio of 8.46 and a beta of 0.57. KNOT Offshore Partners has a fifty-two week low of $17.18 and a fifty-two week high of $22.75.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Friday, February 1st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 10.94%. The ex-dividend date was Thursday, January 31st. KNOT Offshore Partners’s dividend payout ratio is presently 92.04%.
A number of equities analysts have recently weighed in on KNOP shares. Zacks Investment Research raised shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, December 4th. ValuEngine lowered shares of KNOT Offshore Partners from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th.
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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