KNOT Offshore Partners (KNOP) Scheduled to Post Earnings on Thursday

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

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

Shares of NYSE:KNOP opened at $5.76 on Tuesday. The firm has a fifty day simple moving average of $6.30 and a two-hundred day simple moving average of $6.82. KNOT Offshore Partners has a 52 week low of $4.94 and a 52 week high of $9.11. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $197.57 million, a P/E ratio of 115.20 and a beta of 0.76.

KNOT Offshore Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were issued a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Monday, October 28th. KNOT Offshore Partners’s payout ratio is 200.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report 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.