B. Riley Analysts Increase Earnings Estimates for KNOP

KNOT Offshore Partners LP (NYSE:KNOP) – Investment analysts at B. Riley lifted their FY2025 earnings per share (EPS) estimates for shares of KNOT Offshore Partners in a report released on Thursday, December 5th. B. Riley analyst L. Burke now anticipates that the shipping company will post earnings per share of $0.53 for the year, up from their previous estimate of $0.50. The consensus estimate for KNOT Offshore Partners’ current full-year earnings is $0.13 per share.

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

KNOT Offshore Partners Stock Performance

Shares of KNOP stock opened at $5.70 on Monday. 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 cap of $195.49 million, a PE ratio of -13.26 and a beta of 0.74. The business has a 50-day simple moving average of $6.21 and a 200-day simple moving average of $6.83.

Institutional Investors Weigh In On KNOT Offshore Partners

Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in KNOT Offshore Partners in the 2nd quarter valued at $229,000. Marshall Wace LLP lifted its holdings in KNOT Offshore Partners by 297.5% during the second quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company’s stock valued at $1,023,000 after purchasing an additional 87,283 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of KNOT Offshore Partners by 3.2% in the second quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company’s stock valued at $11,498,000 after purchasing an additional 41,100 shares during the period. 26.82% of the stock is currently owned by institutional investors and hedge funds.

KNOT Offshore Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were given a dividend of $0.026 per share. The ex-dividend date was Monday, October 28th. This represents a $0.10 annualized dividend and a yield of 1.82%. KNOT Offshore Partners’s dividend payout ratio is presently -23.26%.

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.