KNOT Offshore Partners (NYSE:KNOP) released 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. KNOT Offshore Partners had a net margin of 34.05% and a return on equity of 14.16%. The firm had revenue of $70.93 million during the quarter, compared to analysts’ expectations of $70.14 million.
Shares of NYSE KNOP traded down $0.28 during trading on Friday, hitting $18.82. The company had a trading volume of 243,100 shares, compared to its average volume of 124,755. KNOT Offshore Partners has a fifty-two week low of $17.18 and a fifty-two week high of $22.75. The firm has a market cap of $624.78 million, a price-to-earnings ratio of 8.33 and a beta of 0.57. The company has a quick ratio of 0.50, a current ratio of 0.51 and a debt-to-equity ratio of 1.53.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Friday, February 1st were given a $0.52 dividend. The ex-dividend date was Thursday, January 31st. This represents a $2.08 annualized dividend and a dividend yield of 11.05%. KNOT Offshore Partners’s dividend payout ratio (DPR) is 92.04%.
A number of research firms have weighed in on KNOP. ValuEngine raised shares of KNOT Offshore Partners from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Zacks Investment Research lowered shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th.
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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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