KNOT Offshore Partners (NYSE:KNOP) released its earnings results on Tuesday. The shipping company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.39, Zacks reports. The company had revenue of $68.04 million during the quarter, compared to the consensus estimate of $68.51 million. KNOT Offshore Partners had a return on equity of 14.00% and a net margin of 36.06%.
Shares of KNOP stock opened at $21.05 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.46. KNOT Offshore Partners has a fifty-two week low of $19.15 and a fifty-two week high of $24.00. The company has a market capitalization of $681.67 million, a price-to-earnings ratio of 9.31 and a beta of 0.67.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Wednesday, May 2nd were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, May 1st. This represents a $2.08 annualized dividend and a yield of 9.88%. KNOT Offshore Partners’s payout ratio is currently 92.04%.
A number of analysts recently weighed in on the company. ValuEngine upgraded KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Zacks Investment Research upgraded KNOT Offshore Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 25th. TheStreet upgraded KNOT Offshore Partners from a “c” rating to a “b-” rating in a research report on Wednesday, February 21st. Finally, Citigroup dropped their target price on KNOT Offshore Partners from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.00.
KNOT Offshore Partners Company Profile
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. As of June 30, 2017, it had a fleet of 13 shuttle tankers. KNOT Offshore Partners GP LLC serves as the general partner of the company.
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