KNOT Offshore Partners LP (NYSE:KNOP - Free Report) - B. Riley boosted their FY2025 earnings per share (EPS) estimates for KNOT Offshore Partners in a report issued on Thursday, December 5th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings of $0.53 per share for the year, up from their prior 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.
Check Out Our Latest Stock Report on KNOT Offshore Partners
KNOT Offshore Partners Price Performance
KNOP remained flat at $5.70 during trading on Monday. 147,027 shares of the company's stock were exchanged, compared to its average volume of 88,501. The company has a market cap of $195.51 million, a P/E ratio of -13.44 and a beta of 0.74. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42. The firm has a fifty day moving average of $6.21 and a 200 day moving average of $6.83. KNOT Offshore Partners has a 1 year low of $4.94 and a 1 year high of $9.11.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in KNOT Offshore Partners by 3.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company's stock worth $11,498,000 after acquiring an additional 41,100 shares during the last quarter. Marshall Wace LLP boosted its position in shares of KNOT Offshore Partners by 297.5% during the second quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company's stock worth $1,023,000 after purchasing an additional 87,283 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of KNOT Offshore Partners in the 2nd quarter valued at $229,000. Institutional investors and hedge funds own 26.82% of the company's stock.
KNOT Offshore Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were issued a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, October 28th. KNOT Offshore Partners's dividend payout ratio is currently -23.26%.
About KNOT Offshore Partners
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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.
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