KNOT Offshore Partners (NYSE:KNOP - Get Free Report) announced its earnings results on Wednesday. The shipping company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.51, Zacks reports. KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. The business had revenue of $91.26 million for the quarter, compared to analyst estimates of $76.50 million.
KNOT Offshore Partners Stock Performance
KNOT Offshore Partners stock traded down $0.17 on Friday, hitting $6.15. The company's stock had a trading volume of 113,342 shares, compared to its average volume of 88,302. The firm has a market cap of $210.96 million, a P/E ratio of -14.30 and a beta of 0.70. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. The company has a fifty day moving average price of $5.65 and a 200-day moving average price of $6.00. KNOT Offshore Partners has a one year low of $4.94 and a one year high of $9.11.
KNOT Offshore Partners Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were given a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners's dividend payout ratio (DPR) is currently 24.39%.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of KNOT Offshore Partners from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th.
Check Out Our Latest Report on KNOT Offshore Partners
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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