KNOT Offshore Partners (NYSE:KNOP) Issues Quarterly Earnings Results, Beats Estimates By $0.51 EPS

KNOT Offshore Partners (NYSE:KNOP) announced its earnings results on Wednesday. The shipping company reported $0.55 EPS for the quarter, topping the consensus estimate 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%.

KNOT Offshore Partners Stock Performance

NYSE KNOP traded up $0.04 on Wednesday, hitting $5.60. 75,728 shares of the stock were exchanged, compared to its average volume of 86,872. The company has a market capitalization of $191.89 million, a PE ratio of -13.01 and a beta of 0.70. The business’s fifty day moving average is $5.66 and its 200 day moving average is $6.02. KNOT Offshore Partners has a 52 week low of $4.94 and a 52 week high of $9.11. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42.

KNOT Offshore Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, January 27th were given a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners’s dividend payout ratio (DPR) is currently -23.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Tuesday.

KNOT Offshore Partners Company Profile

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.