KNOT Offshore Partners (KNOP) Set to Announce Quarterly Earnings on Wednesday

KNOT Offshore Partners (NYSE:KNOPGet Rating) will release its earnings data before the market opens on Wednesday, November 30th. Analysts expect KNOT Offshore Partners to post earnings of $0.18 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

KNOT Offshore Partners (NYSE:KNOPGet Rating) last announced its quarterly earnings data on Wednesday, August 24th. The shipping company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $63.96 million for the quarter, compared to the consensus estimate of $64.68 million. KNOT Offshore Partners had a net margin of 27.38% and a return on equity of 12.19%. On average, analysts expect KNOT Offshore Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

KNOT Offshore Partners Trading Down 1.8 %

KNOT Offshore Partners stock opened at $13.99 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 1.52. The firm has a 50-day moving average price of $14.77 and a two-hundred day moving average price of $16.16. The firm has a market capitalization of $475.11 million, a price-to-earnings ratio of 6.48 and a beta of 1.04. KNOT Offshore Partners has a 52-week low of $12.34 and a 52-week high of $18.85.

KNOT Offshore Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Thursday, October 27th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 14.87%. The ex-dividend date was Wednesday, October 26th. KNOT Offshore Partners’s dividend payout ratio is currently 96.30%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of KNOT Offshore Partners in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

Hedge Funds Weigh In On KNOT Offshore Partners

A number of hedge funds have recently made changes to their positions in KNOP. LPL Financial LLC boosted its stake in KNOT Offshore Partners by 15.7% during the 2nd quarter. LPL Financial LLC now owns 32,244 shares of the shipping company’s stock worth $528,000 after acquiring an additional 4,374 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in KNOT Offshore Partners during the third quarter worth $182,000. B. Riley Wealth Advisors Inc. boosted its position in KNOT Offshore Partners by 17.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,810 shares of the shipping company’s stock worth $166,000 after purchasing an additional 1,730 shares during the period. UBS Group AG boosted its position in KNOT Offshore Partners by 847.7% during the third quarter. UBS Group AG now owns 6,899 shares of the shipping company’s stock worth $97,000 after purchasing an additional 6,171 shares during the period. Finally, Credit Suisse AG bought a new stake in shares of KNOT Offshore Partners in the second quarter valued at about $43,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

About KNOT Offshore Partners

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KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers.

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Earnings History for KNOT Offshore Partners (NYSE:KNOP)

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