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

KNOT Offshore Partners (NYSE:KNOP – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 26th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

KNOT Offshore Partners (NYSE:KNOP – Get Rating) last announced its quarterly earnings results on Tuesday, March 14th. The shipping company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $71.61 million during the quarter, compared to analysts’ expectations of $68.70 million. KNOT Offshore Partners had a return on equity of 10.07% and a net margin of 21.84%. On average, analysts expect KNOT Offshore Partners to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KNOT Offshore Partners Stock Up 4.1 %

Shares of KNOP stock opened at $4.80 on Friday. The stock has a market cap of $163.01 million, a P/E ratio of 2.77 and a beta of 0.82. KNOT Offshore Partners has a 52 week low of $4.28 and a 52 week high of $18.70. The company has a quick ratio of 0.21, a current ratio of 0.22 and a debt-to-equity ratio of 1.21. The company’s fifty day simple moving average is $5.01 and its two-hundred day simple moving average is $7.77.

KNOT Offshore Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 11th. Shareholders of record on Thursday, April 27th were paid a $0.026 dividend. This represents a $0.10 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, April 26th. KNOT Offshore Partners’s payout ratio is currently 5.78%.

Institutional Investors Weigh In On KNOT Offshore Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Credit Suisse AG acquired a new stake in shares of KNOT Offshore Partners in the second quarter worth $43,000. Bayesian Capital Management LP purchased a new position in shares of KNOT Offshore Partners in the first quarter worth about $85,000. UBS Group AG lifted its stake in shares of KNOT Offshore Partners by 847.7% in the third quarter. UBS Group AG now owns 6,899 shares of the shipping company’s stock worth $97,000 after buying an additional 6,171 shares in the last quarter. Arrow Investment Advisors LLC lifted its stake in shares of KNOT Offshore Partners by 77.0% in the first quarter. Arrow Investment Advisors LLC now owns 21,101 shares of the shipping company’s stock worth $113,000 after buying an additional 9,179 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of KNOT Offshore Partners in the fourth quarter worth about $163,000. Hedge funds and other institutional investors own 15.93% of the company’s stock.

Analyst Ratings Changes

KNOP has been the topic of several recent research reports. StockNews.com cut shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet cut shares of KNOT Offshore Partners from a “c-” rating to a “d+” rating in a research report on Monday, April 17th. Finally, Alliance Global Partners upgraded shares of KNOT Offshore Partners from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 1st.

KNOT Offshore Partners Company Profile

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KNOT Offshore Partners LP is engages in the operation and acquisition of shuttle tankers under long-term charters. Its fleet consists of sixteen shuttle tankers, which are vessels designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries.