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
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
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.
- Get a free copy of the StockNews.com research report on KNOT Offshore Partners (KNOP)
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