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

KNOT Offshore Partners (NYSE:KNOP) posted its quarterly earnings data on Wednesday. The shipping company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.51, Zacks reports. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%.

KNOT Offshore Partners Stock Up 0.6 %

KNOT Offshore Partners stock traded up $0.04 during midday trading on Wednesday, reaching $5.60. The stock had a trading volume of 74,728 shares, compared to its average volume of 86,872. KNOT Offshore Partners has a 12 month low of $4.94 and a 12 month high of $9.11. The company has a market capitalization of $191.89 million, a P/E ratio of -13.01 and a beta of 0.70. The company has a fifty day moving average price of $5.66 and a two-hundred day moving average price of $6.02. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52.

KNOT Offshore Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were given a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners’s payout ratio is -23.26%.

Wall Street Analyst Weigh In

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

About KNOT Offshore Partners

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.