KNOT Offshore Partners (NYSE:KNOP – Get Free Report) posted its quarterly earnings data on Wednesday. The shipping company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.51, Zacks reports. The company had revenue of $91.26 million during the quarter, compared to analysts’ expectations of $76.50 million. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%.
KNOT Offshore Partners Stock Performance
KNOT Offshore Partners stock traded up $0.66 during mid-day trading on Thursday, reaching $6.29. 231,711 shares of the stock traded hands, compared to its average volume of 64,749. The stock has a market capitalization of $215.80 million, a PE ratio of -14.63 and a beta of 0.70. 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 has a 12-month low of $4.94 and a 12-month high of $9.11. The business’s 50-day moving average is $5.65 and its 200-day moving average is $6.02.
KNOT Offshore Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were given a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, January 27th. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently -23.26%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on KNOT Offshore Partners
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.
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