Research Analysts Issue Forecasts for KNOP FY2025 Earnings

KNOT Offshore Partners LP (NYSE:KNOP - Free Report) - Equities researchers at B. Riley increased their FY2025 EPS estimates for KNOT Offshore Partners in a research note issued on Wednesday, May 21st. B. Riley analyst L. Burke now anticipates that the shipping company will earn $0.71 per share for the year, up from their previous forecast of $0.49. The consensus estimate for KNOT Offshore Partners' current full-year earnings is $0.12 per share.

A number of other research firms have also recently commented on KNOP. Wall Street Zen cut shares of KNOT Offshore Partners from a "buy" rating to a "hold" rating in a report on Saturday. Fearnley Fonds upgraded KNOT Offshore Partners to a "strong-buy" rating in a research note on Tuesday, April 1st.

KNOT Offshore Partners Price Performance

NYSE KNOP remained flat at $6.30 during trading hours on Monday. 55,223 shares of the company were exchanged, compared to its average volume of 90,817. KNOT Offshore Partners has a 1-year low of $5.28 and a 1-year high of $9.11. The firm has a 50-day simple moving average of $6.53 and a 200 day simple moving average of $6.01. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. The company has a market cap of $216.07 million, a PE ratio of -14.65 and a beta of -0.08.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last announced its earnings results on Tuesday, May 20th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. The firm had revenue of $84.03 million during the quarter, compared to analyst estimates of $79.74 million.

KNOT Offshore Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, April 28th were paid a dividend of $0.026 per share. The ex-dividend date was Monday, April 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.65%. KNOT Offshore Partners's payout ratio is 24.39%.

Institutional Trading of KNOT Offshore Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 683 Capital Management LLC raised its stake in shares of KNOT Offshore Partners by 2.5% during the 4th quarter. 683 Capital Management LLC now owns 1,610,000 shares of the shipping company's stock valued at $8,774,000 after purchasing an additional 39,800 shares during the period. JPMorgan Chase & Co. increased its position in shares of KNOT Offshore Partners by 31.9% during the fourth quarter. JPMorgan Chase & Co. now owns 583,545 shares of the shipping company's stock valued at $3,180,000 after buying an additional 141,213 shares during the period. Two Sigma Advisers LP increased its holdings in KNOT Offshore Partners by 8.0% during the 4th quarter. Two Sigma Advisers LP now owns 300,800 shares of the shipping company's stock worth $1,639,000 after acquiring an additional 22,300 shares during the period. Marshall Wace LLP increased its holdings in KNOT Offshore Partners by 19.0% during the 4th quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company's stock worth $1,112,000 after acquiring an additional 32,616 shares during the period. Finally, Two Sigma Investments LP increased its holdings in KNOT Offshore Partners by 1.3% during the 4th quarter. Two Sigma Investments LP now owns 189,461 shares of the shipping company's stock worth $1,033,000 after acquiring an additional 2,418 shares during the period. 26.82% of the stock is currently owned by institutional investors.

KNOT Offshore Partners Company Profile

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.