B. Riley Has Optimistic Outlook of KNOP FY2025 Earnings

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

Several other equities analysts have also issued reports on KNOP. Fearnley Fonds raised KNOT Offshore Partners to a "strong-buy" rating in a research note on Tuesday, April 1st. Wall Street Zen lowered KNOT Offshore Partners from a "buy" rating to a "hold" rating in a research note on Saturday.

KNOT Offshore Partners Trading Up 0.2%

KNOP traded up $0.01 during trading on Monday, hitting $6.31. The company's stock had a trading volume of 50,232 shares, compared to its average volume of 90,655. KNOT Offshore Partners has a twelve month low of $5.28 and a twelve month high of $9.11. 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 stock's fifty day moving average price is $6.53 and its 200-day moving average price is $6.01. The firm has a market capitalization of $216.41 million, a P/E ratio of -14.67 and a beta of -0.08.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $79.74 million.

KNOT Offshore Partners Announces Dividend

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

Hedge Funds Weigh In On KNOT Offshore Partners

Institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of KNOT Offshore Partners during the first quarter worth approximately $63,000. Sowell Financial Services LLC acquired a new position in shares of KNOT Offshore Partners during the first quarter worth approximately $82,000. EWA LLC acquired a new position in shares of KNOT Offshore Partners during the first quarter worth approximately $85,000. Cubist Systematic Strategies LLC raised its position in shares of KNOT Offshore Partners by 15.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company's stock worth $74,000 after purchasing an additional 1,865 shares during the period. Finally, Transce3nd LLC purchased a new stake in KNOT Offshore Partners in the 4th quarter valued at $77,000. 26.82% of the stock is owned by institutional investors and hedge funds.

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.