Equities Analysts Set Expectations for KNOP FY2025 Earnings

KNOT Offshore Partners LP (NYSE:KNOP - Free Report) - B. Riley boosted their FY2025 earnings estimates for shares of KNOT Offshore Partners in a research report issued to clients and investors on Wednesday, May 21st. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of $0.71 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.

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

A number of other equities research analysts also recently commented on KNOP. Fearnley Fonds upgraded KNOT Offshore Partners to a "strong-buy" rating in a research report on Tuesday, April 1st. Wall Street Zen lowered shares of KNOT Offshore Partners from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.

KNOT Offshore Partners Price Performance

KNOP traded up $0.04 on Monday, hitting $6.33. 2,383 shares of the company's stock traded hands, compared to its average volume of 90,183. The firm has a market cap of $217.07 million, a price-to-earnings ratio of -14.71 and a beta of -0.08. 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 has a one year low of $5.28 and a one year high of $9.11. The company's 50 day simple moving average is $6.53 and its 200-day simple moving average is $6.01.

KNOT Offshore Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders 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 yield of 1.64%. The ex-dividend date of this dividend was Monday, April 28th. KNOT Offshore Partners's dividend payout ratio (DPR) is 24.39%.

Institutional Trading of KNOT Offshore Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of KNOT Offshore Partners during the 4th quarter worth approximately $135,000. JPMorgan Chase & Co. raised its stake in shares of KNOT Offshore Partners by 31.9% during the 4th 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 last quarter. 683 Capital Management LLC boosted its position in KNOT Offshore Partners by 2.5% in the 4th quarter. 683 Capital Management LLC now owns 1,610,000 shares of the shipping company's stock worth $8,774,000 after purchasing an additional 39,800 shares in the last quarter. Trexquant Investment LP boosted its holdings in KNOT Offshore Partners by 170.4% during the fourth quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company's stock worth $207,000 after buying an additional 23,907 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of KNOT Offshore Partners by 15.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company's stock worth $74,000 after acquiring an additional 1,865 shares in the last quarter. Institutional investors own 26.82% of the company's stock.

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.