Wall Street analysts predict that KNOT Offshore Partners LP (NYSE:KNOP) will announce earnings of $0.51 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for KNOT Offshore Partners’ earnings, with estimates ranging from $0.51 to $0.52. KNOT Offshore Partners posted earnings per share of $0.60 during the same quarter last year, which would indicate a negative year-over-year growth rate of 15%. The company is scheduled to issue its next earnings results on Wednesday, August 9th.

On average, analysts expect that KNOT Offshore Partners will report full year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.04 to $2.11. For the next fiscal year, analysts expect that the company will report earnings of $2.14 per share, with EPS estimates ranging from $1.82 to $2.46. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover KNOT Offshore Partners.

A number of research analysts recently weighed in on KNOP shares. TheStreet downgraded shares of KNOT Offshore Partners from a “b-” rating to a “c” rating in a research report on Wednesday, April 19th. Zacks Investment Research downgraded shares of KNOT Offshore Partners from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th.

A number of hedge funds and other institutional investors have recently modified their holdings of KNOP. Renaissance Technologies LLC increased its position in shares of KNOT Offshore Partners by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 88,056 shares of the shipping company’s stock worth $2,078,000 after buying an additional 9,356 shares during the period. Guggenheim Capital LLC increased its position in KNOT Offshore Partners by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 82,827 shares of the shipping company’s stock valued at $1,955,000 after buying an additional 6,085 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in KNOT Offshore Partners by 2.9% in the first quarter. Duff & Phelps Investment Management Co. now owns 769,723 shares of the shipping company’s stock valued at $17,935,000 after buying an additional 21,800 shares during the last quarter. Naples Global Advisors LLC acquired a new position in KNOT Offshore Partners during the first quarter valued at $228,000. Finally, Wells Fargo & Company MN increased its position in KNOT Offshore Partners by 5.4% in the first quarter. Wells Fargo & Company MN now owns 25,845 shares of the shipping company’s stock valued at $603,000 after buying an additional 1,320 shares during the last quarter. Institutional investors own 49.30% of the company’s stock.

Shares of KNOT Offshore Partners (NYSE KNOP) traded down 0.43% during midday trading on Thursday, hitting $22.95. 22,882 shares of the stock traded hands. The company’s 50-day moving average is $22.48 and its 200 day moving average is $22.50. The firm has a market capitalization of $688.57 million, a PE ratio of 10.50 and a beta of 0.78. KNOT Offshore Partners has a 52 week low of $18.00 and a 52 week high of $24.67.

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KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte SA (Transpetro), Repsol Sinopec Brasil, SA (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A.

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