KNOT Offshore Partners (NYSE:KNOP) released its earnings results on Wednesday. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.35), Fidelity Earnings reports. KNOT Offshore Partners had a net margin of 34.05% and a return on equity of 14.16%. The firm had revenue of $70.93 million during the quarter, compared to analyst estimates of $70.14 million.

KNOP traded down $0.02 during midday trading on Friday, hitting $19.08. 24,916 shares of the company were exchanged, compared to its average volume of 122,387. The company has a market capitalization of $629.03 million, a P/E ratio of 8.44 and a beta of 0.57. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.50 and a current ratio of 0.51. KNOT Offshore Partners has a 1-year low of $17.18 and a 1-year high of $22.75.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Friday, February 1st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 10.90%. The ex-dividend date was Thursday, January 31st. KNOT Offshore Partners’s dividend payout ratio is currently 92.04%.

Several research firms recently issued reports on KNOP. Zacks Investment Research raised KNOT Offshore Partners from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, December 4th. ValuEngine raised KNOT Offshore Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th.

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KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company loading, transportation and storage of their crude oil services under time charters and bareboat charters. As of April 25, 2018, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

Further Reading: Certificate of Deposit (CD)

Earnings History for KNOT Offshore Partners (NYSE:KNOP)

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