Equities Analysts Set Expectations for KNOP FY2025 Earnings

KNOT Offshore Partners LP (NYSE:KNOP) – Stock analysts at B. Riley raised their FY2025 earnings per share (EPS) estimates for shares of KNOT Offshore Partners in a note issued to 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 prior 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) last announced its quarterly earnings results on Tuesday, May 20th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. The business had revenue of $84.03 million for the quarter, compared to the consensus estimate of $79.74 million. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%.

KNOP has been the topic of several other research reports. Wall Street Zen downgraded KNOT Offshore Partners from a “buy” rating to a “hold” rating in a report on Saturday. Fearnley Fonds raised KNOT Offshore Partners to a “strong-buy” rating in a report on Tuesday, April 1st.

KNOT Offshore Partners Trading Down 3.1%

Shares of NYSE KNOP opened at $6.28 on Monday. The company has a market cap of $215.32 million, a price-to-earnings ratio of -14.60 and a beta of -0.08. KNOT Offshore Partners has a 12-month low of $5.28 and a 12-month high of $9.11. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The stock’s 50 day simple moving average is $6.51 and its 200 day simple moving average is $6.01.

Institutional Trading of KNOT Offshore Partners

Several large investors have recently added to or reduced their stakes in KNOP. JPMorgan Chase & Co. increased its position in KNOT Offshore Partners by 31.9% in the 4th quarter. JPMorgan Chase & Co. now owns 583,545 shares of the shipping company’s stock valued at $3,180,000 after acquiring an additional 141,213 shares during the period. Millennium Management LLC increased its position in KNOT Offshore Partners by 123.5% in the 4th quarter. Millennium Management LLC now owns 141,503 shares of the shipping company’s stock valued at $771,000 after acquiring an additional 78,194 shares during the period. 683 Capital Management LLC increased 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 valued at $8,774,000 after acquiring an additional 39,800 shares during the period. Jane Street Group LLC acquired a new stake in KNOT Offshore Partners in the 4th quarter valued at approximately $184,000. Finally, Marshall Wace LLP increased its position in KNOT Offshore Partners by 19.0% in the 4th quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company’s stock valued at $1,112,000 after acquiring an additional 32,616 shares during the period. 26.82% of the stock is currently owned by institutional investors and hedge funds.

KNOT Offshore Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, April 28th were given a $0.026 dividend. This represents a $0.10 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Monday, April 28th. KNOT Offshore Partners’s dividend payout ratio is currently 24.39%.

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.