Equities analysts predict that KNOT Offshore Partners LP (NYSE:KNOP) will announce $0.51 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for KNOT Offshore Partners’ earnings, with estimates ranging from $0.51 to $0.52. KNOT Offshore Partners posted earnings of $0.60 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 15%. The company is scheduled to announce its next earnings results before the market opens on Thursday, August 10th.

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

Several research firms recently weighed in on KNOP. Zacks Investment Research downgraded shares of KNOT Offshore Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet downgraded shares of KNOT Offshore Partners from a “b-” rating to a “c” rating in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. KNOT Offshore Partners has a consensus rating of “Hold” and a consensus price target of $22.33.

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Several institutional investors have recently bought and sold shares of the company. Global X Management Co. LLC acquired a new position in KNOT Offshore Partners during the second quarter valued at approximately $162,000. PNC Financial Services Group Inc. acquired a new position in KNOT Offshore Partners during the first quarter valued at approximately $215,000. KCG Holdings Inc. acquired a new position in KNOT Offshore Partners during the first quarter valued at approximately $223,000. Naples Global Advisors LLC acquired a new position in KNOT Offshore Partners during the first quarter valued at approximately $228,000. Finally, Ballentine Partners LLC acquired a new position in KNOT Offshore Partners during the second quarter valued at approximately $477,000. Institutional investors and hedge funds own 50.63% of the company’s stock.

Shares of KNOT Offshore Partners (NYSE KNOP) traded up 0.22% on Friday, reaching $22.65. The company had a trading volume of 35,111 shares. KNOT Offshore Partners has a 1-year low of $18.23 and a 1-year high of $24.67. The stock has a market capitalization of $679.57 million, a P/E ratio of 10.37 and a beta of 0.78. The company’s 50 day moving average price is $22.97 and its 200-day moving average price is $22.57.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Wednesday, August 2nd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, July 31st. This represents a $2.08 annualized dividend and a dividend yield of 9.18%. KNOT Offshore Partners’s dividend payout ratio (DPR) is 89.27%.

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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