KNOT Offshore Partners LP (NYSE:KNOP) to Release Earnings on Thursday
KNOT Offshore Partners LP (NYSE:KNOP) will be releasing its earnings data before the market opens on Thursday, August 10th. Analysts expect KNOT Offshore Partners to post earnings of $0.51 per share for the quarter.
Shares of KNOT Offshore Partners LP (NYSE KNOP) opened at 22.65 on Wednesday. The stock has a market capitalization of $679.57 million, a P/E ratio of 10.37 and a beta of 0.78. The firm’s 50-day moving average price is $22.97 and its 200 day moving average price is $22.57. KNOT Offshore Partners LP has a 12-month low of $18.23 and a 12-month high of $24.67.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Wednesday, August 2nd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, July 31st. This represents a $2.08 annualized dividend and a yield of 9.18%. KNOT Offshore Partners’s dividend payout ratio (DPR) is 89.27%.
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Several equities analysts have commented on the company. Zacks Investment Research cut KNOT Offshore Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet cut 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. The company presently has a consensus rating of “Hold” and a consensus price target of $22.33.
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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