Wall Street analysts forecast that KNOT Offshore Partners LP (NYSE:KNOP) will post sales of $70.31 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for KNOT Offshore Partners’ earnings, with the lowest sales estimate coming in at $70.10 million and the highest estimate coming in at $70.52 million. KNOT Offshore Partners posted sales of $69.77 million during the same quarter last year, which suggests a positive year over year growth rate of 0.8%. The firm is scheduled to report its next earnings report on Tuesday, September 3rd.
On average, analysts expect that KNOT Offshore Partners will report full-year sales of $282.79 million for the current year, with estimates ranging from $282.10 million to $283.47 million. For the next financial year, analysts anticipate that the firm will post sales of $281.58 million, with estimates ranging from $281.45 million to $281.70 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for KNOT Offshore Partners.
KNOT Offshore Partners (NYSE:KNOP) last announced its earnings results on Thursday, May 23rd. The shipping company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.29). The company had revenue of $70.55 million for the quarter, compared to analysts’ expectations of $69.84 million. KNOT Offshore Partners had a net margin of 22.81% and a return on equity of 9.95%.
Several large investors have recently made changes to their positions in the stock. Taylor Frigon Capital Management LLC raised its holdings in shares of KNOT Offshore Partners by 1.7% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 39,370 shares of the shipping company’s stock valued at $706,000 after buying an additional 644 shares during the period. AllSquare Wealth Management LLC raised its holdings in shares of KNOT Offshore Partners by 25.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,000 shares of the shipping company’s stock valued at $95,000 after buying an additional 1,000 shares during the period. Naples Global Advisors LLC raised its holdings in shares of KNOT Offshore Partners by 3.5% during the 1st quarter. Naples Global Advisors LLC now owns 34,380 shares of the shipping company’s stock valued at $653,000 after buying an additional 1,175 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in KNOT Offshore Partners during the 4th quarter worth approximately $36,000. Finally, Ballentine Partners LLC increased its holdings in KNOT Offshore Partners by 8.3% during the 1st quarter. Ballentine Partners LLC now owns 28,598 shares of the shipping company’s stock worth $543,000 after purchasing an additional 2,180 shares during the last quarter. Institutional investors and hedge funds own 34.83% of the company’s stock.
Shares of NYSE:KNOP remained flat at $$19.04 during mid-day trading on Friday. The company had a trading volume of 57,138 shares, compared to its average volume of 66,569. The stock has a market cap of $622.50 million, a P/E ratio of 7.59 and a beta of 0.60. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.50. KNOT Offshore Partners has a 1-year low of $17.18 and a 1-year high of $22.75.
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 provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of April 10, 2019, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.
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