Streetbeat News

KNOP

KNOT Offshore Partners LP

https://www.knotoffshorepartners.com

Industry

Marine Shipping

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

Open

6.01

Mkt cap

207M

Volume

73K

High

6.14

P/E Ratio

-43.36

52-wk high

9.11

Low

6.01

Div yield

0.02

52-wk low

4.94

KNOT Offshore Partners (NYSE:KNOP) is expected to release its quarterly earnings report on Thursday, 2023-12-14, with analysts predicting an EPS of $-0.07. Investors are looking for an earnings beat and positive guidance for future growth. Historically, KNOT's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.31, resulting in a 6.18% stock price increase the following day. Over the past year, KNOP shares have declined by 42.54%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:00 pm

KNOT Offshore Partners (NYSE:KNOP) has announced a quarterly dividend of 2.6 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders who own KNOP as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 09, 2023.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:45 pm

Knot Offshore Partners LP has filed for a mixed shelf offering of up to $250 million.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 8:34 pm

KNOT Offshore Partners (NYSE:KNOP) reported Q2 earnings of $0.28 per share, beating the analyst consensus estimate of $(0.03) by 1033.33 percent. This is a 3.45 percent decrease from the same period last year. The company also reported quarterly sales of $73.82 million, beating the analyst consensus estimate of $71.31 million by 3.53 percent, a 15.42 percent increase from the same period last year.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:39 pm

KNOT Offshore Partners (NYSE:KNOP) reported Q2 sales of $73.80 million, beating the analyst consensus estimate of $71.31 million by 3.49 percent. This represents a 15.39 percent increase over the same period last year.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:32 pm

KNOT Offshore Partners (NYSE:KNOP) is set to release its latest quarterly earnings report on August 30, 2023. Analysts estimate an earnings per share (EPS) of $-0.03. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $5.0, down 68.77% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:01 pm

KNOT Offshore Partners (NYSE:KNOP) is distributing a dividend payout of $0.03 per share, demonstrating an annualized dividend yield of 1.88%. The company has maintained a consistent dividend per share of $2.08 from 2019 to 2022, and its earnings have increased from $1.34 per share to $2.24 per share over the same period. USD Partners (NYSE:USDP) has the highest annualized dividend yield among its peers at 64.58%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 3:05 pm

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 2:45 pm

Benzinga Insights has identified several value stocks in the industrials sector that may be worth watching, including Insteel Indus (IIIN), Eastman Kodak (KODK), Leonardo DRS (DRS), KNOT Offshore Partners (KNOP), and Danaos (DAC). These companies have low P/E multiples, indicating potential undervaluation. However, the risk with value stocks is that they may not rebound from their undervalued position.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:08 pm

Alliance Global Partners analyst Poe Fratt has upgraded KNOT Offshore Partners (NYSE:KNOP) from Neutral to Buy and announced an $8 price target.

Portfolio Pulse from richadhand@benzinga.com

May 30, 2023 | 11:41 am

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