What is B. Riley’s Forecast for KNOP FY2025 Earnings?

KNOT Offshore Partners LP (NYSE:KNOP) – Equities researchers at B. Riley increased their FY2025 EPS estimates for KNOT Offshore Partners in a report issued on Thursday, December 5th. B. Riley analyst L. Burke now expects that the shipping company will post earnings of $0.53 per share for the year, up from their prior estimate of $0.50. The consensus estimate for KNOT Offshore Partners’ current full-year earnings is $0.13 per share.

Separately, StockNews.com upgraded shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

KNOT Offshore Partners Price Performance

KNOP stock opened at $5.72 on Monday. The firm’s 50-day moving average price is $6.17 and its two-hundred day moving average price is $6.83. KNOT Offshore Partners has a 12-month low of $4.94 and a 12-month high of $9.11. The stock has a market capitalization of $196.20 million, a price-to-earnings ratio of -13.30 and a beta of 0.74. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52.

KNOT Offshore Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, October 28th. KNOT Offshore Partners’s payout ratio is currently -23.26%.

Institutional Investors Weigh In On KNOT Offshore Partners

Several hedge funds have recently bought and sold shares of KNOP. Marshall Wace LLP lifted its stake in shares of KNOT Offshore Partners by 297.5% in the second quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company’s stock worth $1,023,000 after buying an additional 87,283 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of KNOT Offshore Partners in the second quarter worth approximately $229,000. Finally, Renaissance Technologies LLC lifted its stake in shares of KNOT Offshore Partners by 3.2% in the second quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company’s stock worth $11,498,000 after buying an additional 41,100 shares in the last quarter. Institutional investors own 26.82% of the company’s stock.

About KNOT Offshore Partners

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.