KNOT Offshore Partners LP (NYSE:KNOP) is set to announce third quarter earning results on Thursday 19th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, KNOP to report 3Q20 income of $ 0.57 per share.
For the full year, analysts anticipate top line of $ 277.20 million, while looking forward to income of $ 1.65 per share bottom line.
Previous Quarter Performance
KNOT Offshore Partners LP recorded income for the second quarter of $ 0.66 per share, from the revenue of $ 70.26 million. The consensus estimates are income of $ 0.57 per share from $ 71.00 million in revenue. The bottom line results beat street analysts by $ 0.09 or 15.79 percent, at the same time, top line results fell short of analysts by $ 0.74 million or 1.04 percent.
Stock Performance
Shares of KNOT Offshore Partners LP traded low $ -0.19 or -1.41 percent on Wednesday, reaching $ 13.32 with volume of 110.30 thousand shares. KNOT Offshore Partners LP has traded high as $ 13.66 and has cracked $ 13.29 on the downward trend
According to the previous trading day, closing price of $ 13.32, representing a 55.82 % increase from the 52 week low of $ 8.67 and a 35.57 % decrease over the 52 week high of $ 20.97.
The company has a market capital of $ 435.49 million and is part of the Industrials sector and Shipping & Ports industry.
Conference Call
KNOT Offshore Partners LP will be hosting a conference call at 11:00 AM eastern time on 19th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-855-209-8259 U.S. or 1-412-542-4105 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.knotoffshorepartners.com
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.
