Reviewing KNOT Offshore Partners (KNOP) and The Competition

KNOT Offshore Partners (NYSE: KNOP) is one of 24 publicly-traded companies in the “Water transportation” industry, but how does it weigh in compared to its competitors? We will compare KNOT Offshore Partners to related companies based on the strength of its risk, institutional ownership, dividends, valuation, profitability, analyst recommendations and earnings.

Profitability

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This table compares KNOT Offshore Partners and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
KNOT Offshore Partners 31.05% 10.92% 4.16%
KNOT Offshore Partners Competitors -0.68% 4.75% 1.80%

Institutional and Insider Ownership

45.1% of KNOT Offshore Partners shares are owned by institutional investors. Comparatively, 64.1% of shares of all “Water transportation” companies are owned by institutional investors. 6.1% of shares of all “Water transportation” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Dividends

KNOT Offshore Partners pays an annual dividend of $2.08 per share and has a dividend yield of 10.5%. KNOT Offshore Partners pays out 92.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Water transportation” companies pay a dividend yield of 4.1% and pay out 74.6% of their earnings in the form of a dividend.

Volatility & Risk

KNOT Offshore Partners has a beta of 0.68, meaning that its stock price is 32% less volatile than the S&P 500. Comparatively, KNOT Offshore Partners’ competitors have a beta of 1.16, meaning that their average stock price is 16% more volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings for KNOT Offshore Partners and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
KNOT Offshore Partners 0 1 0 0 2.00
KNOT Offshore Partners Competitors 239 766 1134 37 2.45

KNOT Offshore Partners currently has a consensus target price of $21.00, indicating a potential upside of 5.79%. As a group, “Water transportation” companies have a potential upside of 17.52%. Given KNOT Offshore Partners’ competitors stronger consensus rating and higher probable upside, analysts plainly believe KNOT Offshore Partners has less favorable growth aspects than its competitors.

Valuation & Earnings

This table compares KNOT Offshore Partners and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
KNOT Offshore Partners $219.20 million $68.06 million 8.78
KNOT Offshore Partners Competitors $2.48 billion $295.03 million -0.46

KNOT Offshore Partners’ competitors have higher revenue and earnings than KNOT Offshore Partners. KNOT Offshore Partners is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Summary

KNOT Offshore Partners competitors beat KNOT Offshore Partners on 10 of the 15 factors compared.

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 crude oil loading, transportation, and storage services under time charters and bareboat charters. As of June 30, 2017, it had a fleet of 13 shuttle tankers. KNOT Offshore Partners GP LLC serves as the general partner of the company. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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