KNOT Offshore Partners (NYSE: KNOP) is one of 143 publicly-traded companies in the “TRANSPORTATION” industry, but how does it compare to its competitors? We will compare KNOT Offshore Partners to related businesses based on the strength of its dividends, earnings, risk, analyst recommendations, valuation, institutional ownership and profitability.
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||0.91%||6.89%||3.19%|
45.1% of KNOT Offshore Partners shares are owned by institutional investors. Comparatively, 62.9% of shares of all “TRANSPORTATION” companies are owned by institutional investors. 16.2% of shares of all “TRANSPORTATION” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Volatility and Risk
KNOT Offshore Partners has a beta of 0.69, suggesting that its share price is 31% less volatile than the S&P 500. Comparatively, KNOT Offshore Partners’ competitors have a beta of 1.18, suggesting that their average share price is 18% more volatile than the S&P 500.
This is a breakdown of recent ratings and price targets for KNOT Offshore Partners and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|KNOT Offshore Partners||0||0||0||0||N/A|
|KNOT Offshore Partners Competitors||1084||3962||4626||195||2.40|
As a group, “TRANSPORTATION” companies have a potential upside of 8.11%. Given KNOT Offshore Partners’ competitors 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 top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|KNOT Offshore Partners||$219.20 million||$68.06 million||8.96|
|KNOT Offshore Partners Competitors||$3.16 billion||$308.41 million||19.42|
KNOT Offshore Partners’ competitors have higher revenue and earnings than KNOT Offshore Partners. KNOT Offshore Partners is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
KNOT Offshore Partners pays an annual dividend of $2.08 per share and has a dividend yield of 10.3%. 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, “TRANSPORTATION” companies pay a dividend yield of 2.1% and pay out -1,027.7% of their earnings in the form of a dividend.
KNOT Offshore Partners competitors beat KNOT Offshore Partners on 8 of the 12 factors compared.
KNOT Offshore Partners Company Profile
KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte S.A. (Transpetro), Repsol Sinopec Brasil, S.A. (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A. (ENI). As of March 17, 2017, the Company had a fleet of 12 shuttle tankers. Its shuttle tankers include Fortaleza Knutsen, Recife Knutsen, Bodil Knutsen and Dan Cisne. KNOT Offshore Partners GP LLC is the general partner of the Partnership. It is engaged in the loading, transportation and storage of the crude oil using the vessels in its fleet. It provides all of these services under time charters and bareboat charters. As of December 31, 2016, eight of its shuttle tankers were chartered under time charters and four of its shuttle tankers were chartered under bareboat charters.
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