KNOT Offshore Partners (NYSE: KNOP) is one of 16 publicly-traded companies in the “Sea-Borne Tankers” industry, but how does it compare to its competitors? We will compare KNOT Offshore Partners to related businesses based on the strength of its risk, earnings, dividends, analyst recommendations, institutional ownership, valuation and profitability.
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||127||253||391||13||2.37|
KNOT Offshore Partners pays an annual dividend of $2.08 per share and has a dividend yield of 10.4%. 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, “Sea-Borne Tankers” companies pay a dividend yield of 7.8% and pay out 409.2% of their earnings in the form of a dividend. KNOT Offshore Partners is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Institutional & Insider Ownership
45.1% of KNOT Offshore Partners shares are owned by institutional investors. Comparatively, 52.2% of shares of all “Sea-Borne Tankers” companies are owned by institutional investors. 8.8% of shares of all “Sea-Borne Tankers” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
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||-12.05%||-0.78%||-0.57%|
Earnings and Valuation
This table compares KNOT Offshore Partners and its competitors revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|KNOT Offshore Partners||$219.20 million||$68.06 million||8.87|
|KNOT Offshore Partners Competitors||$422.37 million||-$32.58 million||20.37|
KNOT Offshore Partners’ competitors have higher revenue, but lower 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.
Risk and Volatility
KNOT Offshore Partners has a beta of 0.69, meaning that its stock price is 31% less volatile than the S&P 500. Comparatively, KNOT Offshore Partners’ competitors have a beta of 0.83, meaning that their average stock price is 17% less volatile than the S&P 500.
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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