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Should Value Investors Buy KNOT Offshore Partners (KNOP) Stock?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is KNOT Offshore Partners (KNOP - Free Report) . KNOP is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. KNOP has a P/S ratio of 0.68. This compares to its industry's average P/S of 1.26.
Finally, investors should note that KNOP has a P/CF ratio of 1.75. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. KNOP's current P/CF looks attractive when compared to its industry's average P/CF of 4.62. Within the past 12 months, KNOP's P/CF has been as high as 3.44 and as low as 1.43, with a median of 2.
These are only a few of the key metrics included in KNOT Offshore Partners's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, KNOP looks like an impressive value stock at the moment.
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Should Value Investors Buy KNOT Offshore Partners (KNOP) Stock?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is KNOT Offshore Partners (KNOP - Free Report) . KNOP is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. KNOP has a P/S ratio of 0.68. This compares to its industry's average P/S of 1.26.
Finally, investors should note that KNOP has a P/CF ratio of 1.75. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. KNOP's current P/CF looks attractive when compared to its industry's average P/CF of 4.62. Within the past 12 months, KNOP's P/CF has been as high as 3.44 and as low as 1.43, with a median of 2.
These are only a few of the key metrics included in KNOT Offshore Partners's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, KNOP looks like an impressive value stock at the moment.