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Is KNOT Offshore Partners (KNOP) Stock Undervalued Right Now?
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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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
KNOT Offshore Partners (KNOP - Free Report) is a stock many investors are watching right now. KNOP is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Another valuation metric that we should highlight is KNOP's P/B ratio of 0.58. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.55. Over the past 12 months, KNOP's P/B has been as high as 0.58 and as low as 0.35, with a median of 0.42.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. KNOP has a P/S ratio of 1. This compares to its industry's average P/S of 1.43.
Finally, investors will want to recognize that KNOP has a P/CF ratio of 2.42. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. KNOP's P/CF compares to its industry's average P/CF of 6.96. Over the past year, KNOP's P/CF has been as high as 2.42 and as low as 1.43, with a median of 1.85.
Navigator Holdings (NVGS - Free Report) may be another strong Transportation - Shipping stock to add to your shortlist. NVGS is a Zacks Rank of #2 (Buy) stock with a Value grade of A.
Furthermore, Navigator Holdings holds a P/B ratio of 0.91 and its industry's price-to-book ratio is 1.55. NVGS's P/B has been as high as 1.00, as low as 0.60, with a median of 0.89 over the past 12 months.
These are only a few of the key metrics included in KNOT Offshore Partners and Navigator Holdings strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, KNOP and NVGS look like an impressive value stock at the moment.
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Is KNOT Offshore Partners (KNOP) Stock Undervalued Right Now?
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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
KNOT Offshore Partners (KNOP - Free Report) is a stock many investors are watching right now. KNOP is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.
Another valuation metric that we should highlight is KNOP's P/B ratio of 0.58. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.55. Over the past 12 months, KNOP's P/B has been as high as 0.58 and as low as 0.35, with a median of 0.42.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. KNOP has a P/S ratio of 1. This compares to its industry's average P/S of 1.43.
Finally, investors will want to recognize that KNOP has a P/CF ratio of 2.42. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. KNOP's P/CF compares to its industry's average P/CF of 6.96. Over the past year, KNOP's P/CF has been as high as 2.42 and as low as 1.43, with a median of 1.85.
Navigator Holdings (NVGS - Free Report) may be another strong Transportation - Shipping stock to add to your shortlist. NVGS is a Zacks Rank of #2 (Buy) stock with a Value grade of A.
Furthermore, Navigator Holdings holds a P/B ratio of 0.91 and its industry's price-to-book ratio is 1.55. NVGS's P/B has been as high as 1.00, as low as 0.60, with a median of 0.89 over the past 12 months.
These are only a few of the key metrics included in KNOT Offshore Partners and Navigator Holdings strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, KNOP and NVGS look like an impressive value stock at the moment.