Financial Analysis: OceanPal (NASDAQ:OP) and Atlas (NYSE:ATCO)

OceanPal (NASDAQ:OPGet Rating) and Atlas (NYSE:ATCOGet Rating) are both transportation companies, but which is the better business? We will compare the two companies based on the strength of their valuation, earnings, dividends, analyst recommendations, risk, profitability and institutional ownership.

Institutional and Insider Ownership

7.9% of OceanPal shares are owned by institutional investors. Comparatively, 68.8% of Atlas shares are owned by institutional investors. 2.1% of Atlas shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Dividends

OceanPal pays an annual dividend of $0.04 per share and has a dividend yield of 16.9%. Atlas pays an annual dividend of $0.50 per share and has a dividend yield of 3.3%. Atlas pays out 24.3% of its earnings in the form of a dividend.

Profitability

This table compares OceanPal and Atlas’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
OceanPal N/A N/A N/A
Atlas 37.73% 12.55% 4.34%

Analyst Recommendations

This is a breakdown of current ratings and target prices for OceanPal and Atlas, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
OceanPal 0 0 0 0 N/A
Atlas 1 3 1 0 2.00

Atlas has a consensus price target of $14.00, suggesting a potential downside of 8.68%. Given Atlas’ higher possible upside, analysts plainly believe Atlas is more favorable than OceanPal.

Valuation and Earnings

This table compares OceanPal and Atlas’ top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
OceanPal N/A N/A N/A N/A N/A
Atlas $1.65 billion 2.31 $400.50 million $2.06 7.44

Atlas has higher revenue and earnings than OceanPal.

Summary

Atlas beats OceanPal on 8 of the 10 factors compared between the two stocks.

About OceanPal

(Get Rating)

OceanPal Inc. focuses on the provision of ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of October 31, 2022, its fleet consisted of four dry bulk carriers, which include two Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 496,374 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece.

About Atlas

(Get Rating)

Atlas Corp. operates as an asset manager and operator of containerships. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies. It also provides electricity to oil and gas, mining, and other industries, as well as government backed and private utilities; and power solutions comprising plant design, fast-tracked installation of generating equipment and balance of plant, plant operation, and service and maintenance. As of March 10, 2022, the company operated a fleet of 132 vessels, 30 gas turbines, and 414 diesel generators. Atlas Corp. was incorporated in 2019 and is based in London, the United Kingdom.

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