Robin Energy (NASDAQ:RBNE) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Robin Energy (NASDAQ:RBNE) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings began coverage on shares of Robin Energy in a research note on Monday, January 12th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Robin Energy presently has a consensus rating of “Sell”.

Robin Energy Price Performance

RBNE opened at $3.37 on Friday. Robin Energy has a 12 month low of $2.78 and a 12 month high of $123.25. The business has a 50-day moving average of $3.88 and a two-hundred day moving average of $7.57. The stock has a market capitalization of $9.47 million and a price-to-earnings ratio of 16.85.

Robin Energy (NASDAQ:RBNE) last released its earnings results on Thursday, November 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Robin Energy declared that its board has approved a stock buyback plan on Tuesday, December 16th that allows the company to repurchase $1.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Robin Energy

Several large investors have recently made changes to their positions in the business. Kitching Partners LLC purchased a new position in shares of Robin Energy in the 3rd quarter valued at $27,000. Virtu Financial LLC acquired a new stake in Robin Energy in the 3rd quarter valued at $28,000. Two Sigma Investments LP purchased a new position in Robin Energy in the third quarter valued at about $51,000. Connective Capital Management LLC purchased a new position in Robin Energy in the third quarter valued at about $78,000. Finally, Citadel Advisors LLC acquired a new position in shares of Robin Energy during the third quarter worth about $585,000.

Robin Energy Company Profile

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.