Robin Energy (NASDAQ:RBNE) Issues Quarterly Earnings Results

Robin Energy (NASDAQ:RBNEGet Free Report) released its quarterly earnings data on Wednesday. The company reported $1.89 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.60 million for the quarter. Robin Energy had a return on equity of 8.51% and a net margin of 4.10%.

Robin Energy Trading Up 6.0%

Shares of RBNE stock opened at $2.54 on Wednesday. The company has a market capitalization of $3.38 million, a price-to-earnings ratio of 5.57 and a beta of 1.56. The firm has a 50-day moving average price of $2.93 and a 200 day moving average price of $14.45. Robin Energy has a twelve month low of $2.07 and a twelve month high of $131.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Robin Energy stock. Empery Asset Management LP purchased a new stake in shares of Robin Energy Ltd. (NASDAQ:RBNEFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 301,072 shares of the company’s stock, valued at approximately $882,000. Robin Energy comprises approximately 0.8% of Empery Asset Management LP’s investment portfolio, making the stock its 14th largest holding. Empery Asset Management LP owned 10.71% of Robin Energy as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Robin Energy in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Robin Energy has an average rating of “Sell”.

Read Our Latest Analysis on Robin Energy

Robin Energy Company Profile

(Get Free Report)

Robin Energy Ltd. (NASDAQ: RBNE) is a maritime transportation company focused on the ownership and operation of tanker vessels. The company provides seaborne transportation services for energy products, including crude oil and refined petroleum products.

Through its tanker fleet, Robin Energy serves the international energy and shipping markets, transporting cargoes between ports in various global trading regions. Its business is influenced by demand for oil transportation, fleet utilization, vessel operating costs and conditions in the tanker charter market.

Robin Energy is headquartered in Greece and operates as an international shipping company.

Further Reading

Receive News & Ratings for Robin Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robin Energy and related companies with MarketBeat.com's FREE daily email newsletter.