Okeanis Eco Tankers Corp. (NYSE:ECO – Get Free Report) has earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $67.85.
A number of equities analysts have recently commented on the stock. B. Riley Financial raised their price objective on shares of Okeanis Eco Tankers from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Zacks Research cut shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings raised shares of Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 9th. Finally, Wall Street Zen raised shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th.
View Our Latest Stock Analysis on Okeanis Eco Tankers
Insider Buying and Selling at Okeanis Eco Tankers
Hedge Funds Weigh In On Okeanis Eco Tankers
A number of large investors have recently bought and sold shares of ECO. Fifth Third Bancorp purchased a new stake in Okeanis Eco Tankers in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in Okeanis Eco Tankers by 102.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,052 shares of the company’s stock valued at $36,000 after acquiring an additional 532 shares in the last quarter. Royal Bank of Canada increased its position in Okeanis Eco Tankers by 29,762.5% during the 1st quarter. Royal Bank of Canada now owns 2,389 shares of the company’s stock valued at $121,000 after purchasing an additional 2,381 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Okeanis Eco Tankers during the 2nd quarter valued at $137,000. Finally, NewEdge Advisors LLC purchased a new position in Okeanis Eco Tankers during the 2nd quarter valued at $149,000.
Okeanis Eco Tankers Stock Performance
NYSE ECO opened at $93.06 on Tuesday. The firm has a market cap of $3.63 billion, a P/E ratio of 8.68 and a beta of -0.19. The company has a quick ratio of 4.13, a current ratio of 4.43 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $72.87 and its 200-day moving average is $59.81. Okeanis Eco Tankers has a 12-month low of $28.10 and a 12-month high of $94.98.
Okeanis Eco Tankers (NYSE:ECO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $5.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.61 by $1.30. Okeanis Eco Tankers had a return on equity of 62.06% and a net margin of 56.92%. The business had revenue of $268.14 million for the quarter, compared to analysts’ expectations of $220.28 million. Sell-side analysts predict that Okeanis Eco Tankers will post 15.33 earnings per share for the current year.
Okeanis Eco Tankers Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were issued a dividend of $5.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $21.00 dividend on an annualized basis and a dividend yield of 22.6%. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. Okeanis Eco Tankers’s payout ratio is 195.90%.
About Okeanis Eco Tankers
Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates a fleet of modern, fuel-efficient crude oil tankers. The company focuses primarily on large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, which transport crude oil between major production and refining regions around the world.
Through its vessels and associated commercial and technical management activities, Okeanis Eco Tankers provides seaborne transportation services to customers in the global energy industry.
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