Wall Street Zen Downgrades Robin Energy (NASDAQ:RBNE) to Sell

Robin Energy (NASDAQ:RBNE) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings began coverage on shares of Robin Energy in a research report on Monday, January 12th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Robin Energy Stock Up 2.4%

Shares of NASDAQ:RBNE opened at $3.37 on Friday. The business’s 50 day moving average is $3.88 and its 200 day moving average is $7.52. The stock has a market cap of $9.47 million and a P/E ratio of 16.85. Robin Energy has a 52-week low of $2.78 and a 52-week high of $123.25.

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

Robin Energy announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 16th that authorizes the company to buyback $1.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 8.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Robin Energy

A number of large investors have recently added to or reduced their stakes in RBNE. Kitching Partners LLC bought a new stake in shares of Robin Energy in the 3rd quarter valued at about $27,000. Virtu Financial LLC bought a new position in shares of Robin Energy during the 3rd quarter worth approximately $28,000. Two Sigma Investments LP purchased a new stake in Robin Energy during the third quarter valued at approximately $51,000. Connective Capital Management LLC purchased a new stake in Robin Energy during the third quarter valued at approximately $78,000. Finally, Citadel Advisors LLC acquired a new stake in Robin Energy in the third quarter valued at approximately $585,000.

About Robin Energy

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.