Okeanis Eco Tankers Corp. (ECO) – What Are Analysts Thinking About This Stock?

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $67.85.

Several research firms recently commented on ECO. Weiss Ratings raised shares of Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 9th. Wall Street Zen upgraded shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. B. Riley Financial boosted their price objective on shares of Okeanis Eco Tankers from $75.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Zacks Research cut shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th.

Insider Buying and Selling

In other news, Director Financial Lp Qvt sold 68,420 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $59.99, for a total transaction of $4,104,515.80. Following the completion of the transaction, the director directly owned 1,347,038 shares in the company, valued at $80,808,809.62. This represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of Okeanis Eco Tankers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new position in Okeanis Eco Tankers in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Okeanis Eco Tankers by 102.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,052 shares of the company’s stock worth $36,000 after purchasing an additional 532 shares in the last quarter. Royal Bank of Canada raised its stake in shares of 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 worth $121,000 after purchasing an additional 2,381 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Okeanis Eco Tankers during the 2nd quarter worth approximately $137,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Okeanis Eco Tankers in the 2nd quarter valued at approximately $149,000.

Okeanis Eco Tankers Price Performance

ECO opened at $98.55 on Tuesday. The stock has a market cap of $3.85 billion, a P/E ratio of 9.19 and a beta of -0.19. Okeanis Eco Tankers has a 12 month low of $28.10 and a 12 month high of $99.13. 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 has a fifty day simple moving average of $73.62 and a 200 day simple moving average of $60.23.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Wednesday, August 5th. The company reported $5.91 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $268.14 million for the quarter, compared to analyst estimates of $220.28 million. On average, research analysts expect that Okeanis Eco Tankers will post 15.33 EPS for the current year.

Okeanis Eco Tankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 14th were given a dividend of $5.25 per share. This is a boost from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Friday, August 14th. This represents a $21.00 annualized dividend and a yield of 21.3%. Okeanis Eco Tankers’s payout ratio is presently 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.