Okeanis Eco Tankers Corp. (NYSE:ECO) Stock Has Consensus Target Price of $67.85

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $67.85.

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

Okeanis Eco Tankers Stock Down 9.9%

Shares of ECO opened at $91.25 on Friday. The company has a 50-day simple moving average of $82.97 and a 200-day simple moving average of $59.12. The firm has a market capitalization of $3.56 billion, a P/E ratio of 9.18 and a beta of -0.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.13 and a current ratio of 4.43. Okeanis Eco Tankers has a 52 week low of $31.75 and a 52 week high of $102.56.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Wednesday, August 5th. The company reported $5.91 earnings per share 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 the consensus estimate of $220.28 million. On average, equities research analysts expect that Okeanis Eco Tankers will post 15.33 earnings per share for the current year.

Insiders Place Their Bets

In other Okeanis Eco Tankers news, Director Financial Lp Qvt sold 68,420 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $59.99, for a total value of $4,104,515.80. Following the sale, the director owned 1,347,038 shares of the company’s stock, valued at $80,808,809.62. The trade was a 4.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of Okeanis Eco Tankers

Several institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH acquired a new position in Okeanis Eco Tankers in the second quarter worth about $1,506,000. Bank of America Corp DE boosted its holdings in Okeanis Eco Tankers by 96.7% during the first quarter. Bank of America Corp DE now owns 278,305 shares of the company’s stock valued at $14,079,000 after purchasing an additional 136,782 shares in the last quarter. U S Global Investors Inc. acquired a new stake in Okeanis Eco Tankers during the third quarter valued at approximately $1,000,000. Militia Capital Management LLC acquired a new stake in Okeanis Eco Tankers during the first quarter valued at approximately $3,541,000. Finally, Inspire Investing LLC bought a new stake in shares of Okeanis Eco Tankers in the 3rd quarter valued at approximately $2,339,000.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates oceangoing tankers. The company focuses primarily on the transportation of crude oil and refined petroleum products for energy companies, commodity traders and other customers in the global oil industry.

Its fleet consists mainly of large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, as well as product tankers designed to transport refined petroleum products. Okeanis Eco Tankers emphasizes fuel efficiency and environmental performance through the use of modern vessels and technologies intended to reduce emissions and operating consumption.

Okeanis Eco Tankers was established in 2018 and is headquartered in Athens, Greece.