Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) - Research analysts at B. Riley decreased their FY2025 earnings estimates for Okeanis Eco Tankers in a research report issued on Wednesday, January 15th. B. Riley analyst L. Burke now forecasts that the company will post earnings of $1.34 per share for the year, down from their prior forecast of $3.10. B. Riley currently has a "Buy" rating and a $40.00 target price on the stock. The consensus estimate for Okeanis Eco Tankers' current full-year earnings is $3.19 per share.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The business had revenue of $84.93 million for the quarter, compared to the consensus estimate of $74.61 million.
Okeanis Eco Tankers Stock Performance
NYSE:ECO traded down $0.33 during midday trading on Friday, hitting $23.53. The company's stock had a trading volume of 262,742 shares, compared to its average volume of 298,580. The firm has a market cap of $757.43 million and a P/E ratio of 6.48. Okeanis Eco Tankers has a fifty-two week low of $18.79 and a fifty-two week high of $36.69. The firm's 50 day moving average is $22.02 and its 200-day moving average is $27.91. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34.
Institutional Investors Weigh In On Okeanis Eco Tankers
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECO. Jane Street Group LLC purchased a new stake in shares of Okeanis Eco Tankers in the third quarter worth about $206,000. Marshall Wace LLP acquired a new position in Okeanis Eco Tankers in the second quarter valued at approximately $247,000. BBR Partners LLC purchased a new stake in Okeanis Eco Tankers in the 3rd quarter worth approximately $326,000. Acadian Asset Management LLC acquired a new stake in shares of Okeanis Eco Tankers during the 2nd quarter worth approximately $370,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Okeanis Eco Tankers during the 3rd quarter valued at approximately $383,000.
Okeanis Eco Tankers Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.65%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers's payout ratio is 48.48%.
Okeanis Eco Tankers Company Profile
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Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.
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