Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $27.98, but opened at $28.94. Okeanis Eco Tankers shares last traded at $28.95, with a volume of 19,394 shares.
Okeanis Eco Tankers Stock Performance
The stock has a fifty day simple moving average of $31.91 and a 200-day simple moving average of $32.00. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $920.27 million and a P/E ratio of 6.86.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.33. Okeanis Eco Tankers had a net margin of 30.17% and a return on equity of 28.35%. The business had revenue of $111.99 million for the quarter, compared to analyst estimates of $100.71 million. Equities analysts forecast that Okeanis Eco Tankers Corp. will post 3.52 EPS for the current year.
Okeanis Eco Tankers Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $4.40 annualized dividend and a yield of 15.39%. Okeanis Eco Tankers's dividend payout ratio (DPR) is currently 105.01%.
Institutional Investors Weigh In On Okeanis Eco Tankers
A number of hedge funds have recently modified their holdings of ECO. Susquehanna International Securities Ltd. acquired a new position in Okeanis Eco Tankers during the first quarter valued at $210,000. Acadian Asset Management LLC purchased a new stake in shares of Okeanis Eco Tankers during the 2nd quarter valued at approximately $370,000. Hsbc Holdings PLC raised its holdings in shares of Okeanis Eco Tankers by 123.9% in the 2nd quarter. Hsbc Holdings PLC now owns 178,056 shares of the company's stock valued at $5,692,000 after buying an additional 98,528 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Okeanis Eco Tankers during the 2nd quarter worth about $1,767,000. Finally, Marshall Wace LLP purchased a new position in shares of Okeanis Eco Tankers during the 2nd quarter worth approximately $247,000.
About Okeanis Eco Tankers
(
Get Free Report)
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.
See Also
Before you consider Okeanis Eco Tankers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Okeanis Eco Tankers wasn't on the list.
While Okeanis Eco Tankers currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
