Okeanis Eco Tankers (ECO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $21.33 to $23.04
• 50-Day Range: $21.41 to $35.63
• 52-Week Range: $20.95 to $36.69
• Volume: 248,371 shs
• Average Volume: 79,859 shs
• Market Capitalization: $726.85 million
• P/E Ratio: 6.22
• Dividend Yield: 7.79%
• Price Target: $44.00
• Consensus Rating: Buy

Okeanis Eco Tankers Stock Analysis - MarketRank™

Okeanis Eco Tankers scored higher than 76% of companies evaluated by MarketBeat, and ranked 54th out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Okeanis Eco Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Okeanis Eco Tankers has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.82%

Earnings Growth

Earnings for Okeanis Eco Tankers are expected to decrease by -2.82% in the coming year, from $3.19 to $3.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Okeanis Eco Tankers is 6.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Okeanis Eco Tankers is 6.06, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.18.

Price to Book Value per Share Ratio

Okeanis Eco Tankers has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.08% of the float of Okeanis Eco Tankers has been sold short.

Short Interest Ratio / Days to Cover

Okeanis Eco Tankers has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Okeanis Eco Tankers has recently increased by 14.81%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Okeanis Eco Tankers is a leading dividend payer. It pays a dividend yield of 7.94%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Okeanis Eco Tankers does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Okeanis Eco Tankers is 48.48%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Okeanis Eco Tankers will have a dividend payout ratio of 56.77% next year. This indicates that Okeanis Eco Tankers will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.08% of the float of Okeanis Eco Tankers has been sold short.

Short Interest Ratio / Days to Cover

Okeanis Eco Tankers has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Okeanis Eco Tankers has recently increased by 14.81%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.07

News Sentiment

Okeanis Eco Tankers has a news sentiment score of -0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Okeanis Eco Tankers this week, compared to 1 article on an average week.

Search Interest

Only 9 people have searched for ECO on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Okeanis Eco Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Okeanis Eco Tankers insiders have not sold or bought any company stock.

ECO Stock Analysis - Frequently Asked Questions

How have ECO shares performed this year?

Okeanis Eco Tankers' stock was trading at $27.0279 at the beginning of the year. Since then, ECO shares have decreased by 18.6% and is now trading at $22.01.
View the best growth stocks for 2024 here.

How were Okeanis Eco Tankers' earnings last quarter?

Okeanis Eco Tankers Corp. (NYSE:ECO) announced its earnings results on Friday, November, 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.09 by $0.36. The firm earned $84.93 million during the quarter, compared to analyst estimates of $74.61 million. Okeanis Eco Tankers had a net margin of 29.25% and a trailing twelve-month return on equity of 27.19%.

Who are Okeanis Eco Tankers' major shareholders?

Top institutional shareholders of Okeanis Eco Tankers include Barclays PLC (0.33%), Quadrature Capital Ltd (0.11%), Glenorchy Capital Ltd (0.08%) and Wexford Capital LP (0.07%).

How do I buy shares of Okeanis Eco Tankers?

Shares of ECO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Okeanis Eco Tankers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Okeanis Eco Tankers investors own include Legal & General Group (LGGNY), NextEra Energy Partners (NEP), CTO Realty Growth (CTO), Enterprise Products Partners (EPD), Energy Transfer (ET), Global Net Lease (GNL) and Medical Properties Trust (MPW).

Company Calendar

• Ex-Dividend for 9/5 Dividend: 8/21/2024
• Dividend Payable: 9/05/2024
• Last Earnings: 11/08/2024
• Ex-Dividend for 12/4 Dividend: 11/18/2024
• Today: 12/03/2024
• Dividend Payable: 12/04/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: N/A
• Current Symbol: NYSE:ECO
• Previous Symbol: NYSE:ECO
• CUSIP: N/A
• CIK: 1964954
• Web: www.okeanisecotankers.com
• Phone: 30-210-48-04-200
• Fax: 302104818210
• Employees: 14
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $44.00
• High Stock Price Target: $44.00
• Low Stock Price Target: $44.00
• Potential Upside/Downside: +105.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.63
• Trailing P/E Ratio: 5.90
• Forward P/E Ratio: 6.71
• P/E Growth: N/A
• Net Income: $145.25 million
• Net Margins: 29.25%
• Pretax Margin: 29.25%
• Return on Equity: 27.19%
• Return on Assets: 10.14%

Debt

• Debt-to-Equity Ratio: 1.48
• Current Ratio: 1.69
• Quick Ratio: 1.34

Sales & Book Value

• Annual Sales: $413.10 million
• Price / Sales: 1.67
• Cash Flow: $5.56 per share
• Price / Cash Flow: 3.85
• Book Value: $12.68 per share
• Price / Book: 1.69

Miscellaneous

• Outstanding Shares: 32,190,000
• Free Float: N/A
• Market Cap: $689.19 million
• Optionable: N/A
• Beta: N/A