Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report)'s stock price fell 4.5% during trading on Friday . The stock traded as low as $22.79 and last traded at $22.50. 59,019 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 272,308 shares. The stock had previously closed at $23.55.
Analyst Ratings Changes
Separately, B. Riley cut their target price on Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.
Get Our Latest Stock Report on Okeanis Eco Tankers
Okeanis Eco Tankers Stock Performance
The company has a market cap of $735.21 million and a price-to-earnings ratio of 6.29. The firm has a 50-day simple moving average of $21.97 and a 200 day simple moving average of $27.56. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.36. The company had revenue of $84.93 million during the quarter, compared to analysts' expectations of $74.61 million. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. On average, sell-side analysts predict that Okeanis Eco Tankers Corp. will post 3.13 earnings per share for the current fiscal year.
Okeanis Eco Tankers Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.88%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers's payout ratio is 48.48%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ECO. Lighthouse Investment Partners LLC acquired a new stake in Okeanis Eco Tankers during the 2nd quarter valued at $2,086,000. Quadrature Capital Ltd acquired a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth $1,169,000. BNP Paribas Financial Markets raised its holdings in shares of Okeanis Eco Tankers by 409.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company's stock worth $661,000 after purchasing an additional 16,280 shares during the period. Jane Street Group LLC purchased a new position in Okeanis Eco Tankers in the third quarter valued at approximately $206,000. Finally, Marshall Wace LLP acquired a new position in shares of Okeanis Eco Tankers during the 2nd quarter valued at $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.
Featured Articles
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
