Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $22.35, but opened at $22.97. Okeanis Eco Tankers shares last traded at $22.97, with a volume of 27,067 shares trading hands.
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.
View Our Latest Report on ECO
Okeanis Eco Tankers Stock Down 3.5 %
The business has a 50-day moving average price of $23.04 and a 200-day moving average price of $25.30. The company has a market capitalization of $729.77 million, a price-to-earnings ratio of 6.71 and a beta of 0.57. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.19. The company had revenue of $85.19 million for the quarter, compared to analyst estimates of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. As a group, equities analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current fiscal year.
Okeanis Eco Tankers Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend was Monday, March 3rd. Okeanis Eco Tankers's payout ratio is 41.42%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in Okeanis Eco Tankers during the third quarter valued at $1,169,000. BNP Paribas Financial Markets raised its position in Okeanis Eco Tankers by 409.9% during the third quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company's stock valued at $661,000 after buying an additional 16,280 shares during the period. Jane Street Group LLC acquired a new position in Okeanis Eco Tankers during the third quarter valued at $206,000. Boston Partners acquired a new position in Okeanis Eco Tankers during the fourth quarter valued at $1,231,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Okeanis Eco Tankers during the third quarter valued at $383,000.
Okeanis Eco Tankers Company Profile
(
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.
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