Okeanis Eco Tankers Corp. (NYSE:ECO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.0167.

Several equities research analysts recently commented on the stock. B. Riley boosted their price objective on shares of Okeanis Eco Tankers from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Wall Street Zen raised Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Clarkson Capital raised Okeanis Eco Tankers from a “neutral” rating to a “buy” rating and set a $46.05 price objective for the company in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Okeanis Eco Tankers in a research note on Monday, December 29th. Finally, Zacks Research cut Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th.

Okeanis Eco Tankers Stock Down 4.3%

Shares of ECO stock opened at $39.17 on Thursday. The business’s fifty day moving average is $36.63 and its 200 day moving average is $32.09. The company has a quick ratio of 1.69, a current ratio of 2.00 and a debt-to-equity ratio of 1.33. Okeanis Eco Tankers has a twelve month low of $17.91 and a twelve month high of $41.31.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.29 by $0.48. The business had revenue of $90.60 million during the quarter, compared to analyst estimates of $51.29 million. Okeanis Eco Tankers had a return on equity of 18.05% and a net margin of 21.92%. As a group, sell-side analysts predict that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Tuesday, December 2nd were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Tuesday, December 2nd. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $0.70. Okeanis Eco Tankers’s dividend payout ratio (DPR) is presently 125.52%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Okeanis Eco Tankers by 108.2% during the second quarter. SG Americas Securities LLC now owns 420,789 shares of the company’s stock valued at $9,144,000 after buying an additional 218,717 shares during the last quarter. UBS Group AG lifted its position in Okeanis Eco Tankers by 1,616.5% in the 4th quarter. UBS Group AG now owns 63,065 shares of the company’s stock valued at $2,134,000 after acquiring an additional 59,391 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Okeanis Eco Tankers by 56.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company’s stock valued at $3,328,000 after purchasing an additional 54,528 shares during the last quarter. Two Sigma Investments LP boosted its stake in Okeanis Eco Tankers by 517.5% during the 3rd quarter. Two Sigma Investments LP now owns 58,678 shares of the company’s stock valued at $1,718,000 after purchasing an additional 49,176 shares during the last quarter. Finally, Militia Capital Partners LP bought a new stake in shares of Okeanis Eco Tankers in the 3rd quarter worth $1,024,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.