B. Riley Comments on Okeanis Eco Tankers Corp.’s Q1 2024 Earnings (NYSE:ECO)

Okeanis Eco Tankers Corp. (NYSE:ECO) – Analysts at B. Riley issued their Q1 2024 earnings estimates for shares of Okeanis Eco Tankers in a note issued to investors on Monday, April 15th. B. Riley analyst L. Burke expects that the company will earn $1.10 per share for the quarter. B. Riley has a “Buy” rating and a $38.00 price objective on the stock. The consensus estimate for Okeanis Eco Tankers’ current full-year earnings is $3.51 per share. B. Riley also issued estimates for Okeanis Eco Tankers’ Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.91 EPS, Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $3.51 EPS and FY2025 earnings at $3.88 EPS.

Okeanis Eco Tankers Stock Up 1.6 %

NYSE:ECO opened at $30.55 on Thursday. Okeanis Eco Tankers has a 1 year low of $20.00 and a 1 year high of $32.46. The stock has a fifty day simple moving average of $30.10.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Thursday, February 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $91.67 million during the quarter.

Okeanis Eco Tankers Announces Dividend

The business also recently announced a — dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 8th.

Institutional Trading of Okeanis Eco Tankers

A number of hedge funds and other institutional investors have recently made changes to their positions in ECO. Wexford Capital LP bought a new stake in Okeanis Eco Tankers during the fourth quarter worth approximately $236,000. Glenorchy Capital Ltd acquired a new position in shares of Okeanis Eco Tankers during the 4th quarter valued at $678,000. UBS Group AG bought a new stake in shares of Okeanis Eco Tankers in the 4th quarter worth $781,000. Hsbc Holdings PLC acquired a new stake in shares of Okeanis Eco Tankers in the fourth quarter valued at $804,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Okeanis Eco Tankers in the fourth quarter valued at $1,250,000.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.