Robin Energy (NASDAQ:RBNE) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Robin Energy (NASDAQ:RBNE) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings initiated coverage on shares of Robin Energy in a report on Monday, January 12th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Robin Energy presently has an average rating of “Sell”.

Robin Energy Price Performance

NASDAQ RBNE opened at $3.37 on Friday. The stock’s 50-day moving average is $3.84 and its two-hundred day moving average is $7.43. Robin Energy has a fifty-two week low of $2.78 and a fifty-two week high of $123.25. The firm has a market cap of $9.47 million and a P/E ratio of 16.85.

Robin Energy (NASDAQ:RBNE) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Robin Energy declared that its board has authorized a stock buyback plan on Tuesday, December 16th that authorizes the company to buyback $1.00 million in shares. This buyback authorization authorizes the company to reacquire up to 8.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kitching Partners LLC purchased a new position in shares of Robin Energy during the third quarter valued at approximately $27,000. Virtu Financial LLC purchased a new stake in Robin Energy during the 3rd quarter valued at about $28,000. Two Sigma Investments LP purchased a new position in Robin Energy in the third quarter worth about $51,000. Connective Capital Management LLC bought a new position in Robin Energy in the 3rd quarter valued at approximately $78,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Robin Energy during the third quarter valued at $585,000.

About Robin Energy

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.