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

Okeanis Eco Tankers Corp. (NYSE:ECO) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $40.0167.

A number of analysts have recently issued reports on ECO shares. Clarkson Capital upgraded shares of Okeanis Eco Tankers from a “neutral” rating to a “buy” rating and set a $46.05 price objective on the stock in a research note on Tuesday, January 27th. UBS Group lowered shares of Okeanis Eco Tankers from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. B. Riley raised their target price on Okeanis Eco Tankers from $35.00 to $45.00 and gave the company 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Okeanis Eco Tankers in a report on Monday, December 29th.

Okeanis Eco Tankers Trading Up 0.0%

NYSE:ECO opened at $40.51 on Thursday. The business’s 50-day moving average is $36.51 and its two-hundred day moving average is $31.91. The firm has a market capitalization of $1.30 billion, a PE ratio of 16.95 and a beta of 0.03. Okeanis Eco Tankers has a 12 month low of $17.91 and a 12 month high of $41.31. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.00 and a quick ratio of 1.69.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Thursday, November 13th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts predict that Okeanis Eco Tankers will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.75 per share. This is an increase from Okeanis Eco Tankers’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, December 2nd. This represents a $3.00 annualized dividend and a dividend yield of 7.4%. Okeanis Eco Tankers’s dividend payout ratio (DPR) is currently 125.52%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new position in Okeanis Eco Tankers during the 2nd quarter worth $25,000. Quarry LP bought a new stake in Okeanis Eco Tankers in the third quarter valued at about $29,000. State of Wyoming acquired a new stake in Okeanis Eco Tankers during the second quarter valued at approximately $107,000. Verition Fund Management LLC bought a new position in Okeanis Eco Tankers during the 3rd quarter worth approximately $211,000. Finally, S.E.E.D. Planning Group LLC acquired a new position in shares of Okeanis Eco Tankers in the 3rd quarter worth approximately $234,000.

Okeanis Eco Tankers Company Profile

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.