Okeanis Eco Tankers Corp. (ECO) – What Are Brokerages Thinking About This Stock?

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $67.85.

A number of analysts recently weighed in on ECO shares. Zacks Research lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. B. Riley Financial boosted their target price on Okeanis Eco Tankers from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Wall Street Zen raised Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 9th.

Okeanis Eco Tankers Stock Down 9.0%

NYSE ECO opened at $84.88 on Friday. The company has a quick ratio of 4.13, a current ratio of 4.43 and a debt-to-equity ratio of 0.76. Okeanis Eco Tankers has a 52 week low of $31.75 and a 52 week high of $102.56. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 7.92 and a beta of -0.32. The company has a fifty day moving average of $83.93 and a two-hundred day moving average of $59.61.

Okeanis Eco Tankers (NYSE:ECO) last announced its earnings results on Wednesday, August 5th. The company reported $5.91 earnings per share for the quarter, beating the consensus estimate of $4.61 by $1.30. Okeanis Eco Tankers had a net margin of 56.92% and a return on equity of 62.06%. The business had revenue of $268.14 million for the quarter, compared to the consensus estimate of $220.28 million. On average, analysts predict that Okeanis Eco Tankers will post 15.33 earnings per share for the current year.

Insider Transactions at Okeanis Eco Tankers

In other Okeanis Eco Tankers news, Director Financial Lp Qvt sold 68,420 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $59.99, for a total value of $4,104,515.80. Following the transaction, the director owned 1,347,038 shares of the company’s stock, valued at $80,808,809.62. This represents a 4.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Trading of Okeanis Eco Tankers

Several institutional investors and hedge funds have recently made changes to their positions in ECO. M Holdings Securities Inc. bought a new position in shares of Okeanis Eco Tankers in the third quarter worth about $295,000. CenterBook Partners LP purchased a new position in Okeanis Eco Tankers in the 3rd quarter worth about $550,000. Commonwealth Equity Services LLC lifted its holdings in Okeanis Eco Tankers by 6.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,412 shares of the company’s stock valued at $1,732,000 after buying an additional 1,260 shares in the last quarter. Capital CS Group LLC bought a new stake in Okeanis Eco Tankers during the 3rd quarter valued at about $243,000. Finally, Aviance Capital Partners LLC bought a new stake in Okeanis Eco Tankers during the 3rd quarter valued at about $902,000.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates oceangoing tankers. The company focuses primarily on the transportation of crude oil and refined petroleum products for energy companies, commodity traders and other customers in the global oil industry.

Its fleet consists mainly of large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, as well as product tankers designed to transport refined petroleum products. Okeanis Eco Tankers emphasizes fuel efficiency and environmental performance through the use of modern vessels and technologies intended to reduce emissions and operating consumption.

Okeanis Eco Tankers was established in 2018 and is headquartered in Athens, Greece.