Robin Energy (NASDAQ:RBNE) Upgraded to “Hold” at Wall Street Zen

Robin Energy (NASDAQ:RBNE) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Robin Energy Price Performance

Shares of Robin Energy stock opened at $3.05 on Friday. Robin Energy has a 1 year low of $2.78 and a 1 year high of $123.25. The firm has a market cap of $8.57 million and a PE ratio of 76.25. The company has a 50 day simple moving average of $1.09 and a two-hundred day simple moving average of $2.10.

Robin Energy (NASDAQ:RBNE) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.01 EPS for the quarter.

Robin Energy declared that its board has approved a share buyback plan on Tuesday, December 16th that permits the company to repurchase $1.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Robin Energy

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

Robin Energy Company Profile

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.