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

Shares of Okeanis Eco Tankers Corp. (NYSE:ECO) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $43.35.

Several brokerages have recently issued reports on ECO. UBS Group lowered Okeanis Eco Tankers from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. Zacks Research downgraded Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Okeanis Eco Tankers in a research report on Monday, December 29th. Clarkson Capital upgraded Okeanis Eco Tankers from a “neutral” rating to a “buy” rating and set a $46.05 target price for the company in a research report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP bought a new position in Okeanis Eco Tankers during the 3rd quarter worth approximately $29,000. BNP Paribas Financial Markets bought a new position in Okeanis Eco Tankers in the 2nd quarter worth $25,000. Verition Fund Management LLC lifted its position in shares of Okeanis Eco Tankers by 22.1% in the 4th quarter. Verition Fund Management LLC now owns 8,784 shares of the company’s stock worth $297,000 after purchasing an additional 1,591 shares during the period. State of Wyoming raised its stake in Okeanis Eco Tankers by 58.6% in the third quarter. State of Wyoming now owns 7,825 shares of the company’s stock worth $229,000 after buying an additional 2,890 shares in the last quarter. Finally, Lighthouse Investment Partners LLC raised its position in shares of Okeanis Eco Tankers by 11.0% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 51,965 shares of the company’s stock worth $1,521,000 after acquiring an additional 5,149 shares in the last quarter.

Okeanis Eco Tankers Stock Up 5.1%

ECO opened at $49.17 on Monday. Okeanis Eco Tankers has a fifty-two week low of $17.91 and a fifty-two week high of $49.47. The company’s 50-day moving average is $38.18 and its 200 day moving average is $33.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.41 and a quick ratio of 3.16.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.48. The business had revenue of $91.33 million during the quarter, compared to the consensus estimate of $98.45 million. Okeanis Eco Tankers had a net margin of 31.40% and a return on equity of 26.63%. As a group, research analysts anticipate that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $1.55 per share. The ex-dividend date is Tuesday, March 3rd. This is an increase from Okeanis Eco Tankers’s previous quarterly dividend of $0.75. This represents a $6.20 dividend on an annualized basis and a yield of 12.6%. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 80.21%.

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.