Okeanis Eco Tankers (NYSE:ECO) Upgraded at Wall Street Zen

Okeanis Eco Tankers (NYSE:ECO) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

Other analysts have also recently issued reports about the company. Clarkson Capital raised Okeanis Eco Tankers from a “neutral” rating to a “buy” rating and set a $46.05 target price on the stock in a research note on Tuesday, January 27th. B. Riley Financial upped their price target on Okeanis Eco Tankers from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Weiss Ratings cut Okeanis Eco Tankers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Zacks Research upgraded Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.35.

Okeanis Eco Tankers Trading Up 1.9%

Shares of ECO opened at $49.94 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 13.35 and a beta of -0.29. Okeanis Eco Tankers has a twelve month low of $17.91 and a twelve month high of $57.29. The company has a quick ratio of 3.16, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $45.09 and a two-hundred day simple moving average of $37.63.

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

Institutional Trading of Okeanis Eco Tankers

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Encompass Capital Advisors LLC purchased a new stake in shares of Okeanis Eco Tankers in the 4th quarter worth about $27,416,000. FIL Ltd lifted its position in Okeanis Eco Tankers by 17.2% during the 4th quarter. FIL Ltd now owns 574,182 shares of the company’s stock valued at $19,339,000 after acquiring an additional 84,130 shares during the period. Fearnley Asset Management AS bought a new stake in Okeanis Eco Tankers during the fourth quarter worth about $18,696,000. SG Americas Securities LLC boosted its stake in Okeanis Eco Tankers by 5.4% during the third quarter. SG Americas Securities LLC now owns 443,695 shares of the company’s stock worth $12,987,000 after acquiring an additional 22,906 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Okeanis Eco Tankers in the fourth quarter worth about $10,911,000.

About Okeanis Eco Tankers

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.