Okeanis Eco Tankers Corp. (NYSE:ECO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Okeanis Eco Tankers has a consensus recommendation of Moderate Buy from six brokerages (2 holds, 3 buys, 1 strong buy) with an average 1‑year price target of $43.35; notable recent actions include B. Riley raising its target to $55 and upgrades from Clarkson, Zacks and Wall Street Zen while Weiss downgraded to hold.
• The company reported quarterly EPS of $1.78 (beat by $0.48) with a net margin of 31.4% and ROE of 26.6%, and the stock trades near $49.71 with a P/E of 13.3 and a market cap of $1.94 billion (12‑month range $20–$57.29).
• Okeanis hiked its quarterly dividend to $1.55 (annualized $6.20), yielding about 12.5%, but the payout ratio is very high at ~165.8%, which could signal sustainability risk.

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $43.35.

A number of brokerages recently commented on ECO. Clarkson Capital upgraded shares of Okeanis Eco Tankers from a "neutral" rating to a "buy" rating and set a $46.05 target price for the company in a research note on Tuesday, January 27th. Zacks Research upgraded shares of Okeanis Eco Tankers from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. B. Riley Financial boosted their target price on shares of Okeanis Eco Tankers from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Okeanis Eco Tankers from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 29th. Finally, Weiss Ratings downgraded shares of Okeanis Eco Tankers from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, March 25th.

Hedge Funds Weigh In On Okeanis Eco Tankers

Large investors have recently bought and sold shares of the stock. Militia Capital Partners LP acquired a new position in Okeanis Eco Tankers in the third quarter valued at $1,024,000. SG Americas Securities LLC boosted its stake in Okeanis Eco Tankers by 5.4% in the third quarter. SG Americas Securities LLC now owns 443,695 shares of the company's stock valued at $12,987,000 after acquiring an additional 22,906 shares in the last quarter. Quantbot Technologies LP acquired a new position in Okeanis Eco Tankers in the third quarter valued at $344,000. Centiva Capital LP acquired a new position in Okeanis Eco Tankers in the third quarter valued at $259,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Okeanis Eco Tankers by 102.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,052 shares of the company's stock valued at $36,000 after acquiring an additional 532 shares in the last quarter.

Okeanis Eco Tankers Stock Up 1.4%

Okeanis Eco Tankers stock opened at $49.71 on Tuesday. Okeanis Eco Tankers has a twelve month low of $20.00 and a twelve month high of $57.29. The stock's fifty day simple moving average is $47.57 and its 200-day simple moving average is $39.30. The company has a current ratio of 1.50, a quick ratio of 1.39 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1.94 billion, a P/E ratio of 13.29 and a beta of -0.07.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.48. The firm 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, equities analysts expect that Okeanis Eco Tankers will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, March 3rd were paid a dividend of $1.55 per share. The ex-dividend date was 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 dividend yield of 12.5%. Okeanis Eco Tankers's payout ratio is presently 165.78%.

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.

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