Okeanis Eco Tankers (NYSE:ECO) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Okeanis Eco Tankers received a "hold (C)" rating from Weiss Ratings while other analysts have varying opinions, with one analyst assigning a strong buy rating and a price target of $34.50.
• The company reported an earnings per share (EPS) of $0.83 for the last quarter, which exceeded the consensus estimate of $0.46, along with revenue of $93.95 million compared to expectations of $56.10 million.
• Several institutional investors have recently modified their holdings, including significant new positions by BNP Paribas Financial Markets and Invesco Ltd., indicating growing interest in the stock.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

ECO has been the subject of several other reports. Jefferies Financial Group began coverage on Okeanis Eco Tankers in a research report on Wednesday, July 23rd. They set a "buy" rating and a $29.00 price objective for the company. Zacks Research raised Okeanis Eco Tankers from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $34.50.

Okeanis Eco Tankers Stock Performance

Shares of NYSE ECO opened at $28.50 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.65 and a debt-to-equity ratio of 1.36. The stock has a 50 day simple moving average of $27.54 and a 200-day simple moving average of $24.38. The company has a market cap of $917.42 million, a PE ratio of 13.64 and a beta of -0.05. Okeanis Eco Tankers has a 12-month low of $17.91 and a 12-month high of $34.97.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.37. The business had revenue of $93.95 million during the quarter, compared to the consensus estimate of $56.10 million. Okeanis Eco Tankers had a return on equity of 15.81% and a net margin of 19.52%. On average, equities research analysts forecast that Okeanis Eco Tankers will post 1.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in shares of Okeanis Eco Tankers in the second quarter worth about $25,000. State of Wyoming acquired a new position in shares of Okeanis Eco Tankers in the second quarter worth about $107,000. Triumph Capital Management acquired a new position in shares of Okeanis Eco Tankers in the first quarter worth about $440,000. Invesco Ltd. acquired a new position in shares of Okeanis Eco Tankers in the second quarter worth about $613,000. Finally, Lighthouse Investment Partners LLC grew its position in Okeanis Eco Tankers by 13.5% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 46,816 shares of the company's stock worth $1,017,000 after purchasing an additional 5,558 shares in the last quarter.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.

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