Okeanis Eco Tankers (NYSE:ECO - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.37, Zacks reports. Okeanis Eco Tankers had a return on equity of 15.81% and a net margin of 19.52%. The firm had revenue of $93.95 million during the quarter, compared to analysts' expectations of $56.10 million.
Okeanis Eco Tankers Stock Up 1.5%
ECO stock traded up $0.39 on Friday, hitting $25.94. 71,764 shares of the company's stock were exchanged, compared to its average volume of 137,772. Okeanis Eco Tankers has a 12-month low of $17.91 and a 12-month high of $35.64. The firm has a 50 day moving average price of $23.55 and a two-hundred day moving average price of $22.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.65 and a current ratio of 1.96. The stock has a market cap of $835.01 million, a P/E ratio of 12.41 and a beta of -0.13.
Okeanis Eco Tankers Dividend Announcement
The firm also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Wednesday, June 4th were paid a dividend of $0.32 per share. This represents a yield of 952.0%. The ex-dividend date was Tuesday, June 3rd. Okeanis Eco Tankers's payout ratio is 61.24%.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group started coverage on Okeanis Eco Tankers in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $29.00 price objective for the company.
Get Our Latest Report on ECO
Institutional Trading of Okeanis Eco Tankers
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECO. BNP Paribas Financial Markets acquired a new position in shares of Okeanis Eco Tankers in the 2nd quarter valued at about $25,000. Invesco Ltd. acquired a new position in Okeanis Eco Tankers in the 2nd quarter worth about $613,000. Lighthouse Investment Partners LLC raised its holdings in Okeanis Eco Tankers by 13.5% in 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 during the period. Semmax Financial Advisors Inc. raised its holdings in Okeanis Eco Tankers by 8.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 132,545 shares of the company's stock worth $2,880,000 after purchasing an additional 10,016 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Okeanis Eco Tankers by 56.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company's stock worth $3,328,000 after purchasing an additional 54,528 shares during the period.
About Okeanis Eco Tankers
(
Get Free Report)
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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