Jefferies Financial Group Begins Coverage on Okeanis Eco Tankers (NYSE:ECO)

Jefferies Financial Group assumed coverage on shares of Okeanis Eco Tankers (NYSE:ECO - Free Report) in a research report report published on Wednesday morning, Marketbeat reports. The brokerage issued a buy rating and a $29.00 target price on the stock.

Okeanis Eco Tankers Price Performance

Shares of NYSE ECO traded down $0.48 during mid-day trading on Wednesday, hitting $23.98. 100,562 shares of the stock traded hands, compared to its average volume of 109,582. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.65 and a quick ratio of 1.28. Okeanis Eco Tankers has a twelve month low of $17.91 and a twelve month high of $35.64. The company has a market cap of $771.92 million, a PE ratio of 9.67 and a beta of -0.15. The firm has a 50 day simple moving average of $23.07 and a two-hundred day simple moving average of $22.79.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.24 by $0.12. Okeanis Eco Tankers had a return on equity of 18.89% and a net margin of 22.05%. The firm had revenue of $48.60 million for the quarter, compared to the consensus estimate of $46.91 million. As a group, equities research analysts forecast that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.32 per share. This represents a yield of 9.52%. The ex-dividend date was Tuesday, June 3rd. Okeanis Eco Tankers's dividend payout ratio is currently 51.61%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Institutional investors have recently bought and sold shares of the company. FIL Ltd increased its holdings in shares of Okeanis Eco Tankers by 1.3% in the fourth quarter. FIL Ltd now owns 611,929 shares of the company's stock worth $12,439,000 after purchasing an additional 8,053 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Okeanis Eco Tankers by 70.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock worth $10,579,000 after purchasing an additional 209,260 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Okeanis Eco Tankers during the first quarter worth about $4,466,000. Goldman Sachs Group Inc. lifted its holdings in Okeanis Eco Tankers by 56.8% in the first quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company's stock worth $3,328,000 after buying an additional 54,528 shares during the period. Finally, Semmax Financial Advisors Inc. lifted its holdings in Okeanis Eco Tankers by 210.9% in the first quarter. Semmax Financial Advisors Inc. now owns 122,529 shares of the company's stock worth $2,906,000 after buying an additional 83,122 shares during the period.

About Okeanis Eco Tankers

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.