Free Trial

Okeanis Eco Tankers (NYSE:ECO) Shares Gap Down - Here's What Happened

Okeanis Eco Tankers logo with Transportation background

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $22.95, but opened at $22.31. Okeanis Eco Tankers shares last traded at $22.19, with a volume of 70,799 shares trading hands.

Okeanis Eco Tankers Price Performance

The company has a 50 day simple moving average of $22.43 and a 200-day simple moving average of $22.39. The stock has a market cap of $715.87 million, a price-to-earnings ratio of 6.58 and a beta of -0.05. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.24 by $0.12. The company had revenue of $48.60 million during the quarter, compared to analyst estimates of $46.91 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. As a group, research analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, June 12th. Investors of record on Wednesday, June 4th will be issued a $0.32 dividend. This represents a yield of 9.52%. The ex-dividend date is Tuesday, June 3rd. Okeanis Eco Tankers's dividend payout ratio (DPR) is 51.61%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN bought a new position in Okeanis Eco Tankers in the 4th quarter worth approximately $78,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth $213,000. Aristides Capital LLC bought a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth $227,000. Citadel Advisors LLC boosted its position in shares of Okeanis Eco Tankers by 21.7% in the fourth quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock worth $279,000 after buying an additional 2,340 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of Okeanis Eco Tankers in the first quarter worth $440,000.

Okeanis Eco Tankers Company Profile

(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.

Read More

Should You Invest $1,000 in Okeanis Eco Tankers Right Now?

Before you consider Okeanis Eco Tankers, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Okeanis Eco Tankers wasn't on the list.

While Okeanis Eco Tankers currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines