Okeanis Eco Tankers (NYSE:ECO) Shares Gap Up - Time to Buy?

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $22.49, but opened at $23.67. Okeanis Eco Tankers shares last traded at $23.49, with a volume of 122,729 shares.

Okeanis Eco Tankers Stock Up 7.5%

The stock has a market capitalization of $778.42 million, a P/E ratio of 7.15 and a beta of -0.08. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.64 and a quick ratio of 1.34. The stock's fifty day moving average is $22.58 and its two-hundred day moving average is $22.31.

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

Okeanis Eco Tankers Dividend Announcement

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

Hedge Funds Weigh In On Okeanis Eco Tankers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. boosted its stake in Okeanis Eco Tankers by 210.9% in the 1st quarter. Semmax Financial Advisors Inc. now owns 122,529 shares of the company's stock worth $2,906,000 after purchasing an additional 83,122 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Okeanis Eco Tankers by 56.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company's stock valued at $3,328,000 after buying an additional 54,528 shares during the period. Energy Income Partners LLC boosted its stake in shares of Okeanis Eco Tankers by 84.6% during the 1st quarter. Energy Income Partners LLC now owns 51,189 shares of the company's stock valued at $1,131,000 after buying an additional 23,452 shares during the period. Boston Partners boosted its stake in shares of Okeanis Eco Tankers by 23.9% during the 1st quarter. Boston Partners now owns 71,731 shares of the company's stock valued at $1,585,000 after buying an additional 13,842 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of Okeanis Eco Tankers during the 1st quarter valued at $440,000.

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.