Okeanis Eco Tankers (NYSE:ECO) and OceanPal (NASDAQ:OP) Critical Contrast

Okeanis Eco Tankers (NYSE:ECO) and OceanPal (NASDAQ:OP) are both small-cap transportation companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, analyst recommendations, risk, institutional ownership, earnings, valuation and profitability.

Earnings and Valuation

This table compares Okeanis Eco Tankers and OceanPal”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Okeanis Eco Tankers	$403.85 million	2.52	$145.25 million	$4.19	7.53
OceanPal	$4.72 billion	0.00	-$1.98 million	($2.83)	-0.64

Okeanis Eco Tankers has higher earnings, but lower revenue than OceanPal. OceanPal is trading at a lower price-to-earnings ratio than Okeanis Eco Tankers, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of recent recommendations for Okeanis Eco Tankers and OceanPal, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Okeanis Eco Tankers	0	0	1	0	3.00
OceanPal	0	0	0	0	N/A

Okeanis Eco Tankers currently has a consensus target price of $44.00, suggesting a potential upside of 39.42%. Given Okeanis Eco Tankers’ higher probable upside, equities analysts plainly believe Okeanis Eco Tankers is more favorable than OceanPal.

Dividends

Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 13.9%. OceanPal pays an annual dividend of $2.00 per share and has a dividend yield of 111.2%. Okeanis Eco Tankers pays out 105.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. OceanPal pays out -70.7% of its earnings in the form of a dividend. OceanPal is clearly the better dividend stock, given its higher yield and lower payout ratio.

Profitability

This table compares Okeanis Eco Tankers and OceanPal’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Okeanis Eco Tankers	30.17%	28.35%	10.54%
OceanPal	-58.08%	-14.26%	-13.78%

Summary

Okeanis Eco Tankers beats OceanPal on 9 of the 12 factors compared between the two stocks.

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.

About OceanPal

OceanPal Inc. provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece.