B. Riley Predicts Lower Earnings for Okeanis Eco Tankers

Okeanis Eco Tankers Corp. (NYSE:ECO) – Investment analysts at B. Riley dropped their FY2025 earnings estimates for shares of Okeanis Eco Tankers in a report released on Wednesday, January 15th. B. Riley analyst L. Burke now anticipates that the company will earn $1.34 per share for the year, down from their prior forecast of $3.10. B. Riley has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for Okeanis Eco Tankers’ current full-year earnings is $3.19 per share.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. The firm had revenue of $84.93 million during the quarter, compared to the consensus estimate of $74.61 million.

Okeanis Eco Tankers Trading Down 1.0 %

NYSE ECO opened at $23.61 on Friday. The stock has a market cap of $760.01 million and a P/E ratio of 6.50. Okeanis Eco Tankers has a fifty-two week low of $18.79 and a fifty-two week high of $36.69. The stock has a 50 day simple moving average of $22.02 and a two-hundred day simple moving average of $27.83. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69.

Okeanis Eco Tankers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.62%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers’s dividend payout ratio (DPR) is currently 48.48%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wexford Capital LP boosted its stake in shares of Okeanis Eco Tankers by 7.1% during the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company’s stock valued at $728,000 after purchasing an additional 1,472 shares in the last quarter. Jane Street Group LLC purchased a new stake in Okeanis Eco Tankers in the third quarter worth about $206,000. Marshall Wace LLP bought a new stake in Okeanis Eco Tankers during the 2nd quarter valued at approximately $247,000. PDT Partners LLC grew its holdings in shares of Okeanis Eco Tankers by 61.5% during the 3rd quarter. PDT Partners LLC now owns 20,254 shares of the company’s stock worth $663,000 after acquiring an additional 7,715 shares during the period. Finally, BBR Partners LLC bought a new position in shares of Okeanis Eco Tankers in the 3rd quarter worth approximately $326,000.

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.