Okeanis Eco Tankers (NYSE:ECO) Sets New 12-Month Low – Here’s Why

Okeanis Eco Tankers Corp. (NYSE:ECO) reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $18.15 and last traded at $18.58, with a volume of 403929 shares traded. The stock had previously closed at $20.82.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their price objective on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th.

Okeanis Eco Tankers Price Performance

The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64. The company has a market cap of $598.00 million, a price-to-earnings ratio of 5.50 and a beta of 0.04. The business has a fifty day moving average price of $22.62 and a 200 day moving average price of $24.62.

Okeanis Eco Tankers (NYSE:ECO) last issued its earnings results on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.22 by $0.19. The firm had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 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 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend was Monday, March 3rd. Okeanis Eco Tankers’s payout ratio is 41.42%.

Institutional Trading of Okeanis Eco Tankers

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in shares of Okeanis Eco Tankers by 409.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company’s stock valued at $661,000 after acquiring an additional 16,280 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Okeanis Eco Tankers in the 3rd quarter worth about $1,169,000. Jane Street Group LLC bought a new position in Okeanis Eco Tankers in the third quarter valued at about $206,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Okeanis Eco Tankers during the third quarter valued at about $383,000. Finally, Boston Partners bought a new stake in shares of Okeanis Eco Tankers during the fourth quarter worth about $1,231,000.

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.