Research Analysts Offer Predictions for Okeanis Eco Tankers Corp.’s Q1 2024 Earnings (NYSE:ECO)

Okeanis Eco Tankers Corp. (NYSE:ECO) – B. Riley issued their Q1 2024 earnings per share estimates for shares of Okeanis Eco Tankers in a report issued on Monday, April 15th. B. Riley analyst L. Burke anticipates that the company will earn $1.10 per share for the quarter. B. Riley has a “Buy” rating and a $38.00 price objective on the stock. B. Riley also issued estimates for Okeanis Eco Tankers’ Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.91 EPS, Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $3.51 EPS and FY2025 earnings at $3.88 EPS.

Okeanis Eco Tankers (NYSE:ECO) last announced its earnings results on Thursday, February 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $91.67 million during the quarter.

Okeanis Eco Tankers Stock Performance

Shares of Okeanis Eco Tankers stock opened at $30.07 on Thursday. The firm’s 50-day moving average price is $30.05. Okeanis Eco Tankers has a 12 month low of $20.00 and a 12 month high of $32.46.

Okeanis Eco Tankers Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 8th.

Hedge Funds Weigh In On Okeanis Eco Tankers

Several institutional investors have recently modified their holdings of ECO. FIL Ltd bought a new position in Okeanis Eco Tankers during the 4th quarter worth approximately $18,159,000. Barclays PLC bought a new position in Okeanis Eco Tankers during the 4th quarter worth approximately $3,499,000. Goldman Sachs Group Inc. bought a new position in Okeanis Eco Tankers during the 4th quarter worth approximately $1,250,000. Hsbc Holdings PLC bought a new position in Okeanis Eco Tankers during the 4th quarter worth approximately $804,000. Finally, UBS Group AG bought a new position in Okeanis Eco Tankers during the 4th quarter worth approximately $781,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.