FY2024 EPS Estimates for Okeanis Eco Tankers Cut by B. Riley

Okeanis Eco Tankers Corp. (NYSE:ECO) – Equities research analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for shares of Okeanis Eco Tankers in a report issued on Wednesday, January 15th. B. Riley analyst L. Burke now anticipates that the company will earn $3.13 per share for the year, down from their previous forecast of $3.19. B. Riley currently 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. B. Riley also issued estimates for Okeanis Eco Tankers’ Q4 2024 earnings at $0.22 EPS.

Okeanis Eco Tankers Stock Performance

NYSE ECO opened at $25.28 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $22.06 and a 200 day simple moving average of $27.96. The company has a market cap of $813.86 million and a P/E ratio of 6.96. Okeanis Eco Tankers has a 12-month low of $18.79 and a 12-month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Friday, November 8th. The company reported $0.45 earnings per share (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 business had revenue of $84.93 million for the quarter, compared to analyst estimates of $74.61 million.

Okeanis Eco Tankers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a $0.45 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.80 annualized dividend and a yield of 7.12%. Okeanis Eco Tankers’s dividend payout ratio is currently 48.48%.

Institutional Investors Weigh In On Okeanis Eco Tankers

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

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.