B. Riley Has Bearish Estimate for ECO FY2025 Earnings

Okeanis Eco Tankers Corp. (NYSE:ECO) – B. Riley lowered their FY2025 EPS estimates for Okeanis Eco Tankers in a report issued on Wednesday, January 15th. B. Riley analyst L. Burke now expects that the company will post earnings per share of $1.34 for the year, down from their prior estimate 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 Price Performance

Okeanis Eco Tankers stock opened at $23.61 on Friday. The stock’s fifty day moving average price is $22.02 and its two-hundred day moving average price is $27.86. The firm has a market cap of $760.01 million and a PE ratio of 6.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. Okeanis Eco Tankers has a one year low of $18.79 and a one year high of $36.69.

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

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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date was Monday, November 18th. Okeanis Eco Tankers’s payout ratio is currently 48.48%.

Institutional Investors Weigh In On Okeanis Eco Tankers

Institutional investors and hedge funds have recently bought and sold shares of the company. Lighthouse Investment Partners LLC bought a new position in Okeanis Eco Tankers in the 2nd quarter valued at about $2,086,000. Quadrature Capital Ltd bought a new position in Okeanis Eco Tankers in the third quarter valued at approximately $1,169,000. BNP Paribas Financial Markets increased its stake in Okeanis Eco Tankers by 409.9% in the third 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. Acadian Asset Management LLC acquired a new position in Okeanis Eco Tankers during the second quarter valued at approximately $370,000. Finally, Marshall Wace LLP bought a new stake in Okeanis Eco Tankers during the second quarter worth $247,000.

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.