Okeanis Eco Tankers (NYSE:ECO) Research Coverage Started at B. Riley

B. Riley started coverage on shares of Okeanis Eco Tankers (NYSE:ECO) in a report published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $38.00 price target on the stock. B. Riley also issued estimates for Okeanis Eco Tankers’ Q1 2024 earnings at $1.10 EPS, 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 Stock Performance

Shares of ECO opened at $30.07 on Tuesday. The business has a fifty day moving average price of $30.05. Okeanis Eco Tankers has a twelve month low of $20.00 and a twelve month high of $32.46.

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

Okeanis Eco Tankers Announces Dividend

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

Institutional Investors Weigh In On Okeanis Eco Tankers

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in Okeanis Eco Tankers in the 4th quarter valued at about $1,250,000. FIL Ltd bought a new stake in Okeanis Eco Tankers in the fourth quarter valued at about $18,159,000. Wexford Capital LP bought a new stake in shares of Okeanis Eco Tankers during the fourth quarter worth $236,000. Barclays PLC acquired a new stake in shares of Okeanis Eco Tankers in the fourth quarter valued at $3,499,000. Finally, Hsbc Holdings PLC acquired a new position in Okeanis Eco Tankers during the 4th quarter worth about $804,000.

Okeanis Eco Tankers Company Profile

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.