Q2 2024 EPS Estimates for Okeanis Eco Tankers Corp. (NYSE:ECO) Raised by B. Riley

Okeanis Eco Tankers Corp. (NYSE:ECOFree Report) – B. Riley raised their Q2 2024 EPS estimates for shares of Okeanis Eco Tankers in a note issued to investors on Thursday, May 16th. B. Riley analyst L. Burke now forecasts that the company will post earnings per share of $0.88 for the quarter, up from their previous forecast of $0.22. B. Riley has a “Buy” rating and a $44.00 price target on the stock. The consensus estimate for Okeanis Eco Tankers’ current full-year earnings is $4.22 per share. B. Riley also issued estimates for Okeanis Eco Tankers’ FY2024 earnings at $4.22 EPS.

Okeanis Eco Tankers Stock Up 0.5 %

Shares of ECO stock opened at $36.13 on Monday. Okeanis Eco Tankers has a 1-year low of $20.22 and a 1-year high of $36.46. The company has a 50-day moving average of $31.40.

Okeanis Eco Tankers (NYSE:ECOGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $91.67 million during the quarter.

Hedge Funds Weigh In On Okeanis Eco Tankers

Hedge funds have recently bought and sold shares of the company. Susquehanna International Securities Ltd. bought a new stake in Okeanis Eco Tankers in the first quarter worth approximately $210,000. Hsbc Holdings PLC acquired a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth approximately $804,000. Finally, Glenorchy Capital Ltd bought a new stake in shares of Okeanis Eco Tankers in the 4th quarter valued at $678,000.

Okeanis Eco Tankers Increases Dividend

The company also recently announced a — dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, June 5th. This is an increase from Okeanis Eco Tankers’s previous — dividend of $0.66.

Okeanis Eco Tankers Company Profile

(Get Free Report)

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.

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