Okeanis Eco Tankers (NYSE:ECO) Announces Earnings Results

Okeanis Eco Tankers (NYSE:ECO) released its earnings results on Wednesday. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19, Zacks reports. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%.

Okeanis Eco Tankers Trading Down 1.6 %

Shares of ECO stock traded down $0.39 on Wednesday, hitting $24.07. The stock had a trading volume of 141,497 shares, compared to its average volume of 223,178. Okeanis Eco Tankers has a twelve month low of $18.79 and a twelve month high of $36.69. The firm has a market cap of $774.78 million and a P/E ratio of 6.63. 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 moving average price of $22.59 and a two-hundred day moving average price of $26.71.

Wall Street Analysts Forecast Growth

Separately, B. Riley decreased their price target on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

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.