Wall Street Zen Upgrades Okeanis Eco Tankers (NYSE:ECO) to Strong-Buy

Okeanis Eco Tankers (NYSE:ECO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other equities analysts also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Okeanis Eco Tankers in a research note on Wednesday, October 8th. UBS Group lowered Okeanis Eco Tankers from a “buy” rating to a “neutral” rating in a research report on Friday. B. Riley increased their target price on Okeanis Eco Tankers from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Research cut Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group began coverage on shares of Okeanis Eco Tankers in a research report on Wednesday, July 23rd. They set a “buy” rating and a $29.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.00.

Okeanis Eco Tankers Stock Performance

Okeanis Eco Tankers stock opened at $38.31 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.96 and a quick ratio of 1.65. Okeanis Eco Tankers has a 12 month low of $17.91 and a 12 month high of $39.77. The company has a fifty day moving average price of $31.28 and a two-hundred day moving average price of $26.64. The company has a market cap of $1.23 billion, a PE ratio of 18.33 and a beta of 0.01.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.48. Okeanis Eco Tankers had a net margin of 19.52% and a return on equity of 15.81%. The company had revenue of $59.95 million for the quarter, compared to the consensus estimate of $51.29 million. Research analysts expect that Okeanis Eco Tankers will post 1.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in Okeanis Eco Tankers during the second quarter valued at approximately $25,000. State of Wyoming increased its holdings in shares of Okeanis Eco Tankers by 58.6% in the third quarter. State of Wyoming now owns 7,825 shares of the company’s stock valued at $229,000 after buying an additional 2,890 shares in the last quarter. Lighthouse Investment Partners LLC lifted its position in shares of Okeanis Eco Tankers by 13.5% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 46,816 shares of the company’s stock valued at $1,017,000 after acquiring an additional 5,558 shares during the last quarter. S.E.E.D. Planning Group LLC bought a new stake in shares of Okeanis Eco Tankers during the 3rd quarter worth $234,000. Finally, Semmax Financial Advisors Inc. grew its holdings in shares of Okeanis Eco Tankers by 8.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 132,545 shares of the company’s stock worth $2,880,000 after acquiring an additional 10,016 shares during the last quarter.

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.