Okeanis Eco Tankers Corp. (ECO) To Go Ex-Dividend on August 14th

Okeanis Eco Tankers Corp. (NYSE:ECO) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 14th will be given a dividend of 5.25 per share on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 34.5%. The ex-dividend date is Friday, August 14th. This is a 162.5% increase from Okeanis Eco Tankers’s previous quarterly dividend of $2.00.

Okeanis Eco Tankers Trading Up 0.5%

Shares of Okeanis Eco Tankers stock opened at $60.81 on Wednesday. The business has a 50-day moving average price of $54.59 and a 200-day moving average price of $50.91. Okeanis Eco Tankers has a twelve month low of $24.31 and a twelve month high of $64.26. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 5.67 and a beta of -0.15. The company has a quick ratio of 4.13, a current ratio of 4.43 and a debt-to-equity ratio of 0.76.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Wednesday, August 5th. The company reported $5.91 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $1.30. Okeanis Eco Tankers had a return on equity of 62.06% and a net margin of 56.92%.The firm had revenue of $268.14 million during the quarter, compared to the consensus estimate of $220.28 million. Equities research analysts anticipate that Okeanis Eco Tankers will post 15.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Clarkson Capital cut shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Pareto Securities lowered Okeanis Eco Tankers from a “buy” rating to a “hold” rating and set a $57.50 price target for the company. in a research report on Monday, May 25th. Zacks Research lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen upgraded shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, B. Riley Financial lifted their target price on Okeanis Eco Tankers from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.52.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.