Okeanis Eco Tankers (NYSE:ECO) Shares Up 5.7% – What’s Next?

Okeanis Eco Tankers Corp. (NYSE:ECO)’s share price was up 5.7% during trading on Tuesday . The stock traded as high as $22.62 and last traded at $22.62. Approximately 163,559 shares were traded during mid-day trading, an increase of 106% from the average daily volume of 79,494 shares. The stock had previously closed at $21.41.

Okeanis Eco Tankers Stock Down 3.3 %

The firm has a 50-day moving average price of $27.97 and a 200 day moving average price of $30.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. The company has a market cap of $711.72 million and a price-to-earnings ratio of 6.09.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The company had revenue of $84.93 million for the quarter, compared to the consensus estimate of $74.61 million. Sell-side analysts predict that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.14%. The ex-dividend date of this dividend was Monday, November 18th. Okeanis Eco Tankers’s dividend payout ratio (DPR) is currently 48.48%.

Institutional Investors Weigh In On Okeanis Eco Tankers

Several institutional investors have recently made changes to their positions in ECO. Jane Street Group LLC bought a new stake in shares of Okeanis Eco Tankers in the third quarter valued at approximately $206,000. Marshall Wace LLP bought a new stake in shares of Okeanis Eco Tankers in the second quarter valued at approximately $247,000. BBR Partners LLC bought a new stake in shares of Okeanis Eco Tankers in the third quarter valued at approximately $326,000. Acadian Asset Management LLC bought a new stake in shares of Okeanis Eco Tankers in the second quarter valued at approximately $370,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Okeanis Eco Tankers in the third quarter valued at approximately $383,000.

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.