Okeanis Eco Tankers Corp. (NYSE:ECO) Stock Has Average Price Target of $67.85 According to Analysts

Okeanis Eco Tankers Corp. (NYSE:ECO) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $67.85.

A number of equities analysts recently issued reports on the company. B. Riley Financial lifted their target price on Okeanis Eco Tankers from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Weiss Ratings raised Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th. Zacks Research cut Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Wall Street Zen raised Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th.

Okeanis Eco Tankers Stock Performance

Shares of NYSE ECO opened at $83.02 on Friday. The stock has a market cap of $3.24 billion, a PE ratio of 8.46 and a beta of -0.32. The firm has a fifty day moving average price of $84.64 and a 200-day moving average price of $60.04. Okeanis Eco Tankers has a 1 year low of $31.75 and a 1 year high of $102.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.43 and a quick ratio of 4.13.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings data on Wednesday, August 5th. The company reported $5.91 earnings per share 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 business had revenue of $268.14 million during the quarter, compared to analyst estimates of $220.28 million. Equities analysts anticipate that Okeanis Eco Tankers will post 15.33 earnings per share for the current fiscal year.

Insider Activity at Okeanis Eco Tankers

In related news, Director Financial Lp Qvt sold 68,420 shares of Okeanis Eco Tankers stock in a transaction on Friday, August 14th. The shares were sold at an average price of $59.99, for a total transaction of $4,104,515.80. Following the transaction, the director owned 1,347,038 shares in the company, valued at approximately $80,808,809.62. The trade was a 4.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Okeanis Eco Tankers

Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Okeanis Eco Tankers by 96.7% in the 1st quarter. Bank of America Corp DE now owns 278,305 shares of the company’s stock valued at $14,079,000 after acquiring an additional 136,782 shares during the period. Walleye Capital LLC grew its position in shares of Okeanis Eco Tankers by 71.9% during the 1st quarter. Walleye Capital LLC now owns 177,417 shares of the company’s stock worth $8,976,000 after buying an additional 74,231 shares in the last quarter. Militia Capital Management LLC acquired a new position in shares of Okeanis Eco Tankers in the 1st quarter valued at $3,541,000. Energy Income Partners LLC grew its holdings in shares of Okeanis Eco Tankers by 3.4% during the 1st quarter. Energy Income Partners LLC now owns 69,118 shares of the company’s stock worth $3,497,000 after purchasing an additional 2,250 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Okeanis Eco Tankers in the 1st quarter valued at $2,185,000.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates oceangoing tankers. The company focuses primarily on the transportation of crude oil and refined petroleum products for energy companies, commodity traders and other customers in the global oil industry.

Its fleet consists mainly of large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, as well as product tankers designed to transport refined petroleum products. Okeanis Eco Tankers emphasizes fuel efficiency and environmental performance through the use of modern vessels and technologies intended to reduce emissions and operating consumption.

Okeanis Eco Tankers was established in 2018 and is headquartered in Athens, Greece.