Okeanis Eco Tankers (NYSE:ECO) Shares Gap Up – Should You Buy?

Okeanis Eco Tankers Corp. (NYSE:ECO)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $27.98, but opened at $28.94. Okeanis Eco Tankers shares last traded at $28.95, with a volume of 19,394 shares trading hands.

Okeanis Eco Tankers Price Performance

The company has a 50 day moving average of $31.80 and a 200 day moving average of $31.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.23 and a current ratio of 1.48. The stock has a market capitalization of $866.82 million and a price-to-earnings ratio of 6.43.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings data on Friday, August 9th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.33. The business had revenue of $111.99 million during the quarter, compared to the consensus estimate of $100.71 million. Okeanis Eco Tankers had a return on equity of 28.35% and a net margin of 30.17%. As a group, equities research analysts anticipate that Okeanis Eco Tankers Corp. will post 3.52 EPS for the current year.

Okeanis Eco Tankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 16.34%. Okeanis Eco Tankers’s payout ratio is 105.01%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Several large investors have recently bought and sold shares of ECO. Lighthouse Investment Partners LLC acquired a new position in shares of Okeanis Eco Tankers during the 2nd quarter worth about $2,086,000. Marshall Wace LLP purchased a new stake in Okeanis Eco Tankers during the second quarter worth approximately $247,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Okeanis Eco Tankers during the second quarter worth approximately $1,767,000. Hsbc Holdings PLC increased its stake in Okeanis Eco Tankers by 123.9% in the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock valued at $5,692,000 after purchasing an additional 98,528 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Okeanis Eco Tankers in the second quarter valued at approximately $370,000.

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.