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

Okeanis Eco Tankers Corp. (NYSE:ECO) gapped up before the market opened on Friday . The stock had previously closed at $22.49, but opened at $23.67. Okeanis Eco Tankers shares last traded at $23.49, with a volume of 122,729 shares changing hands.

Okeanis Eco Tankers Stock Up 7.5%

The stock has a 50 day moving average price of $22.69 and a 200 day moving average price of $22.33. The company has a market cap of $778.42 million, a P/E ratio of 7.15 and a beta of -0.08. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.12. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The company had revenue of $48.60 million for the quarter, compared to analysts’ expectations of $46.91 million. Research analysts expect that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, June 4th were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a yield of 9.52%. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 51.61%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ECO. Boston Partners purchased a new stake in shares of Okeanis Eco Tankers during the fourth quarter valued at $1,231,000. Arrowstreet Capital Limited Partnership raised its holdings in Okeanis Eco Tankers by 70.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company’s stock worth $10,579,000 after buying an additional 209,260 shares during the period. Wells Fargo & Company MN purchased a new stake in Okeanis Eco Tankers during the fourth quarter valued at about $78,000. Aristides Capital LLC purchased a new stake in Okeanis Eco Tankers during the fourth quarter valued at about $227,000. Finally, FIL Ltd raised its holdings in shares of Okeanis Eco Tankers by 1.3% during the fourth quarter. FIL Ltd now owns 611,929 shares of the company’s stock valued at $12,439,000 after acquiring an additional 8,053 shares during the period.

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.