Wall Street Zen Upgrades Robin Energy (NASDAQ:RBNE) to Hold

Robin Energy (NASDAQ:RBNE) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Robin Energy Stock Performance

Shares of NASDAQ RBNE opened at $3.05 on Friday. Robin Energy has a fifty-two week low of $2.78 and a fifty-two week high of $123.25. The stock has a market cap of $8.57 million and a PE ratio of 76.25. The stock has a fifty day moving average of $1.09 and a 200-day moving average of $2.10.

Robin Energy (NASDAQ:RBNE) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.01 earnings per share (EPS) for the quarter.

Robin Energy declared that its Board of Directors has approved a stock repurchase plan on Tuesday, December 16th that permits the company to buyback $1.00 million in shares. This buyback authorization permits the company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Robin Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Kitching Partners LLC purchased a new position in shares of Robin Energy during the 3rd quarter valued at $27,000. Virtu Financial LLC purchased a new stake in shares of Robin Energy in the third quarter worth $28,000. Two Sigma Investments LP bought a new stake in Robin Energy during the third quarter valued at $51,000. Connective Capital Management LLC bought a new stake in Robin Energy during the third quarter valued at $78,000. Finally, Citadel Advisors LLC purchased a new position in Robin Energy during the third quarter worth about $585,000.

About Robin Energy

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.