Okeanis Eco Tankers (NYSE:ECO) Given New $40.00 Price Target at B. Riley

Okeanis Eco Tankers (NYSE:ECO) had its price target dropped by stock analysts at B. Riley from $44.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 60.77% from the stock’s current price.

Okeanis Eco Tankers Price Performance

Shares of NYSE:ECO traded down $0.01 during midday trading on Wednesday, reaching $24.88. 128,190 shares of the company’s stock were exchanged, compared to its average volume of 290,677. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69. The company’s 50 day simple moving average is $22.06 and its two-hundred day simple moving average is $27.96. Okeanis Eco Tankers has a 12 month low of $18.79 and a 12 month high of $36.69. The firm has a market capitalization of $800.99 million and a PE ratio of 6.85.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.36. The firm had revenue of $84.93 million during the quarter, compared to analyst estimates of $74.61 million. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. Equities research analysts expect that Okeanis Eco Tankers will post 3.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of Okeanis Eco Tankers in the 3rd quarter valued at $206,000. Marshall Wace LLP acquired a new position in Okeanis Eco Tankers in the second quarter valued at about $247,000. BBR Partners LLC acquired a new position in Okeanis Eco Tankers in the third quarter valued at about $326,000. Acadian Asset Management LLC bought a new stake in Okeanis Eco Tankers during the second quarter worth about $370,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Okeanis Eco Tankers during the third quarter worth 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.