Okeanis Eco Tankers (NYSE:ECO) Sees Strong Trading Volume - What's Next?

Okeanis Eco Tankers Corp. (NYSE:ECO) experienced a significant surge in trading volume on Friday, with approximately 481,258 shares changing hands during mid-day trading. This was a remarkable increase of 95% compared to the previous session's volume of 246,729 shares. At the last trade, the stock was priced at $21.99, showing a decrease from the previous closing price of $22.44.

Recent Analyst Ratings

In a separate report, B. Riley adjusted its target price on shares of Okeanis Eco Tankers, reducing it from $44.00 to $40.00 while maintaining a "buy" rating on the stock.

Current Trading Conditions

The market capitalization of Okeanis Eco Tankers stands at approximately $706.22 million, with a price-to-earnings ratio of 6.49. The stock's fifty-day moving average is $22.74, while its two-hundred-day moving average is $26.67. Financial indicators reveal a quick ratio of 1.34, a current ratio of 1.69, and a debt-to-equity ratio of 1.48.

Recent Earnings Highlights

Okeanis Eco Tankers recently announced its quarterly earnings on February 19. The company reported an earnings per share (EPS) of $0.41 for the quarter, surpassing the consensus estimate of $0.22 by $0.19. The firm enjoyed a net margin of 27.68% and a return on equity (ROE) of 25.19%. Revenue for the quarter reached $85.19 million, exceeding analysts' expectations of $82.46 million. Looking ahead, analysts project that Okeanis Eco Tankers Corp. will report an EPS of 1.34 for the current fiscal year.

Institutional Holdings and Investments

Several institutional investors have recently adjusted their holdings in Okeanis Eco Tankers. BNP Paribas Financial Markets significantly increased its stake by 409.9% in the third quarter, owning 20,252 shares worth $661,000 after acquiring an additional 16,280 shares. BBR Partners LLC entered a new position, valued at approximately $326,000. Additionally, PDT Partners LLC raised its stake by 61.5%, now holding 20,254 shares valued at $663,000 following a purchase of 7,715 additional shares. Quadrature Capital Ltd also acquired a new position worth about $1,169,000 in the same quarter. Finally, Wexford Capital LP increased its holdings by 7.1%, owning 22,204 shares worth $728,000 after acquiring an additional 1,472 shares during the last quarter.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a shipping company that operates a fleet of tanker vessels globally, specializing in crude oil transportation. Its fleet consists of 14 tanker vessels, including six modern Suezmax tankers and eight VLCC tankers. The company was founded in 2018 and is headquartered in Neo Faliro, Greece.

Investment Considerations

Before making any investments in Okeanis Eco Tankers, potential investors should consider recent market analyses and recommendations. While the company currently holds a "buy" rating, other stocks may be viewed as better investment opportunities by top analysts.

Okeanis, Tankers, Trading