Research Analysts Offer Predictions for Okeanis Eco Tankers Corp.’s Q1 2024 Earnings (NYSE:ECO)

Okeanis Eco Tankers Corp. (NYSE:ECO) – Equities researchers at B. Riley issued their Q1 2024 earnings per share (EPS) estimates for Okeanis Eco Tankers in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Burke anticipates that the company will post earnings of $1.10 per share for the quarter. B. Riley has a “Buy” rating and a $38.00 price objective on the stock. B. Riley also issued estimates for Okeanis Eco Tankers’ Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.91 EPS, Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $3.51 EPS and FY2025 earnings at $3.88 EPS.

Okeanis Eco Tankers Trading Down 1.7 %

Shares of NYSE ECO opened at $30.07 on Thursday. The stock’s 50 day moving average is $30.05. Okeanis Eco Tankers has a 1-year low of $20.00 and a 1-year high of $32.46.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $91.67 million for the quarter.

Okeanis Eco Tankers Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, March 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ECO. FIL Ltd bought a new position in shares of Okeanis Eco Tankers during the fourth quarter valued at approximately $18,159,000. Barclays PLC bought a new position in shares of Okeanis Eco Tankers during the fourth quarter valued at approximately $3,499,000. Goldman Sachs Group Inc. bought a new position in shares of Okeanis Eco Tankers during the fourth quarter valued at approximately $1,250,000. Hsbc Holdings PLC bought a new position in shares of Okeanis Eco Tankers during the fourth quarter valued at approximately $804,000. Finally, UBS Group AG bought a new position in shares of Okeanis Eco Tankers during the fourth quarter valued at approximately $781,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.