Okeanis Eco Tankers (NYSE:ECO) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Okeanis Eco Tankers (NYSE:ECO) posted its quarterly earnings data on Wednesday. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.22 by $0.19, Zacks reports. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%.

Okeanis Eco Tankers Stock Down 1.6 %

ECO traded down $0.39 during trading on Wednesday, hitting $24.07. The company had a trading volume of 141,497 shares, compared to its average volume of 223,178. The firm’s 50-day moving average price is $22.59 and its 200 day moving average price is $26.71. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48. Okeanis Eco Tankers has a one year low of $18.79 and a one year high of $36.69. The company has a market capitalization of $774.78 million and a PE ratio of 6.63.

Analyst Ratings Changes

Separately, B. Riley cut their price objective on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th.

About Okeanis Eco Tankers

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.