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

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

Okeanis Eco Tankers Stock Performance

Shares of ECO stock opened at $24.07 on Thursday. 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 firm has a market cap of $774.78 million and a P/E ratio of 6.63. The firm’s 50 day moving average price is $22.59 and its 200-day moving average price is $26.71. Okeanis Eco Tankers has a one year low of $18.79 and a one year high of $36.69.

Analysts Set New Price Targets

Separately, B. Riley decreased their price target on Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a research note 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.