Okeanis Eco Tankers: Young Fleet, Double Digit Dividend, Room To Improve
Okeanis Eco Tankers is a BUY due to its young, efficient fleet of VLCC and Suezmax vessels, leading to high operating margins. Despite high operating efficiency, ECO's significant debt results in higher cash breakeven, but variable interest rates offer potential relief as rates decline. The large tanker market is in a cyclical upswing, with aging fleets and low order books, positioning ECO advantageously for future growth.
Okeanis Eco Tankers: Top Management, Long-Term Double-Digit Yield Potential
Okeanis Eco Tankers offers superior operational performance and high dividend yields, driven by aligned management and a modern, eco-friendly fleet. The Alafouzos family's significant ownership ensures long-term focus and strategic decision-making, bolstering shareholder value and operational efficiency. OET's active fleet management and market adaptability result in higher TCE rates and cost efficiency, even in weaker market conditions.
Okeanis Eco Tankers: Top-Spec Fleet, Solid Balance Sheet, And Tempting Yield
Okeanis Eco Tankers has a 100% scrubber-equipped fleet, solid financials, and a 9.45% TTM dividend yield. The company's management took advantage of a wider spread between dirty and clean freight rates. Four of the company's VLCCs were cleaned up and turned into LR4s. ECO's recent refinancing improved its debt maturity schedule, enhancing liquidity and reducing capital expenses.
Okeanis Eco Tankers Corp. (ECO) Q2 2024 Earnings Call Transcript
Okeanis Eco Tankers Corp. (NYSE:ECO ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Aristidis Alafouzos - CEO Iraklis Sbarounis - CFO Conference Call Participants Liam Burke - B. Riley Petter Haugen - ABG Bendik Nyttingnes - Clarksons Securities Operator Welcome to OETs Second Quarter 2024 Financial Results Presentation.
Analysts Estimate Okeanis Eco Tankers Corp. (ECO) to Report a Decline in Earnings: What to Look Out for
Okeanis Eco Tankers Corp. (ECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Best Value Stocks to Buy for June 20th
ODP, ECO and TRMK made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 20, 2024.
Okeanis Eco Tankers Corp. (NYSE:ECO) to Post Q2 2024 Earnings of $0.88 Per Share, B. Riley Forecasts
Okeanis Eco Tankers Corp. (NYSE:ECO – Free Report) – Analysts at B. Riley boosted their Q2 2024 EPS estimates for Okeanis Eco Tankers in a note issued to investors on Thursday, May 16th. B. Riley analyst L. Burke now anticipates that the company will earn $0.88 per share for the quarter, up from their prior estimate of $0.22. B. Riley currently has a “Buy” rating and a $44.00 target price on the stock. The consensus estimate for Okeanis Eco Tankers’ current full-year earnings is $4.22 per share. B. Riley also issued estimates for Okeanis Eco Tankers’ FY2024 earnings at $4.22 EPS. Okeanis Eco Tankers Stock Up 0.1 % Okeanis Eco Tankers stock opened at $34.93 on Monday. The business’s 50-day moving average price is $31.11. Okeanis Eco Tankers has a 1-year low of $20.22 and a 1-year high of $35.50. Okeanis Eco Tankers (NYSE:ECO – Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $91.67 million for the quarter. Hedge Funds Weigh In On Okeanis Eco Tankers A number of institutional investors have recently bought and sold shares of ECO. Hsbc Holdings PLC bought a new position in Okeanis Eco Tankers in the fourth quarter worth about $804,000. Glenorchy Capital Ltd bought a new position in Okeanis Eco Tankers in the fourth quarter worth about $678,000. Finally, Susquehanna International Securities Ltd. bought a new position in Okeanis Eco Tankers in the first quarter worth about $210,000. Okeanis Eco Tankers Increases Dividend The business also recently declared a — dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be paid a $1.10 dividend. This is an increase from Okeanis Eco Tankers’s previous — dividend of $0.66. The ex-dividend date is Wednesday, June 5th. About Okeanis Eco Tankers (Get Free Report) 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.
Okeanis Eco Tankers Corp. (ECO) Q1 2024 Earnings Call Transcript
Okeanis Eco Tankers Corp. (ECO) Q1 2024 Earnings Call Transcript
