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.
- 05/20/2024
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Okeanis Eco Tankers Corp. (ECO) Q1 2024 Earnings Call Transcript
- Okeanis Eco Tankers Corp. (ECO) Q1 2024 Earnings Call Transcript
- 05/16/2024
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Okeanis Eco Tankers Corp. – Key Information relating to Q1 2024 dividend
- ATHENS, Greece, May 16, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares, which is classified as a return of capital for accounting purposes (the “Dividend”).
- 05/16/2024
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Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the First Quarter and Three-Month Period of 2024
- ATHENS, Greece, May 16, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET” or “Okeanis”) (NYSE:ECO / OSE:OET), today reported unaudited condensed financial statements for the first quarter and three-month period of 2024, which are attached to this press release.
- 05/16/2024
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Okeanis Eco Tankers Corp. – Invitation to Q1 2024 Results Conference Call and Webcast
- ATHENS, Greece, May 13, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited condensed results for the first quarter and three month period ended March 31, 2024, on Thursday, May 16, 2024, and a webcast/teleconference will be held at 13:30 CET.
- 05/13/2024
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Okeanis Eco Tankers Corp. – Announcement of 2024 Annual Meeting of Shareholders
- ATHENS, Greece, May 02, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), announced today that it has scheduled its Annual Meeting of Shareholders for May 31, 2024, at 11:00 a.m. Greek time (the “Annual Meeting”). The record date for determining shareholders entitled to participate at the Annual Meeting is April 26, 2024. The business of the Annual Meeting is to elect seven directors to serve until the 2025 Annual Meeting of Shareholders and to ratify the appointment of Deloitte Certified Public Accountants S.A. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Annual Meeting documentation and instructions for voting are expected to be mailed to all shareholders of record on or about May 2, 2024, and will be furnished to the U.S. Securities and Exchange Commission (the “Commission”) and available on the Commission's website at www.sec.gov.
- 05/02/2024
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Okeanis Eco Tankers Corp. – Announcement of Availability of 2023 Annual Report on Form 20-F
- ATHENS, Greece, April 30, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report may be downloaded from the SEC's website (http://www.sec.gov) and is also available under the Investor Relations section (Financial Reports and Webcasts) of the Company's website (www.okeanisecotankers.com). Hard copies of the Company's complete 2023 audited financial statements can be obtained, free of charge, upon request by contacting the Company at ir@okeanisecotankers.com or by writing to Okeanis Eco Tankers Corp., Ethnarchou Makariou av. & 2 D. Falireos st., 18547 Neo Faliro, Greece.
- 04/30/2024
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Okeanis Eco Tankers: The Best Fleet Plus Generous Dividends; Rating Unchanged
- ECO delivered remarkable results in 2023 following the strong VLCC and Suezmax rates. ECO realized 112% operating cash flow growth YoY. In FY23, the company delivered $155 million unlevered FCF or $5.41 FCF per share and 10.7% FCF yield. In 2023, ECO distributed $159 million among the shareholders, leading to a 14.2% TTM yield.
- 04/13/2024
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7 Small-Cap Stocks that Wall Street Loves for Good Reason
- With the major indexes at or near record highs, it's been easy to overlook the performance of the small-cap Russell-2000 Index. While the index is “only” up about 5% in 2024, it's up 21% in the past 12 months, and is slowly starting to catch up to the market rally.
- 03/30/2024
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Okeanis Eco Tankers: A Much Stronger Quarter Could Be Ahead
- Okeanis Eco Tankers is my top choice for capitalizing on the bull market in the crude tanker sector. Okeanis has competitive advantages, including a newer fleet, commercial outperformance, and a transparent and shareholder-friendly corporate policy. Q4 was unremarkable, but Q1 is almost certain to be much stronger.
- 03/04/2024
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Okeanis Eco Tankers Corp. (ECO) Q4 2023 Earnings Call Transcript
- Okeanis Eco Tankers Corp. (ECO) Q4 2023 Earnings Call Transcript
- 02/29/2024
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Okeanis Eco Tankers Corp. – Key Information relating to 4Q23 capital distribution
- ATHENS, Greece, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “OET” or the “Company”) (NYSE: ECO / OSE: OET), will pay a dividend on its common shares, which is classified as a return of capital (the “Dividend”).
- 02/29/2024
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Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Fourth Quarter and Twelve Month Period of 2023
- ATHENS, Greece, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or “Company”) (NYSE:ECO / OSE:OET) today reported unaudited condensed financial statements for the fourth quarter and twelve month period of 2023, which are attached to this press release.
- 02/29/2024
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Okeanis Eco Tankers Corp. – Invitation to Q4 2023 Results Conference Call and Webcast
- ATHENS, Greece, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited condensed results for the fourth quarter and twelve month period ended December 31, 2023, on Thursday, February 29, 2024, and a webcast/teleconference will be held at 13:30 CET.
- 02/26/2024
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Okeanis Eco Tankers: Bet On Crude Tankers Deficit With The Youngest Fleet In The Industry
- Okeanis Eco Tankers has a young fleet that is 100% equipped with scrubbers, giving it a competitive advantage in the tanker industry. The company's financial performance, margins, and returns are superior to its competitors, and it pays dividends with a TTM yield of 17.39%. ECO maintains adequate liquidity levels – $76.5 million cash, LTM operating income of $226 million, and LTM operating cash flow of $205 million.
- 02/12/2024
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Okeanis Eco Tankers Corp. – New Financings Update
- ATHENS, Greece, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“we”, the “Company”, “OET” or “Okeanis”) (NYSE:ECO / OSE:OET) is pleased to announce the following financings update relating to its fleet.
- 02/01/2024
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Okeanis: Armed With The Most Modern Fleet And Heightened Operating Leverage
- Okeanis Eco Tankers Corp. is a premier choice for long-term investment in the crude tanker sector, with potential for high dividends. The company has a state-of-the-art fleet of eco-vessels and a strong operating leverage, positioning it for sustained profitability. Okeanis is committed to returning value to shareholders, with a history of paying 100% FCF as dividends and a potential annualized dividend yield of up to 20% for Q1-24.
- 01/26/2024
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Top 3 Energy Stocks That May Explode In Q1 - Okeanis Eco Tankers (NYSE:ECO), Green Plains (NASDAQ:GPRE)
- The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
- 01/24/2024
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Okeanis Eco Tankers Corp. – Commercial Update
- ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET” or “Okeanis”) (NYSE:ECO / OSE:OET), announced the following commercial update:
- 01/22/2024
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