Robin Energy (NASDAQ:RBNE) Announces Earnings Results

Robin Energy (NASDAQ:RBNE) posted its earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $5.37 million during the quarter.

Robin Energy Trading Up 2.3%

RBNE stock opened at $1.35 on Wednesday. Robin Energy has a twelve month low of $1.05 and a twelve month high of $102.85. The company’s 50 day moving average is $1.93 and its two-hundred day moving average is $3.40. The stock has a market cap of $9.48 million and a P/E ratio of 3.97.

Institutional Investors Weigh In On Robin Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of Robin Energy during the third quarter worth about $585,000. Empery Asset Management LP acquired a new position in Robin Energy in the 4th quarter valued at about $882,000. Connective Capital Management LLC acquired a new stake in Robin Energy during the 3rd quarter worth approximately $78,000. Two Sigma Investments LP acquired a new position in Robin Energy in the 3rd quarter valued at $51,000. Finally, Virtu Financial LLC purchased a new position in Robin Energy during the third quarter worth about $28,000.

Analyst Ratings Changes

RBNE has been the subject of several research analyst reports. Weiss Ratings raised shares of Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Robin Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Robin Energy Company Profile

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.