Okeanis Eco Tankers (NYSE:ECO) Issues Earnings Results

Okeanis Eco Tankers (NYSE:ECO) posted its quarterly earnings results on Wednesday. The company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $4.73 by $2.94, Zacks reports. The firm had revenue of $501.50 million for the quarter, compared to the consensus estimate of $220.83 million. Okeanis Eco Tankers had a net margin of 60.65% and a return on equity of 93.62%.

Okeanis Eco Tankers Price Performance

Okeanis Eco Tankers stock traded down $0.92 during mid-day trading on Friday, reaching $86.75. The company had a trading volume of 290,789 shares, compared to its average volume of 579,886. The company has a market cap of $3.39 billion, a P/E ratio of 4.92 and a beta of -0.32. The business has a fifty day simple moving average of $85.97 and a 200 day simple moving average of $60.96. The company has a current ratio of 4.43, a quick ratio of 4.13 and a debt-to-equity ratio of 0.76. Okeanis Eco Tankers has a fifty-two week low of $31.75 and a fifty-two week high of $102.56.

Okeanis Eco Tankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 23rd will be given a dividend of $7.00 per share. This represents a $28.00 dividend on an annualized basis and a dividend yield of 32.3%. The ex-dividend date is Monday, November 23rd. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $5.25. Okeanis Eco Tankers’s dividend payout ratio is currently 195.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ECO. Zacks Research lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings raised shares of Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 9th. B. Riley Financial upped their price objective on shares of Okeanis Eco Tankers from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wall Street Zen raised shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.52.

Key Stories Impacting Okeanis Eco Tankers

Here are a few of the latest stories about ECO:

• Positive Sentiment: Q4 rates are exceptionally strong: Okeanis said it has covered 71% of fleet days for Q4 at an average of about $420,000 per day, supporting expectations for robust near-term revenue and cash flow. Okeanis Eco Tankers outlines Q4 coverage
• Positive Sentiment: Q3 results substantially exceeded estimates: The company reported EPS of $7.67 versus the cited $4.73 consensus and revenue of $501.5 million versus estimates of $220.83 million. Earnings also rose sharply from $0.77 per share a year earlier, highlighting the strength of the tanker market. Okeanis tops Q3 earnings and revenue estimates
• Positive Sentiment: Dividend increased: Okeanis declared a $7.00-per-share quarterly dividend, up 33.3% from $5.25. Shareholders of record November 23 are scheduled to receive it December 1. The increase signals strong cash generation and boosts shareholder returns. Q3 2026 dividend details

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp. is a Greece-based shipping company that owns and operates crude oil tankers. Its fleet includes very large crude carriers (VLCCs) and Suezmax vessels, which transport crude oil between production regions and markets around the world. The company provides seaborne transportation services to energy companies and commodity traders, deploying its vessels through spot-market voyages and charter arrangements. Its ships are designed to meet modern efficiency and environmental standards.