Streetbeat News

ECO

Okeanis Eco Tankers Corp.

https://www.okeanisecotankers.com

Industry

Marine Shipping

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. The company was incorporated in 2018 and is based in Piraeus, Greece.

Open

25.54

Mkt cap

813M

Volume

113K

High

26.28

P/E Ratio

6.83

52-wk high

36.69

Low

25.54

Div yield

0.11

52-wk low

24.50

DHT Holdings (NYSE:DHT) announces a dividend payout of $0.22 per share with an 8.38% yield for shareholders on record by February 20, 2024. The company's dividend and earnings per share have decreased from 2020 to 2023, indicating potential financial strain and raising concerns about the sustainability of future dividends. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield in the industry at 17.34%.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:05 pm

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Genesis Energy (NYSE:GEL) announces a dividend payout of $0.15 per share with an annualized yield of 4.86%. Despite a decrease in dividend per share from 2020 to 2023, earnings per share have grown, indicating a potential shift towards business expansion. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield at 18.41% among peers.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 3:05 pm

Delek Logistics Partners (NYSE:DKL) is set to distribute a dividend of $1.05 per share on February 12, 2024, with an annualized yield of 9.40%. The company has shown a consistent increase in dividend per share from $3.58 in 2020 to $4.12 in 2023, despite a decrease in earnings per share from $3.72 to $3.37 in the same period. This suggests a focus on rewarding shareholders amidst declining earnings. Delek's dividend yield is moderate compared to its industry peers, with Okeanis Eco Tankers (NYSE:ECO) having the highest yield at 18.80%.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:05 pm

CrossAmerica Partners (NYSE:CAPL) announced a dividend payout of $0.53 per share with an annualized yield of 9.11%, maintaining a consistent dividend per share of $2.10 from 2020 to 2023. However, the company's earnings per share have decreased from $2.82 in 2020 to $1.06 in 2023, indicating a decline in profitability. This situation raises concerns about the company's financial health and its ability to continue sharing profits with investors. Okeanis Eco Tankers (NYSE:ECO) is mentioned for having the highest annualized dividend yield at 18.44% among industry peers.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:05 pm

KNOT Offshore Partners (NYSE:KNOP) announced a dividend payout of $0.03 per share with an annualized yield of 1.73%. This marks a significant decrease from previous years, where dividends were as high as $0.52 per share. The company's earnings per share also declined from $1.97 in 2020 to $0.79 in 2023, indicating potential financial challenges. Okeanis Eco Tankers (NYSE:ECO) is mentioned for comparison, boasting the highest annualized dividend yield at 18.70% among industry peers.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:05 pm

The article highlights three energy stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting they may be undervalued and poised for a potential rebound in Q1. Green Plains Inc. (GPRE) has an RSI of 22.05 and recently had its price target lowered by Truist Securities. Vertex Energy, Inc. (VTNR) secured an additional $50 million in borrowing capacity and has an RSI of 28.08. Okeanis Eco Tankers Corp. (ECO) issued a commercial update and has an RSI of 28.77.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:08 pm

Okeanis Eco Tankers Corp. (NYSE:ECO) provided a commercial update for Q4 2023, estimating a fleetwide Daily Time Charter Equivalent Rate (Daily TCE Rate) of approximately $45,300 per operating day. The estimated Daily TCE Rates for VLCC and Suezmax vessels were $45,200 and $45,500 per operating day, respectively, with Suezmax spot days at $51,800. For Q1 2024, 61% of VLCC and 41% of Suezmax spot days have been booked at $76,100 and $59,300, respectively. The Daily TCE Rate is a non-GAAP and non-IFRS measure, and the company has not finalized its financial statements for 2023, indicating that the provided figures are preliminary and subject to change.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:40 pm

Nordic American Tankers (NYSE:NAT) is distributing a $0.06 per share dividend today, with an annualized yield of 5.61%. The dividend trend from 2020 to 2023 has been positive, increasing from $0.45 to $0.49 per share. However, earnings per share have decreased from $0.62 in 2020 to $0.56 in 2023, raising concerns about future dividend sustainability. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield in the industry at 18.10%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:05 pm

The article highlights two energy stocks, Okeanis Eco Tankers Corp. (NYSE:ECO) and Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), as being oversold according to their Relative Strength Index (RSI) values. ECO's RSI is at 24.68 with a recent 2% decline over five days, while SOI's RSI is at 28.23 after an 11% drop over the past month following weaker-than-expected Q3 results. Both stocks are considered potential opportunities for investors.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 11:40 am

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