Okeanis Eco Tankers: Top-Spec Fleet, Solid Balance Sheet, And Tempting Yield [Seeking Alpha]
Okeanis Eco Tankers Corp. (ECO)
Company Research
Source: Seeking Alpha
Follow Summary 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. ECO's market capitalization is $962 million, while its net asset value is $861 million, resulting in 112% PNAV and 48% LTV. I keep the ECO's Buy rating unchanged. joeygil Note: I previously covered Okeanis Eco Tankers ( NYSE: ECO ) in April 2024. I highlighted the company's excellent fleet, which is 100% equipped with scrubbers, a healthy balance sheet, and an attractive dividend policy. Moreover, ECO has a young fleet with an average age of 5 years. Owning a new ship gives a significant advantage. The company is not pressed to renew its vessels. It can simply harvest cash flows
Show less
Read more
Impact Snapshot
Event Time:
ECO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ECO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ECO alerts
High impacting Okeanis Eco Tankers Corp. news events
Weekly update
A roundup of the hottest topics
ECO
News
- Okeanis Eco Tankers Corp. – Ex Dividend DateGlobeNewswire
- Okeanis Eco Tankers Corp. – 2023 ESG ReportGlobeNewswire
- Okeanis Eco Tankers Corp (ECO) Q3 2024 Earnings Call Highlights: Navigating Market Challenges ... [Yahoo! Finance]Yahoo! Finance
- Okeanis Eco Tankers Corp. – Key Information relating to Q3 2024 dividendGlobeNewswire
- Okeanis Eco Tankers Corp. Reports Financial Results for the Third Quarter and Nine-Month Period of 2024GlobeNewswire
ECO
Sec Filings
- 11/15/24 - Form 6-K
- 11/13/24 - Form SC
- 11/13/24 - Form 6-K
- ECO's page on the SEC website