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
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News
- Okeanis Eco Tankers: Young Fleet, Double Digit Dividend, Room To Improve [Seeking Alpha]Seeking Alpha
- Okeanis Eco Tankers: Top Management, Long-Term Double-Digit Yield Potential [Seeking Alpha]Seeking Alpha
- Okeanis Eco Tankers To Benefit From Crude Tanker Rate Rebound [Seeking Alpha]Seeking Alpha
- Okeanis Eco Tankers Corp. – Ex Dividend DateGlobeNewswire
- Okeanis Eco Tankers Corp. (ECO) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
ECO
Sec Filings
- 8/20/24 - Form 6-K
- 8/9/24 - Form 6-K
- 8/9/24 - Form 6-K
- ECO's page on the SEC website