B. Riley Initiates Coverage on Okeanis Eco Tankers (NYSE:ECO)

Stock analysts at B. Riley started coverage on shares of Okeanis Eco Tankers (NYSE:ECO) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $38.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 24.18% from the stock’s previous close.

Okeanis Eco Tankers Trading Up 0.1 %

ECO opened at $30.60 on Tuesday. Okeanis Eco Tankers has a 52-week low of $20.00 and a 52-week high of $32.46. The stock’s fifty day moving average is $30.02.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Thursday, February 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $91.67 million for the quarter.

Institutional Trading of Okeanis Eco Tankers

Several large investors have recently modified their holdings of ECO. Wexford Capital LP acquired a new stake in Okeanis Eco Tankers in the fourth quarter valued at about $236,000. Glenorchy Capital Ltd acquired a new stake in Okeanis Eco Tankers in the fourth quarter valued at about $678,000. UBS Group AG acquired a new stake in Okeanis Eco Tankers in the fourth quarter valued at about $781,000. Hsbc Holdings PLC acquired a new stake in Okeanis Eco Tankers in the fourth quarter valued at about $804,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Okeanis Eco Tankers in the fourth quarter valued at about $1,250,000.

About Okeanis Eco Tankers

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.