Profile
Sector:
IndustrialsIndustry:
Marine ShippingCountry:
GreeceIPO:
20 December 2023Website:
http://www.okeanisecotankers.comNext earnings report:
28 February 2025Last dividends:
18 November 2024Next dividends:
N/APrice
pre-market | 13 min agoAnalysts recommendations
Institutional Ownership
ECO Latest News
ATHENS, Greece, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Reference is made to the key information relating to Q3 2024 dividend announced by Okeanis Eco Tankers Corp. ("OET" or the "Company") (NYSE: ECO / OSE: OET) on November 8, 2024. The Company's shares will be traded ex dividend USD 0.45 per common share on the Oslo Stock Exchange from today, November 15, 2024 and on the New York Stock Exchange from November 18, 2024.
Okeanis Eco Tankers is a compelling buy due to its young, efficient fleet, attractive valuation, and high dividend yield. Despite a decline in Q3 revenue and profits, ECO's proactive debt management and operational efficiency position it well for long-term value. ECO's P/E ratios and EV/EBIT metrics indicate undervaluation, offering a strong margin of safety for investors willing to navigate sector volatility.
ATHENS, Greece, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today the publication of its 3rd Environmental, Social and Governance Report (the “2023 ESG Report”), which has been developed in accordance with the Global Reporting Initiative (GRI 2021 Standards) and the Sustainability Accounting Standards Board (SASB) for Marine Transportation.
Okeanis Eco Tankers Corp. (NYSE:ECO ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Aristidis Alafouzos - CEO Iraklis Sbarounis - CFO Conference Call Participants Liam Burke - B. Riley Operator Welcome to OETs Third Quarter 2024 Financial Results presentation.
ATHENS, Greece, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares, which is classified as a return of capital for accounting purposes (the “Dividend”).
ATHENS, Greece, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the third quarter and nine-month period of 2024, which are attached to this press release.
ATHENS, Greece, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited interim condensed results for the third quarter and nine-month period ended September 30, 2024, on Friday, November 8, 2024, and a webcast/teleconference will be held at 14:30 CET.
Okeanis Eco Tankers is a BUY due to its young, efficient fleet of VLCC and Suezmax vessels, leading to high operating margins. Despite high operating efficiency, ECO's significant debt results in higher cash breakeven, but variable interest rates offer potential relief as rates decline. The large tanker market is in a cyclical upswing, with aging fleets and low order books, positioning ECO advantageously for future growth.
Okeanis Eco Tankers offers superior operational performance and high dividend yields, driven by aligned management and a modern, eco-friendly fleet. The Alafouzos family's significant ownership ensures long-term focus and strategic decision-making, bolstering shareholder value and operational efficiency. OET's active fleet management and market adaptability result in higher TCE rates and cost efficiency, even in weaker market conditions.
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.
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What type of business is Okeanis Eco Tankers?
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.
What sector is Okeanis Eco Tankers in?
Okeanis Eco Tankers is in the Industrials sector
What industry is Okeanis Eco Tankers in?
Okeanis Eco Tankers is in the Marine Shipping industry
What country is Okeanis Eco Tankers from?
Okeanis Eco Tankers is headquartered in Greece
When did Okeanis Eco Tankers go public?
Okeanis Eco Tankers initial public offering (IPO) was on 20 December 2023
What is Okeanis Eco Tankers website?
https://www.okeanisecotankers.com
Is Okeanis Eco Tankers in the S&P 500?
No, Okeanis Eco Tankers is not included in the S&P 500 index
Is Okeanis Eco Tankers in the NASDAQ 100?
No, Okeanis Eco Tankers is not included in the NASDAQ 100 index
Is Okeanis Eco Tankers in the Dow Jones?
No, Okeanis Eco Tankers is not included in the Dow Jones index
When was Okeanis Eco Tankers the previous earnings report?
No data
When does Okeanis Eco Tankers earnings report?
The next expected earnings date for Okeanis Eco Tankers is 28 February 2025