Okeanis Eco Tankers(ECO)
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Earnings Estimates Moving Higher for Okeanis Eco Tankers Corp. (ECO): Time to Buy?
ZACKS· 2025-12-09 18:21
Core Viewpoint - Okeanis Eco Tankers Corp. (ECO) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Earnings Estimate Revisions - Analysts are increasingly optimistic about the earnings prospects of Okeanis Eco Tankers, leading to higher earnings estimates that are expected to positively impact the stock price [2]. - For the current quarter, the earnings estimate is projected at $1.30 per share, reflecting a remarkable increase of +217.1% compared to the same quarter last year. The Zacks Consensus Estimate has risen by 170.83% over the past 30 days, with one estimate increasing and no negative revisions [6]. - For the full year, the expected earnings are $3.26 per share, which represents a slight decline of -2.1% year-over-year. However, the consensus estimate has increased by 66.33% due to one upward revision and no negative changes [7][8]. Zacks Rank and Performance - The positive revisions in earnings estimates have earned Okeanis Eco Tankers a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts regarding the company's earnings potential [9]. - Historically, stocks with a Zacks Rank 1 have outperformed the market, with an average annual return of +25% since 2008, suggesting that Okeanis Eco Tankers could follow this trend [3][9]. Recent Stock Performance - Okeanis Eco Tankers shares have appreciated by 7.7% over the past four weeks, indicating investor confidence in the company's earnings growth prospects driven by the favorable estimate revisions [10].
What Makes Okeanis Eco Tankers Corp. (ECO) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-12-09 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum i ...
Best Momentum Stock to Buy for December 9th
ZACKS· 2025-12-09 16:01
Group 1: FIGS (FIGS) - FIGS is a direct-to-consumer healthcare apparel and lifestyle brand with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for FIGS's current year earnings increased by 83.3% over the last 60 days [1] - FIGS's shares gained 71.9% over the last three months compared to the S&P 500's gain of 5.1% [1] - The company possesses a Momentum Score of A [1] Group 2: Okeanis Eco Tankers Corp. (ECO) - Okeanis Eco Tankers is an international tanker company providing seaborne transportation of crude oil and refined products, with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Okeanis Eco Tankers' current year earnings increased by 66.3% over the last 60 days [2] - Okeanis Eco Tankers' shares gained 32.8% over the last three months compared to the S&P 500's gain of 5.1% [2] - The company possesses a Momentum Score of A [2] Group 3: United Natural Foods (UNFI) - United Natural Foods is the leading distributor of natural, organic, and specialty food and non-food products in the U.S. and Canada, with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for United Natural Foods' current year earnings increased by 7.4% over the last 60 days [3] - United Natural Foods' shares gained 21% over the last three months compared to the S&P 500's gain of 5.1% [3] - The company possesses a Momentum Score of A [3]
Best Income Stocks to Buy for December 9th
ZACKS· 2025-12-09 12:21
Group 1: Okeanis Eco Tankers Corp. (ECO) - Okeanis Eco Tankers Corp. is an international tanker company providing seaborne transportation of crude oil and refined products [1] - The Zacks Consensus Estimate for its current year earnings has increased by 66.3% over the last 60 days [1] - The company has a Zacks Rank 1 (Strong Buy) and a dividend yield of 8.1%, significantly higher than the industry average of 1.1% [1] Group 2: J & J Snack Foods (JJSF) - J & J Snack Foods is a manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries [2] - The Zacks Consensus Estimate for its current year earnings has increased by 6.5% over the last 60 days [2] - The company has a Zacks Rank 1 and a dividend yield of 3.5%, compared to the industry average of 0.0% [2] Group 3: Kennametal (KMT) - Kennametal is a manufacturer, marketer, and distributor of high-speed metal cutting tools, tooling systems, and wear-resistant parts [3] - The Zacks Consensus Estimate for its current year earnings has increased by 25% over the last 60 days [3]
Okeanis Eco Tankers Corp. - New Shares Issued and Commencement of Trading
Globenewswire· 2025-11-21 07:00
Core Points - Okeanis Eco Tankers Corp. successfully offered 3,239,436 new common shares at a price of USD 35.50 per share, raising approximately USD 115 million [1][2] - The new shares will be available for trading on the New York Stock Exchange and can also be transferred to Euronext Securities Oslo [2] - Following the issuance, the total number of common shares outstanding will be 35,433,544, with a par value of USD 0.001 each [2] - The newly issued shares are entitled to a cash dividend of USD 0.75 per share, increasing the total dividend amount to be paid by the Company [3] Offering Details - The offering was coordinated by Fearnley Securities AS and Clarksons Securities AS, with legal counsel provided by Advokatfirmaet BAHR AS and Watson Farley & Williams LLP for the Company [4] - The shares were sold under a shelf registration statement previously filed with the SEC, and a final prospectus supplement was filed on 20 November 2025 [5] Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products, incorporated in 2018 [6] - The Company operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [6]
Okeanis Eco Tankers Corp. - New Shares Issued and Commencement of Trading - Okeanis Eco Tankers (NYSE:ECO)
Benzinga· 2025-11-21 07:00
Core Viewpoint - Okeanis Eco Tankers Corp. successfully raised approximately USD 115 million through the offering of 3,239,436 new common shares at a price of USD 35.50 per share [1] Group 1: Offering Details - The Offer Shares will be available for trading on the New York Stock Exchange on or around November 21, 2025, and can also be transferred to Euronext Securities Oslo for trading [2] - Following the issuance of the Offer Shares, the total number of common shares issued by the Company will be 36,129,436, with 35,433,544 shares deemed outstanding [2] - The Offer Shares are entitled to receive a cash dividend of USD 0.75 per common share, increasing the total dividend amount to be paid by the Company [3] Group 2: Management and Legal Counsel - Fearnley Securities AS acted as global coordinator and joint bookrunner, while Clarksons Securities AS served as joint bookrunner for the Offering [4] - Legal counsel for the Company included Advokatfirmaet BAHR AS in Norway and Watson Farley & Williams LLP in the US, while the Managers were advised by Advokatfirmaet Thommessen AS and Seward & Kissel LLP [4] Group 3: Regulatory and Filing Information - The Offer Shares were sold under a shelf registration statement on Form F-3, previously filed with the SEC, and the Offering was made via a prospectus [5] - A final prospectus supplement and accompanying prospectus were filed with the SEC on November 20, 2025, and can be obtained from the SEC's website [5]
Morning Market Movers: SGML, SGBX, VCIG, VRA See Big Swings
RTTNews· 2025-11-19 12:17
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Sigma Lithium Corporation (SGML) is up 31% at $10.21 [3] - Safe & Green Holdings Corp. (SGBX) is up 22% at $4.17 [3] - VCI Global Limited (VCIG) is up 15% at $1.18 [3] - Vera Bradley, Inc. (VRA) is up 13% at $3.27 [3] - TMC the metals company Inc. (TMC) is up 8% at $5.88 [3] - DDC Enterprise Limited (DDC) is up 6% at $4.74 [3] - Relmada Therapeutics, Inc. (RLMD) is up 6% at $4.55 [3] - Tonix Pharmaceuticals Holding Corp. (TNXP) is up 5% at $17.18 [3] - Viewbix Inc. (VBIX) is up 5% at $2.10 [3] - Penguin Solutions, Inc. (PENG) is up 4% at $18.98 [3] Premarket Losers - Aimei Health Technology Co., Ltd (AFJK) is down 10% at $9.40 [4] - Gauzy Ltd. (GAUZ) is down 8% at $2.15 [4] - Wix.com Ltd. (WIX) is down 7% at $116.87 [4] - Diginex Limited (DGNX) is down 7% at $14.99 [4] - Okeanis Eco Tankers Corp. (ECO) is down 6% at $36.85 [4] - Olema Pharmaceuticals, Inc. (OLMA) is down 6% at $18.89 [4] - KULR Technology Group, Inc. (KULR) is down 6% at $2.52 [4] - Movano Inc. (MOVE) is down 5% at $10.54 [4] - Core AI Holdings (CHAI) is down 4% at $2.16 [4] - ARB IOT Group Limited (ARBB) is down 3% at $5.74 [4]
Okeanis Eco Tankers Corp. – Completion and pricing of USD 115 million offering of new common shares
Globenewswire· 2025-11-19 12:15
Core Viewpoint - Okeanis Eco Tankers Corp. has successfully priced an offering of 3,239,436 new shares at USD 35.50 per share, raising gross proceeds of approximately USD 115 million, driven by strong demand [1][2]. Group 1: Offering Details - The net proceeds from the offering will be partially used for the acquisition of two newbuilding Suezmax vessels, each priced at USD 97 million, currently under construction in South Korea [2]. - The offering is expected to be completed by November 21, 2025, with shares available for trading on the New York Stock Exchange after settlement [3]. - The offering complies with the equal treatment obligations under the Norwegian Securities Trading Act [4]. Group 2: Regulatory and Advisory Information - The offering is made pursuant to the Company's shelf registration statement declared effective by the SEC on May 21, 2025, and will be conducted via a prospectus supplement [5]. - Fearnley Securities AS and Clarksons Securities AS are acting as joint bookrunners for the offering [7]. Group 3: Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products, with a fleet that includes six Suezmax tankers and eight VLCC tankers [11].
Okeanis Eco Tankers Corp. – Reminder of trading suspension on Euronext Oslo Børs
Globenewswire· 2025-11-19 07:00
Core Viewpoint - Okeanis Eco Tankers Corp. is planning to offer new common shares, with a trading halt on its shares on Euronext Oslo Børs to facilitate the bookbuilding process [1][2]. Company Overview - Okeanis Eco Tankers Corp. is a prominent international tanker company engaged in the transportation of crude oil and refined products, incorporated on April 30, 2018, under the laws of the Republic of the Marshall Islands [3]. - The company is listed on both the Oslo Stock Exchange (symbol: OET) and the New York Stock Exchange (symbol: ECO) [3]. - The fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [3].
Okeanis Eco Tankers(ECO) - 2025 Q3 - Earnings Call Transcript
2025-11-13 13:32
Financial Data and Key Metrics Changes - The fleet-wide time charter equivalent was approximately $47,000 per vessel per day, with VLCCs at nearly $46,000 and Suezmaxes at $48,000 [2][4] - Adjusted EBITDA for the quarter was $45.2 million, adjusted net profit was $24.7 million, and adjusted EPS was $0.77 [2][4] - Total distributions over the last four quarters amounted to $2.12 per share, representing about 90% of earnings for the period [3] Business Line Data and Key Metrics Changes - TC revenue for the nine months reached $172.5 million, with EBITDA close to $125 million and reported net income exceeding $63.5 million [4] - The company achieved near-perfect utilization across the fleet, with VLCCs earning $45,500 and Suezmaxes at $48,200 per day [9] Market Data and Key Metrics Changes - The company reported that 80% of VLCC spot days are fixed at $88,100 per day, and 48% of Suezmax days at $60,800 per day, leading to a fleet-wide average of $80,700 per day [11] - Crude tanker utilization is now at 93%, the highest level in three years, which corresponds to highly attractive rates [25] Company Strategy and Development Direction - The company continues to focus on maximizing shareholder value through dividends, having distributed over 90% of adjusted EPS since 2022 [3][4] - The management emphasized the importance of maintaining a young, eco-friendly fleet, which is fully scrubber-fitted, to outperform in an aging market [17][24] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in a strong Q4, with rates continuing to strengthen and bookings looking promising [11][13] - The tanker market is described as a bull market, with tightening global sanctions restricting the supply of compliant tonnage, which is expected to support freight rates [13][21] Other Important Information - The company has declared purchase options for two vessels, expected to be delivered in mid-2026, and is exploring refinancing options to improve capital structure [7][8] - The management highlighted that over 40% of the global VLCC and Suezmax fleet is over 15 years old, which supports the value of modern vessels [15][16] Q&A Session Summary Question: How do you see time charter opportunities now? - The management noted that the strength of the market has caught charters off guard, and while there are opportunities for time charters, rates need to increase significantly to make sense for owners [30][31] Question: Can you discuss your strategy today regarding investments? - The focus remains on paying dividends, with attractive investments being those that can deliver quickly. The management emphasized the importance of maintaining a strong dividend payout [32][33] Question: Would you want to continue to scale into VLCCs and Suezmaxes? - The management indicated a preference for VLCCs and Suezmaxes, stating that they could grow the fleet to 20 or 25 ships without impacting trading strategies [40][41] Question: Do you plan on continuing trading clean, or will you flip back into the crude fleet? - The management plans to return to trading crude after discharging gas oil, as the crude market remains strong [49] Question: Where else along the capital structure do you see opportunity? - The management highlighted that they have taken advantage of a competitive financing market and continue to explore options to improve their capital structure [51][52]