Robin Energy (NASDAQ:RBNE) Posts Earnings Results

Robin Energy (NASDAQ:RBNE) released its quarterly earnings data on Tuesday. The company reported $0.03 EPS for the quarter, FiscalAI reports. The firm had revenue of $5.37 million during the quarter.

Robin Energy Stock Performance

RBNE traded up $0.07 on Tuesday, hitting $1.39. 150,269 shares of the company were exchanged, compared to its average volume of 3,959,259. The firm has a fifty day simple moving average of $1.98 and a two-hundred day simple moving average of $3.44. Robin Energy has a 12 month low of $1.05 and a 12 month high of $102.85. The stock has a market capitalization of $9.76 million and a PE ratio of 4.09.

Hedge Funds Weigh In On Robin Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in Robin Energy during the 3rd quarter valued at $585,000. Empery Asset Management LP bought a new stake in Robin Energy during the 4th quarter valued at $882,000. Connective Capital Management LLC bought a new stake in shares of Robin Energy in the third quarter worth about $78,000. Two Sigma Investments LP bought a new stake in shares of Robin Energy in the third quarter worth about $51,000. Finally, Virtu Financial LLC bought a new stake in shares of Robin Energy in the third quarter worth about $28,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen lowered shares of Robin Energy from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Weiss Ratings raised Robin Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About Robin Energy

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.