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

B. Riley began coverage on shares of Okeanis Eco Tankers (NYSE:ECO) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. B. Riley’s price objective indicates a potential upside of 24.18% from the stock’s previous close.

Okeanis Eco Tankers Stock Up 0.1 %

ECO opened at $30.60 on Tuesday. The company has a 50 day simple moving average of $30.02. Okeanis Eco Tankers has a 12 month low of $20.00 and a 12 month high of $32.46.

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

Institutional Trading of Okeanis Eco Tankers

A number of institutional investors have recently bought and sold shares of ECO. Glenorchy Capital Ltd purchased a new stake in Okeanis Eco Tankers during the fourth quarter worth $678,000. UBS Group AG acquired a new position in Okeanis Eco Tankers during the fourth quarter worth about $781,000. Hsbc Holdings PLC acquired a new position in Okeanis Eco Tankers during the fourth quarter worth about $804,000. Goldman Sachs Group Inc. acquired a new position in Okeanis Eco Tankers during the fourth quarter worth about $1,250,000. Finally, Barclays PLC acquired a new position in Okeanis Eco Tankers during the fourth quarter worth about $3,499,000.

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.