Added to YB: 2025-02-27
Pitch date: 2025-02-25
ECO [neutral]
Okeanis Eco Tankers Corp.
+453.6%
current return
Author Info
Company Info
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 16 tanker vessels comprising eight modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil.
Market Cap
NOK 3.4B
Pitch Price
NOK 17.28
Price Target
N/A
Dividend
11.11%
EV/EBITDA
8.04
P/E
7.65
EV/Sales
5.46
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Q4 Earnings Update Part III: $ECO
ECO (overview): Youngest crude oil tanker fleet poised for future cyclical high. Day rates rebounding to $50k from $39k. Low orderbook supports long-term outlook. Q3: $30M op cash flow, $13M net income. Near-term similar, then improving as Iran sanctions boost rates. $700M market cap.
Read full article (1 min)