Okeanis Eco Tankers (NYSE:ECO – Get Free Report) is one of 54 publicly-traded companies in the “Deep sea foreign transportation of freight” industry, but how does it contrast to its rivals? We will compare Okeanis Eco Tankers to similar businesses based on the strength of its profitability, institutional ownership, risk, valuation, dividends, earnings and analyst recommendations.
Insider & Institutional Ownership
44.9% of shares of all “Deep sea foreign transportation of freight” companies are held by institutional investors. 15.7% of shares of all “Deep sea foreign transportation of freight” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Dividends
Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 15.2%. Okeanis Eco Tankers pays out 116.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Deep sea foreign transportation of freight” companies pay a dividend yield of 5.7% and pay out 35.9% of their earnings in the form of a dividend.
Analyst Recommendations
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Okeanis Eco Tankers | 0 | 0 | 1 | 0 | 3.00 |
Okeanis Eco Tankers Competitors | 262 | 1545 | 1750 | 82 | 2.45 |
Okeanis Eco Tankers currently has a consensus target price of $44.00, suggesting a potential upside of 51.72%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 30.98%. Given Okeanis Eco Tankers’ stronger consensus rating and higher possible upside, equities analysts clearly believe Okeanis Eco Tankers is more favorable than its rivals.
Earnings and Valuation
This table compares Okeanis Eco Tankers and its rivals revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Okeanis Eco Tankers | $413.10 million | $145.25 million | 7.67 |
Okeanis Eco Tankers Competitors | $709.01 million | $121.02 million | 6.10 |
Okeanis Eco Tankers’ rivals have higher revenue, but lower earnings than Okeanis Eco Tankers. Okeanis Eco Tankers is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Profitability
This table compares Okeanis Eco Tankers and its rivals’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Okeanis Eco Tankers | 30.17% | 28.35% | 10.54% |
Okeanis Eco Tankers Competitors | 31.30% | 15.84% | 8.13% |
Summary
Okeanis Eco Tankers beats its rivals on 8 of the 14 factors compared.
About 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.
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