Analyzing Okeanis Eco Tankers (ECO) & Its Rivals

Okeanis Eco Tankers (NYSE:ECO) is one of 55 public companies in the “Deep sea foreign transportation of freight” industry, but how does it compare to its competitors? We will compare Okeanis Eco Tankers to related companies based on the strength of its analyst recommendations, institutional ownership, earnings, profitability, dividends, valuation and risk.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for Okeanis Eco Tankers and its competitors, as reported by MarketBeat.com.

	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	1549	1752	84	2.45

Okeanis Eco Tankers currently has a consensus price target of $44.00, indicating a potential upside of 53.93%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 34.08%. Given Okeanis Eco Tankers’ stronger consensus rating and higher possible upside, research analysts plainly believe Okeanis Eco Tankers is more favorable than its competitors.

Dividends

Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 15.4%. Okeanis Eco Tankers pays out 105.0% 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 5.6% and pay out 33.3% of their earnings in the form of a dividend.

Insider & Institutional Ownership

47.1% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 17.2% of shares of all “Deep sea foreign transportation of freight” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability

This table compares Okeanis Eco Tankers and its competitors’ 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%

Earnings and Valuation

This table compares Okeanis Eco Tankers and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Okeanis Eco Tankers	$403.85 million	$145.25 million	6.82
Okeanis Eco Tankers Competitors	$690.05 million	$121.02 million	11.22

Okeanis Eco Tankers’ competitors have higher revenue, but lower earnings than Okeanis Eco Tankers. Okeanis Eco Tankers is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Okeanis Eco Tankers Company Profile

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.