This Tanker Stock Has Nearly Tripled in Just 1 Year – and It Yields 21.76%

• Okeanis Eco Tankers (ECO) demonstrates strong momentum, recently hitting a new all-time high.
• Shares are up nearly 200% over the past year.
• ECO holds a 100% “Buy” technical opinion from Barchart.
• Its valuation, improving profitability, and positive earnings revisions underpin the investment thesis in ECO, although volatility and short interest warrant disciplined risk management.

Author’s Note: Many of the sources I use to research my daily Chart of the Day picks do not cover foreign-based companies, even when they are traded on U.S. exchanges, so coverage is limited.

Today’s Featured Stock

Valued at $3.70 billion, Okeanis Eco Tankers (ECO) is an international tanker company providing seaborne transportation of crude oil and refined products. 

What I’m Watching

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. ECO checks those boxes. The Trend Seeker issued a new “Buy” signal on Oct. 23. Since that signal, ECO is up 2.24%.

Barchart’s Technical Indicators for Okeanis Eco Tankers

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Okeanis Eco Tankers hit an all-time high of $100.68 on Oct. 13.

• Okeanis has a Weighted Alpha of 199.79.
• ECO has a 100% “Buy” opinion from Barchart.
• The stock has gained 198.02% over the past 52 weeks.
• Okeanis has its Trend Seeker “Buy” signal intact.
• The stock recently traded at 97.27 with a 50-day moving average of $79.57.
• ECO had 9 highs and gained 24.33% in the last month.
• 60-month beta of 0.19.
• Relative Strength Index (RSI) is at 65.79.
• There’s a technical support level around $91.83.

Don’t Forget the Fundamentals

• $3.70 billion market capitalization.
• 8.35x trailing price-earnings ratio.
• 21.76% dividend yield
• Revenue is expected to grow 219.37% this year but be down by 39.98% next year.
• Earnings are estimated to increase by 306.63% this year and decrease by 61.32% next year.

Analyst and Investor Sentiment on Okeanis Eco Tankers

• Wall Street analysts followed by Barchart give the stock 2 “Strong Buy” and 4 “Hold” opinions with price targets from $44 to $100.
• Value Line does not rate the stock.
• Morningstar does not rate the stock.
• CFRA’s MarketScope rates the stock as “Sell.”
• 9,520 investors are following the stock on Seeking Alpha, which rates it a “Strong Buy.”
• TipRanks’ analysts have a consensus price target of $100.
• Short interest is 2.22% of the float with 1.64.

The Bottom Line on Okeanis Eco Tankers

The company stands out with exceptional growth, outstanding profitability, robust stock momentum, and a very attractive valuation. That said, the trend is your friend until it isn’t. During the present conflict in the Middle East, tankers can charge whatever the market will bear.  Analysts look like they predict the conflict will be settled next year, and rates will be back to normal. Please, if you have it, then hold it. If you are considering buying it, realize this is a special opportunity and speculative play.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio, it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.

On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.