OB:OETOil and Gas
Okeanis Eco Tankers (OB:OET) Stock Eyes Dividend Durability After Record Quarter
Okeanis Eco Tankers finished yesterday at NOK583, capping a solid run over the past quarter. The real story sits in the latest earnings. Q2 landed as a strong result for a crude tanker operator, with revenue of US$318.9m and net income of US$230.3m driven by time charter equivalent rates around US$181,000 per day across the fleet.
Short term traders are reacting to a strong earnings report. Long term investors are now asking what a quarter like this means for a stock that screens on a...