Okeanis Eco Tankers (NYSE:ECO – Get Free Report) and Performance Shipping (NASDAQ:PSHG – Get Free Report) are both small-cap transportation companies, but which is the better business? We will compare the two businesses based on the strength of their institutional ownership, earnings, risk, profitability, analyst recommendations, valuation and dividends.
Analyst Ratings
This is a breakdown of recent ratings and recommmendations for Okeanis Eco Tankers and Performance Shipping, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Okeanis Eco Tankers | 0 | 0 | 1 | 0 | 3.00 |
| Performance Shipping | 0 | 0 | 1 | 0 | 3.00 |
Okeanis Eco Tankers currently has a consensus price target of $44.00, suggesting a potential upside of 85.58%. Performance Shipping has a consensus price target of $6.50, suggesting a potential upside of 226.63%. Given Performance Shipping’s higher possible upside, analysts clearly believe Performance Shipping is more favorable than Okeanis Eco Tankers.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| Okeanis Eco Tankers | 30.17% | 28.35% | 10.54% |
| Performance Shipping | 62.19% | 24.02% | 18.19% |
Earnings and Valuation
This table compares Okeanis Eco Tankers and Performance Shipping”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Okeanis Eco Tankers | $403.85 million | 1.89 | $145.25 million | $3.63 | 6.53 |
| Performance Shipping | $108.94 million | 0.23 | $69.41 million | $1.45 | 1.37 |
Okeanis Eco Tankers has higher revenue and earnings than Performance Shipping. Performance Shipping is trading at a lower price-to-earnings ratio than Okeanis Eco Tankers, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership
19.9% of Performance Shipping shares are held by institutional investors. 0.4% of Performance Shipping shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary
Okeanis Eco Tankers beats Performance Shipping on 6 of the 11 factors compared between the two stocks.
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.
About Performance Shipping
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2023, its fleet consisted of seven Aframax tanker vessels with a combined carrying capacity of 735,910 DWT. The company was incorporated in 2010 and is based in Athens, Greece.
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