Financial Comparison: Enbridge (NYSE:ENB) vs. Okeanis Eco Tankers (NYSE:ECO)

Okeanis Eco Tankers (NYSE:ECO) and Enbridge (NYSE:ENB) are both energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, dividends, earnings and risk.

Dividends

Okeanis Eco Tankers pays an annual dividend of $21.00 per share and has a dividend yield of 21.9%. Enbridge pays an annual dividend of $2.75 per share and has a dividend yield of 5.8%. Okeanis Eco Tankers pays out 195.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Enbridge pays out 147.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Enbridge has raised its dividend for 2 consecutive years.

Earnings and Valuation

This table compares Okeanis Eco Tankers and Enbridge”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Okeanis Eco Tankers	$391.55 million	9.55	$122.95 million	$10.72	8.94
Enbridge	$46.66 billion	2.26	$5.36 billion	$1.87	25.32

Enbridge has higher revenue and earnings than Okeanis Eco Tankers. Okeanis Eco Tankers is trading at a lower price-to-earnings ratio than Enbridge, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Okeanis Eco Tankers and Enbridge’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Okeanis Eco Tankers	56.92%	62.06%	30.15%
Enbridge	7.20%	11.17%	3.02%

Insider & Institutional Ownership

54.6% of Enbridge shares are owned by institutional investors. 0.4% of Enbridge shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Risk & Volatility

Okeanis Eco Tankers has a beta of -0.19, meaning that its share price is 119% less volatile than the S&P 500. Comparatively, Enbridge has a beta of 0.6, meaning that its share price is 40% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for Okeanis Eco Tankers and Enbridge, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Okeanis Eco Tankers	0	4	2	0	2.33
Enbridge	0	5	9	1	2.73

Okeanis Eco Tankers presently has a consensus target price of $67.85, suggesting a potential downside of 29.19%. Enbridge has a consensus target price of $65.88, suggesting a potential upside of 39.12%. Given Enbridge’s stronger consensus rating and higher probable upside, analysts plainly believe Enbridge is more favorable than Okeanis Eco Tankers.

Summary

Enbridge beats Okeanis Eco Tankers on 12 of the 18 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 Enbridge

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.