Robin Energy (NASDAQ:RBNE) Releases Earnings Results

Robin Energy (NASDAQ:RBNE) posted its quarterly earnings data on Friday. The company reported ($0.20) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $4.34 million for the quarter.

Robin Energy Stock Performance

Shares of NASDAQ:RBNE opened at $2.00 on Friday. The stock has a market capitalization of $14.04 million and a price-to-earnings ratio of 10.00. Robin Energy has a 1-year low of $1.05 and a 1-year high of $123.25. The company has a 50 day moving average price of $2.91 and a 200 day moving average price of $4.15.

Institutional Investors Weigh In On Robin Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Empery Asset Management LP bought a new stake in shares of Robin Energy during the 4th quarter worth $882,000. Connective Capital Management LLC purchased a new position in shares of Robin Energy in the third quarter worth approximately $78,000. Kitching Partners LLC acquired a new stake in shares of Robin Energy during the third quarter valued at approximately $27,000. Citadel Advisors LLC purchased a new position in Robin Energy during the 3rd quarter worth approximately $585,000. Finally, Virtu Financial LLC purchased a new stake in Robin Energy in the 3rd quarter worth about $28,000.

Robin Energy announced that its Board of Directors has authorized a share buyback program on Tuesday, December 16th that allows the company to buyback $1.00 million in shares. This buyback authorization allows the company to purchase up to 8.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

RBNE has been the topic of a number of research reports. Weiss Ratings began coverage on Robin Energy in a research note on Monday, January 12th. They issued a “sell (d-)” rating on the stock. Wall Street Zen lowered Robin Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Robin Energy presently has a consensus rating of “Sell”.

About Robin Energy

Robin Energy Ltd. operates as a holding company that provides tanker vessel services. The company was founded by Petros Panagiotidis on September 24, 2024 and is headquartered in Limassol, Cyrus.