B. Riley Securities Upholds Buy Rating for Okeanis Eco Tankers (ECO)
Analyst Recommendation: B. Riley Securities has maintained a Buy recommendation for Okeanis Eco Tankers (NYSE:ECO) as of November 14, 2025, despite a projected average price target of $35.95/share indicating a 6.45% downside from its recent closing price of $38.43/share.
Revenue and EPS Projections: The projected annual revenue for Okeanis Eco Tankers is $341 million, reflecting a decrease of 2.62%, with a non-GAAP EPS forecast of 6.15.
Fund Sentiment: There has been a 22.64% increase in the number of funds reporting positions in Okeanis Eco Tankers, with total shares owned by institutions rising by 0.85% to 3,723K shares over the last three months.
Shareholder Activity: Notable changes in shareholder positions include QVT Financial maintaining its 4.42% ownership, SG Americas Securities increasing its stake by 5.16%, and Goldman Sachs Group reducing its holdings by 31.64%.
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- Successful Financing: Okeanis Eco Tankers successfully issued 3.61 million new common shares at $36 each, raising approximately $130 million, which will enhance the company's capital structure and support future expansion plans.
- Exchange Listing: The newly issued shares are set to begin trading on the New York Stock Exchange around January 23, 2026, marking a significant step in the company's development in the U.S. market, expected to boost its visibility and liquidity.
- Equity Structure Change: Following this issuance, the company's total shares outstanding will increase to 39,740,547, with 39,044,655 shares deemed outstanding, reflecting the company's active engagement in capital markets and an expanding shareholder base.
- Legal Compliance Support: Fearnley Securities AS and Clarksons Securities AS acted as joint global coordinators and joint bookrunners, ensuring the offering complies with SEC regulations, thereby enhancing investor confidence in the company's compliance.
- Capital Raise: Okeanis Eco Tankers successfully raised $130 million through the issuance of over 3.6 million new common shares at $36 each, with proceeds earmarked for the acquisition of two newbuilding suezmax vessels at Daehan Shipbuilding for a total price of $198.6 million.
- Vessel Delivery Timeline: The two new vessels are expected to be delivered in Q2 2026, serving as sister ships to those delivered earlier this month, thereby enhancing the company's fleet size and competitive positioning in the market.
- Charter Rate Growth: Okeanis reported an average time-charter equivalent rate of $75,400/day in Q4 2025, a significant increase from $46,600/day in Q3, indicating strong performance in the market.
- Outstanding Market Performance: According to TradeWindsNews.com, Okeanis was the top performer in 2025, with a 57% share gain among 27 mostly U.S.-traded stocks, reflecting its strong position and investor confidence in the industry.
- Earnings Performance: Netflix's Q4 earnings report revealed revenue of $12.16 billion, exceeding expectations, yet its Q1 guidance of $12.16 billion fell short of the $12.19 billion consensus, causing shares to drop 5.7% to $82.32 in pre-market trading.
- Earnings Per Share Outlook: The company anticipates Q1 earnings per share of 76 cents, below the consensus estimate of 81 cents, indicating pressure on user growth and profitability, which may undermine investor confidence.
- Other Stock Movements: Erasca Inc announced a proposed $150 million public offering, leading to a 6.2% decline in its pre-market share price to $9.20, highlighting market sensitivity to new stock issuances.
- Market Reaction: Kraft Heinz Co shares fell 5.3% to $22.51 as Berkshire Hathaway filed to sell up to 325 million shares, intensifying market concerns regarding its future performance.

- New Share Offering: Okeanis Eco Tankers announced on January 20, 2026, a contemplated offering of new common shares aimed at strengthening the company's capital structure and market competitiveness.
- Trading Halt Notification: To facilitate an efficient bookbuilding process for the offering, the company will impose a trading halt on its common shares on Euronext Oslo Børs on January 21, 2026, expected to last until around 13:00 CET.
- Market Reaction Anticipation: The trading halt may influence investors' short-term trading strategies, prompting them to monitor subsequent announcements regarding the bookbuilding process to adjust their investment decisions accordingly.
- Company Background: Okeanis Eco Tankers is a leading international tanker company with a fleet of 16 modern vessels focused on the seaborne transportation of crude oil and refined products, committed to enhancing operational efficiency and market share.
- Oversold Signal: Okeanis Eco Tankers Corp (ECO) shares fell to $32.07, with an RSI of 29.9 indicating that the recent heavy selling may be nearing exhaustion, prompting bullish investors to seek buying opportunities.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 51.0, ECO's oversold condition may attract bullish investors, encouraging them to look for rebounds in future trading sessions.
- Price Fluctuation: With a 52-week low of $17.91 and a high of $39.77, the current trading price of $32.20 suggests that ECO's stock is within a volatile range, potentially offering value investment opportunities for investors.
- Investor Attention: As ECO's shares remain in an oversold state, the market may also focus on other similarly oversold stocks, further driving investor interest and market activity.
- Annual Report Release: Okeanis Eco Tankers is set to release its annual report for FY2025 on March 20, 2026, ensuring timely access to the latest financial information for investors.
- Quarterly Report Schedule: The company plans to publish its Q4 2025 report on February 18, 2026, followed by Q1 and Q3 reports on May 13 and November 11, respectively, with all reports released after NYSE market close to enhance transparency.
- Shareholder Meeting Date: The annual general meeting is scheduled for May 29, 2026, providing an opportunity for shareholders to engage with management, thereby improving corporate governance and shareholder relations.
- Company Background Information: Okeanis Eco Tankers is a leading international tanker company specializing in seaborne transportation of crude oil and refined products, operating a fleet of six modern scrubber-fitted Suezmax tankers and eight VLCC tankers, which strengthens its competitive position in the market.








