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The latest update is out from Okeanis Eco Tankers Corp. ( (ECO) ).
Okeanis Eco Tankers Corp. announced a successful pricing of 3,239,436 new shares at USD 35.50 each, raising nearly USD 115 million. The proceeds are intended to partially fund the acquisition of two new Suezmax vessels under construction in South Korea, enhancing the company’s fleet and market position. The offering aligns with regulatory compliance and is expected to complete by November 21, 2025, with shares available for trading on the NYSE.
The most recent analyst rating on (ECO) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Okeanis Eco Tankers Corp. stock, see the ECO Stock Forecast page.
More about Okeanis Eco Tankers Corp.
Okeanis Eco Tankers Corp. is a prominent international tanker company that specializes in the seaborne transportation of crude oil and refined products. Founded in 2018 and incorporated under the laws of the Republic of the Marshall Islands, the company operates a fleet of modern scrubber-fitted Suezmax and VLCC tankers. It is publicly traded on the Oslo Stock Exchange and the New York Stock Exchange.
Average Trading Volume: 169,932
Technical Sentiment Signal: Buy
Current Market Cap: $1.23B
Learn more about ECO stock on TipRanks’ Stock Analysis page.