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Okeanis Eco Tankers Raises $115 Million in Successful Share Offering

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Okeanis Eco Tankers Raises $115 Million in Successful Share Offering

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Okeanis Eco Tankers Corp. ( (ECO) ) has shared an announcement.

Okeanis Eco Tankers Corp. has successfully raised approximately USD 115 million through the offering of over 3.2 million new common shares, priced at USD 35.50 each. These shares will be available for trading on the New York Stock Exchange and Euronext Oslo Børs, and are entitled to the upcoming cash dividend, increasing the total dividend payout. This capital raise strengthens the company’s financial position and may enhance its market competitiveness.

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 leading international tanker company that provides seaborne transportation of crude oil and refined products. Incorporated in 2018 under the laws of the Republic of the Marshall Islands, the company is listed on the Oslo Stock Exchange and the New York Stock Exchange. Its fleet includes modern scrubber-fitted Suezmax and VLCC tankers.

Average Trading Volume: 184,488

Technical Sentiment Signal: Buy

Current Market Cap: $1.17B

For a thorough assessment of ECO stock, go to TipRanks’ Stock Analysis page.

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