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Okeanis Eco Tankers Corp. ( (ECO) ) just unveiled an announcement.
Okeanis Eco Tankers has completed a USD 130 million equity raise through the issuance of 3,611,111 new common shares at USD 36.00 per share, increasing its total issued share capital to 39,740,547 common shares, of which 39,044,655 are outstanding and the rest held in treasury. The new shares have been issued in the U.S. Depository Trust Company for trading on the New York Stock Exchange and can be transferred for trading on Euronext Oslo Børs, a move that strengthens the company’s capital base and enhances its access to both U.S. and Norwegian capital markets, potentially supporting future fleet or growth initiatives and reinforcing its position in the international tanker shipping sector.
The most recent analyst rating on (ECO) stock is a Buy with a $43.00 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 Marshall Islands, it operates a modern fleet of eight scrubber-fitted Suezmax and eight scrubber-fitted VLCC tankers, and its shares are listed on both the Oslo Stock Exchange (OET) and the New York Stock Exchange (ECO).
Average Trading Volume: 320,236
Technical Sentiment Signal: Buy
Current Market Cap: $1.38B
For an in-depth examination of ECO stock, go to TipRanks’ Overview page.