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Okeanis Eco Tankers Corp. ( (ECO) ) has issued an announcement.
Okeanis Eco Tankers Corp. has secured a $65 million loan to finance the repurchase of the Nissos Kea, enhancing its capital structure and expanding its financing options. This move reflects the company’s strategic focus on reducing debt service costs and extending maturity profiles, positioning it for future growth opportunities in the tanker industry.
The most recent analyst rating on (ECO) stock is a Buy with a $40.00 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 specializing in the seaborne transportation of crude oil and refined products. The company operates a modern fleet of scrubber-fitted Suezmax and VLCC tankers and is publicly traded on the Oslo Stock Exchange and the New York Stock Exchange.
Average Trading Volume: 148,901
Technical Sentiment Signal: Buy
Current Market Cap: $740M
See more insights into ECO stock on TipRanks’ Stock Analysis page.