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Top Ships ( (TOPS) ) just unveiled an announcement.
On January 6, 2026, TOP Ships Inc. announced it has amended the time charter agreement for its Suezmax tanker M/T Eco Oceano with Central Tankers Chartering Inc., an entity affiliated with CEO and major shareholder Evangelos J. Pistiolis. Effective January 1, 2026, the charter duration has been reset to a five-year term at an increased daily rate of $30,000, up from the previous $24,500 per day, and the charterer has been granted a purchase option in February 2027 at a price of $70 million. The amendment, which shortens the original charter running to March 2037, was approved by an independent board committee that obtained a fairness opinion from an external financial adviser, indicating an effort to address related-party transaction concerns and potentially enhance near- to medium-term revenue visibility for the vessel while preserving strategic flexibility around its eventual sale.
The most recent analyst rating on (TOPS) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Top Ships stock, see the TOPS Stock Forecast page.
Spark’s Take on TOPS Stock
According to Spark, TipRanks’ AI Analyst, TOPS is a Neutral.
Top Ships’ overall stock score is driven primarily by its undervalued P/E ratio, indicating potential value for investors. The technical analysis supports a stable outlook with positive short-term trends. However, financial performance is moderate, with high leverage and declining net profit margins posing risks. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TOPS stock, click here.
More about Top Ships
TOP Ships Inc. is an international owner and operator of ocean-going, modern, fuel-efficient “eco” tanker vessels, focusing on the transportation of crude oil, petroleum products (both clean and dirty) and bulk liquid chemicals. The company operates in the global seaborne energy and chemicals transport market, leveraging a fleet of contemporary tankers to serve charterers worldwide.
Average Trading Volume: 15,794
Technical Sentiment Signal: Strong Sell
Current Market Cap: $23.45M
For an in-depth examination of TOPS stock, go to TipRanks’ Overview page.