Okeanis Eco Tankers Corp. (ECO) AI Stock Analysis

Okeanis Eco Tankers Corp.

(NYSE:ECO)

Select Model

Rating:81Outperform

Price Target:$115.00▲(51.02% Upside)

Action:reiterated

Date:10/14/26

ECO scores well primarily on outstanding recent profitability and improved leverage, supported by attractive valuation (low P/E and high dividend yield). The score is moderated by weaker free cash flow conversion, cyclical/shipping rate sensitivity highlighted in guidance, and technically stretched momentum that can increase near-term pullback risk.

Positive Factors

Young, efficient fleetA young, modern fleet can support strong fuel efficiency, reliability and commercial appeal while limiting near-term replacement needs. Eco scrubber-fitted vessels and only one planned 2026 dry dock also support vessel availability and help preserve earning capacity over the next several quarters.

Negative Factors

Shipping-rate cyclicalityThe company’s revenue and earnings depend heavily on charter rates, utilization and crude-oil trade flows, leaving results exposed to reversals after unusually strong periods. This makes current margins difficult to sustain consistently and can reduce cash available for debt reduction or distributions.

Okeanis Eco Tankers Corp. (ECO) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $35.92B
Dividend Yield: 9.42%
Average Volume (3M): 745.92K
Price to Earnings (P/E): 9.3
Beta (1Y): 0.73
Revenue Growth: 105.24%
EPS Growth: 413.89%
Country: US
Employees: 14
Sector: Energy
Sector Strength: 65
Industry: Marine Shipping

Okeanis Eco Tankers Corp. Business Overview & Revenue Model

Company Description

Okeanis Eco Tankers Corp. is a global maritime enterprise primarily involved in the acquisition, chartering out, and operational oversight of oil tanker vessels worldwide. Beyond its core business, the firm also delivers a variety of shipping-related...

How the Company Makes Money

Okeanis Eco Tankers generates revenue primarily by chartering its crude oil tankers to customers that need seaborne transportation capacity. Its core revenue stream is freight income earned under charter arrangements, which can include time charters...

Okeanis Eco Tankers Corp. Earnings Call Summary

Earnings Call Date:Aug 03, 2026(Q2-2026)|% Change Since:40.07%|Next Earnings Date:Nov 10, 2026

Earnings Call SentimentPositive

The call emphasizes a very strong operational and financial quarter driven by exceptional spot rates, disciplined commercial execution, accretive acquisitions, a modern young fleet, improved financing costs and generous shareholder returns. Notable risks include elevated working capital fluctuations, geopolitical disruptions (attacks and Hormuz/Red Sea/Black Sea fragility), medium‑term order‑book supply considerations and short‑term rate volatility on some Suezmax routes. Overall, management presents confidence in continued shareholder distributions and a strategy to preserve optionality while acknowledging market and operational risks.

Positive Updates

Record Quarterly and Half-Year Results

Q2 2026 was the company's strongest quarter ever and H1 2026 the strongest first half since inception: adjusted EPS of $5.91 for the quarter and $8.28 for the first half; adjusted net profit of $231 million for Q2 and H1 net income of about $320 million. TCE revenue for the first 6 months exceeded $400 million.

Negative Updates

Elevated Working Capital and Receivables

Receivables and working capital increased materially quarter‑on‑quarter due to significantly higher rates; cash at quarter end was $248 million but includes earmarked amounts and restricted cash. Management notes these receivables are typically collected shortly after quarter end, but working capital volatility can affect short‑term liquidity and cash balance normalization expectations.

Company Guidance

For Q3 the company said earnings visibility remains strong: it entered the quarter with the full 18‑vessel fleet on the water (average age ~5.5–5.6 years) and 99% Q2 fleet utilization, has fixed 48% of VLCC spot days at ~$207,000/day and 42% of Suezmax spot days at ~$133,000/day, with the fixed spot portion across the fleet at ~$166,500/day on 681 days, plus 92 time‑charter days at $90,000/day and roughly 52% of total fleet days still open — a meaningful portion of the quarter to fix (both opportunity and risk); Milos’ 10‑year dry dock is scheduled end‑Sept/early‑Oct; management also noted recent spot outperformance versus peers (~+50% VLCC, ~+60% Suezmax).

Okeanis Eco Tankers Corp. Financial Statement Overview

Summary

Income statement strength is exceptional (92) with ~46.7% TTM revenue growth and very high margins, and leverage metrics have improved (balance sheet 76). The main offsets are weaker free cash flow conversion (cash flow 64) and the inherent cyclicality of shipping earnings and charter rates, which can reverse quickly.

Income Statement

92Very Positive

Balance Sheet

76Positive

Cash Flow

64Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	706.47M	391.55M	393.23M	413.10M	270.97M	169.00M
Gross Profit	475.77M	224.44M	223.60M	221.41M	123.18M	44.63M
EBITDA	479.04M	164.39M	203.63M	244.31M	157.60M	64.85M
Net Income	402.14M	122.95M	108.86M	145.25M	84.56M	-902.90K
Balance Sheet
Total Assets	1.65B	1.20B	1.08B	1.13B	1.18B	954.59M
Cash, Cash Equivalents and Short-Term Investments	222.59M	116.64M	49.34M	49.99M	81.35M	38.18M
Total Debt	722.49M	605.10M	646.18M	693.28M	739.04M	577.00M
Total Liabilities	771.74M	627.55M	671.67M	720.98M	761.11M	596.30M
Stockholders Equity	877.51M	573.09M	410.43M	408.13M	422.24M	358.29M
Cash Flow
Free Cash Flow	44.90M	71.11M	153.67M	171.61M	-98.98M	6.29M
Operating Cash Flow	360.91M	111.30M	164.86M	174.92M	81.16M	28.60M
Investing Cash Flow	-334.81M	-42.42M	-11.24M	-1.27M	-179.10M	285.67M
Financing Cash Flow	135.84M	-3.45M	-153.42M	-205.72M	140.70M	-299.43M

Okeanis Eco Tankers Corp. Technical Analysis

Technical Analysis SentimentPositive

Last Price76.15

Price Trends

50DMA82.41Positive

100DMA67.38Positive

200DMA55.02Positive

Market Momentum

MACD4.71Negative

RSI66.76Neutral

STOCH91.78Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ECO, the sentiment is Positive. The current price of 76.15 is below the 20-day moving average (MA) of 93.42, below the 50-day MA of 82.41, and above the 200-day MA of 55.02, indicating a bullish trend. The MACD of 4.71 indicates Negative momentum. The RSI at 66.76 is Neutral, neither overbought nor oversold. The STOCH value of 91.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ECO.

Okeanis Eco Tankers Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

ECO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRO	86Outperform	$12.67B	8.53	54.89%	10.86%	48.84%	524.52%
DHT	82Outperform	$4.03B	8.51	39.55%	9.79%	39.42%	148.77%
TNK	81Outperform	$3.50B	5.92	27.73%	1.98%	19.33%	110.30%
ECO	81Outperform	$3.89B	9.34	―	9.42%	105.24%	413.89%
INSW	77Outperform	$5.73B	7.10	37.04%	11.26%	57.66%	225.95%
NAT	77Outperform	$1.67B	13.59	26.85%	9.99%	29.11%	814.26%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

* Energy Sector Average

Performance Comparison

ECO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ECO	Okeanis Eco Tankers Corp.	76.15	47.30	163.93%
DHT	Dht Holdings	25.02	13.67	120.40%
FRO	Frontline	56.90	35.98	172.01%
NAT	Nordic American Tanker Shipping	7.91	4.77	152.23%
TNK	Teekay Tankers	100.80	41.80	70.84%
INSW	International Seaways	111.95	68.70	158.87%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 14, 2026

Okeanis Eco Tankers Corp. AI Stock Analysis